finances - Page 1 | Plumbing & Mechanical

Probook Raises $40M from Andreessen Horowitz and Sequoia

The AI operating system for home services announced a $34 million investment from Andreessen Horowitz, and a $6 million Seed round by Sequoia Capital.

Plumbing & Mechanical Editorial Staff

June 23, 2026

George Eliadis, CEO and co-founder of Probook, started the business to solve problems that he saw in his own business.

A calculator, notepad and pencil over money.

Beyond Revenue: The KPIs That Drive Plumbing Profitability

BDR's Nate Agentis explains how contractors can use forecasting, cash flow management and technician productivity metrics to improve profitability.

Kristen R. Bayles

June 3, 2026

Revenue may show growth, but KPIs such as gross profit per technician, utilization rates and cash flow provide a clearer view of business performance.

A desk with a computer, phone, money and documents.

iWallet Joins NVIDIA Inception Program to Accelerate AI-Driven Contractor Payments Infrastructure

iWallet is building a platform that brings contractor payments and programmable financial services into a single system.

May 7, 2026

Through NVIDIA Inception, iWallet will gain access to GPU resources, software development kits, and engineering guidance.

What's the best-paying state for a plumber?

Recent research from Construction Coverage shows which states and cities offer plumbers the highest wages.

Kristen R. Bayles

April 3, 2026

Plumbing remains a stable and essential career, but the competition for talent is increasing. Contractors who understand regional wage trends and adjust accordingly will be better positioned to attract and retain the workforce they need.

Contractor Commerce's new Instant Estimate software

Contractor Commerce brings rebate data to Instant Estimate software

HVAC companies can now provide customers with upfront information about relevant incentives.

March 25, 2026

This launch aims to reduce friction around cost and affordability.

Sidekick by BDR launches

New AI-powered platform automates purchasing and invoicing.

February 20, 2026

BDR's new AI platform automates accounts payable processes for home service contractors.

AD member sales reach a record $100 billion in 2025

The company reported record results for 2025.

February 5, 2026

AD member sales increased 20% across the group's divisions and countries.

ServiceTitan introduces AP Automation and Tap to Pay on Mobile

ServiceTitan has introduced Accounts Payable Automation and expanded its fintech offerings to include Tap to Pay on Mobile and Integrated Financing.

January 8, 2026

The new capabilities aim to help contractors automate AP processes, get paid faster and gain greater financial visibility across their operations.

GF names Javier Alarcón VP, Finance of GF Building Flow Solutions Americas

GF appoints new vice president of finance to support continued growth.

December 16, 2025

Alarcón brings more than 25 years of global finance leadership experience to the role, overseeing Finance and Accounting operations effective Dec. 15, 2025.

The logos for Vector Home and Commercial Services and Minneapolis-St. Paul Business Journal’s annual FAST 50 Growth list.

Vector Home and Commercial Services makes position #21 on Minneapolis-St. Paul Annual Fast 50 Growth List

Residential & commercial HVAC, plumbing & electrical company also made the INC. 5000 List this year

October 24, 2025

Vector joins the Minneapolis-St. Paul Business Journal’s FAST 50 list for the first time, landing at #21 with a 71% growth rate and $6.47 million in 2024 revenue.