Redwood Services, a home services firm focused on investing in leading residential HVAC, plumbing and electrical services companies in growing U.S. markets, announced it has invested in Tony's Plumbing.
 
Tony Molica founded Tony's Plumbing in 1994 and has proudly served the Modesto, California, area for over 30 years. In 2022, Tony's sons Alex Molica and Andrew Molica took over the family business, working steadfastly to continue the tradition of providing exceptional service to Tony's loyal customers.
 
"Tony's is a prime example of who we want to work with at Redwood. Alex and Andrew are extremely motivated and have taken a strong, family-run business and demonstrated tremendous business growth over the last few years," said Richard Lewis, CEO of Redwood Services. "Our team looks forward to working with Tony's to help accelerate the growth."
 
Owners Andrew Molica, who serves as president and general manager, and Alex Molica, who serves as vice president, will retain a significant minority ownership stake as part of the investment. The Tony's team will continue to operate and manage the business under the Tony's banner and name, while Redwood will offer operational, strategic and financial support to enhance the company's growth.
 
 "At Tony's, we believe in being the best we can be every day. As long as we remain authentic and focused on our values, we believe we'll be successful. In Redwood, we have a Partner and team that will help us better serve our customers, and help our employees reach their full potential," said Andrew Molica. “This enormous opportunity is a culmination of our father’s vision and our team’s tireless dedication. Alex and I are endlessly grateful and dedicated to taking Tony’s to the next level.”
 
 Tony's is Redwood's 16th platform investment, following investments in leading HVAC, plumbing and electrical trades throughout the United States.