NYC plumbing acquisition: anyone structured around the 51% master plumber ownership rule?
May 24, 2026
by a searcher from University of Chicago in San Francisco, CA, USA
Working on an LOI for a NYC commercial plumbing business. NYC requires that 51% of voting equity in a plumbing contractor business be held by a licensed master plumber###-###-#### Seller's broker has floated an MSO structure similar to healthcare deals, but I'm hoping to pressure-test this before going further.
Looking to connect with anyone who has actually closed a similar deal as a non-licensee buyer or NY counsel with experience drafting these structures. Please feel free to DM me, happy to compare notes.