Approved · Waiver · decided in 21 days, 13 Apr 2026
Lighthouse Service Partners Bidco Pty Ltd, backed by private equity firm Alpine Investors, proposes to acquire 100% of the share capital in Precise Services Group. This transaction expands Lighthouse's integrated building services, including plumbing, electrical, and HVAC, for residential and commercial customers in the Greater Adelaide region.
Lighthouse Service Partners Holdco Pty Ltd, through its subsidiary Lighthouse Service Partners Bidco Pty Ltd (together, Lighthouse ), proposes to acquire 100% of the issued share capital in Precise Plumbing Pty Ltd ( Precise Plumbing ), SA Pipe Relining Pty Ltd ( SAPR ) and Precise Trade Services Pty Ltd ( PTS ) (together, Precise Services Group ) from its current shareholders. Lighthouse’s investment structure focuses on acquisitions and investments in home services businesses across plumbing, heating ventilation and air conditioning (HVAC), electrical and related trades in Australia (together, “integrated building services” ). Lighthouse is ultimately owned by Alpine Investors, a private equity firm headquartered in San Francisco, California. Lighthouse owns Ken Hall Holdings Pty Ltd which operates in the Greater Adelaide region and predominantly provides residential integrated building services, including plumbing, electrical, HVAC, roofing, tiling, bathroom renovations, handyman services, and related home maintenance services. The Precise Services Group companies provide trade services to residential and commercial customers across the Greater Adelaide region, including: Precise Plumbing provides integrated building services to predominantly residential customers in respect of plumbing, electrical, HVAC, bathroom renovations and handyman services; and SAPR provides plumbing services to residential and commercial customers and specialises in pipe relining. PTS is a shared service entity which is a cost centre for PPE and SAPR