Deals
Millionaire British Plumbing Kingpin Seeks Buyer for Pimlico
- Deal could value London firm at about 100 million pounds
- Firm has drawn bids from private equity, strategic suitors
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Charlie Mullins, the flamboyant British businessman who started Pimlico Plumbers in 1979 with a second-hand van and built it into one of London’s most-recognizable firms, wants to sell out.
The 68-year-old, known for his mullet hairstyle, became the richest plumber in the U.K. while courting controversy with his outspoken comments on everything from taxes to Brexit. Mullins, who was awarded an Order of the British Empire for his services to the industry, is now seeking a buyer for Pimlico, people with knowledge of the matter said.