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Plumbers & Steamfitters, Local #72
Plumbers & Steamfitters Local #72 operates a defined benefit pension fund for members of the United Association (UA) Local 72 in Georgia.
Plumbers & Steamfitters, Local #72
Plumbers & Steamfitters Local #72 operates a defined benefit pension fund for members of the United Association (UA) Local 72 in Georgia. The fund is governed by a board of union trustees, including Terry Newsome Jr as Business Manager, Alan Tomberlin as Financial Secretary-Treasurer, and Jeff Housworth as Co-Chairman of the Defined Contribution Fund. Wealth originates from member contributions and employer payments under collective bargaining agreements (public record). The fund follows a buyout-oriented investment strategy across private equity, infrastructure, and real estate. Asset-class coverage includes direct and fund commitments, though specific portfolio company names are not publicly disclosed. Geographic focus centers on North America, with particular exposure to the Southeastern United States given the union's operational base. Team size is not publicly reported. The fund maintains commercial real estate holdings including an Atlanta Union Hall & Training Center at 374 Maynard Terrace SE, and offices in Albany and Rome, Georgia. Affiliated philanthropy includes the LU72 Annual Picnic & Health Fair and charity golf tournaments. The fund operates within the Atlanta & North Georgia Building Trades Council professional network. A key structural differentiator is governance: investment decisions are made by union trustees elected from the Local 72 membership, rather than by external investment professionals. This model aligns capital allocation directly with beneficiary interests but limits public disclosure typical of larger pension plans.
General information
Firm type
Union Pension Fund
Year founded
—
AUM
Undisclosed
Location
Region
North America
Country
United States
City
Atlanta
Corporate office
Atlanta, GA, United States
Additional offices
Albany, GA, United States · Rome, GA, United States
Principals
Terry Newsome Jr
Business Manager, UA Local Union 72
Alan Tomberlin
Financial Secretary-Treasurer, UA Local Union 72
Jeff Housworth
Union Trustee and Co-Chairman of the Defined Contribution Fund
Sector focus
Frequently asked questions
Who oversees investment decisions at Plumbers & Steamfitters Local #72 Pension Fund?
Investment oversight rests with a board of union trustees, including Terry Newsome Jr (Business Manager of UA Local 72), Alan Tomberlin (Financial Secretary-Treasurer), and Jeff Housworth (Union Trustee and Co-Chairman of the Defined Contribution Fund). The board directly controls allocation decisions.
What investment strategies does the fund focus on?
The fund concentrates on buyout investments across private equity, infrastructure, and real estate. It commits to both direct investments and fund vehicles, primarily within North America and with a regional emphasis on the Southeastern United States.
How is the fund's governance structured differently from other pension plans?
Unlike many public or corporate pension funds with independent investment committees, Local #72's trustees are elected union members. This structure ensures investment decisions are made by representatives of the contributing workforce.
Does the fund hold any direct real estate assets?
Yes, the fund owns commercial properties including the Atlanta Union Hall & Training Center at 374 Maynard Terrace SE, and offices in Albany and Rome, Georgia. These assets support union operations and training.
What is the relationship between Plumbers & Steamfitters Local #72 and the United Association (UA)?
UA Local 72 is a local chapter of the United Association of Journeymen and Apprentices of the Plumbing and Pipefitting Industry, the international union. The pension fund serves Local 72 members and operates under UA's broader organizational framework.
Is the fund's AUM publicly disclosed?
No, Plumbers & Steamfitters Local #72 Pension Fund does not publicly disclose its assets under management. The fund is not required to report to ERISA in the same manner as larger corporate plans.
What philanthropic activities does the union sponsor?
UA Local 72 organizes an Annual Picnic & Health Fair and charity golf tournaments. These events are separate from the pension fund's investment activities and support member welfare and community engagement.
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