Plumbers & Steamfitters Local 72

Plumbers & Steamfitters Local 72

Plumbers & Steamfitters Local 72 operates as the retirement-benefit backstop for unionized plumbers and pipefitters across the Atlanta metro region and satellite offices in Albany and Rome, Georgia. The plan, structured as a Taft-Hartley multiemployer fund, pools contributions from signatory contractors to provide defined-benefit and defined-contribution coverage. The Financial Secretary-Treasurer, Alan Tomberlin, co-administers the fund alongside Business Manager Terry Newsome Jr., with union trustee Jeff Housworth serving as Co-Chairman of the Defined Contribution Fund. The pension's investment program skews decisively toward private-market strategies, with buyout funds forming the core allocation. The plan targets real estate, private credit, and infrastructure vehicles — asset classes where general partners can deploy capital into construction-intensive projects that align with the membership's trade jurisdiction. Real estate commitments often favor build-to-core strategies in multifamily and industrial, while infrastructure allocations lean toward energy-transition and municipal-utility funds that require certified pipefitting and welding labor. The geographic footprint remains national in scope but concentrates on Sun Belt markets where union apprenticeship pipelines remain active. The fund operates from a union hall and training center at 374 Maynard Terrace in Atlanta, with a separate welfare fund office on Presidential Parkway coordinating member health benefits. The local's parent organization, the United Association of Journeymen and Apprentices of the Plumbing and Pipefitting Industry, provides national apprenticeship standards and bargaining leverage. Local 72 also participates in the Atlanta & North Georgia Building Trades Council, a regional labor coalition that coordinates project-labor agreements and workforce dispatch. No dated operational event from the last 24 months is verifiable for this fund. The structural differentiator is the plan's embedded labor-market alignment. Unlike a generic institutional LP, Local 72's investment committee can evaluate general partners through the lens of project-labor agreements and prevailing-wage compliance — a sourcing advantage when underwriting real-asset funds where union workforce availability directly impacts construction timelines and development margins. The fund's trustee composition, split between union officers and contributing employers under Taft-Hartley governance, also creates a negotiating dynamic uncommon in single-sponsor corporate plans.