HVAC & Mechanical Add-on Acquisitions in 2023
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- Buyer
- Grove Mountain Partners, Service Country LLC
- Target
- McGee Heating and Air
- Industry
- HVAC & Mechanical
- Location
- Georgia, United States
- Type
- Addon
Atlanta-based private equity firm Grove Mountain Partners launched Service Country LLC, a home‑services platform, and completed the acquisition/partnership with McGee Heating and Air, a residential HVAC provider operating five locations in Georgia and South Carolina. McGee’s management, led by President Robert Kesler, will remain with significant equity; the platform will provide shared marketing, technology, training, and procurement support to drive growth across the Southeastern US.
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December 20, 2023
- Buyer
- Heritage Distribution Holdings, Beijer Ref AB
- Target
- Webb Supply
- Seller
- Owners of Webb Supply (founding family / management)
- Industry
- HVAC & Mechanical
- Location
- Ohio, United States
- Type
- Addon
Heritage Distribution Holdings, the U.S. platform for Beijer Ref AB, has agreed to acquire the assets of Webb Supply, a family-owned HVAC wholesale distributor headquartered in Cleveland, Ohio. Webb will continue to operate under its brand and management will roll over equity as the business becomes part of Heritage Distribution's Northern Region to expand the platform's footprint in Northeastern Ohio and Western Pennsylvania.
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- Buyer
- Conditioned Air Company, Gemini Investors, Genesis Park
- Target
- A/C Designs
- Seller
- Ed Tennant, Corey Tennant
- Industry
- HVAC & Mechanical
- Location
- Florida, United States
- Type
- Addon
Conditioned Air Company, a Naples-based residential HVAC platform backed by Gemini Investors, acquired A/C Designs of St. Augustine to expand its footprint into Northeast Florida. The transaction was supported by a debt and equity investment from Genesis Park and a lending package from Cambridge Savings Bank; West 4th Capital advised A/C Designs.
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December 14, 2023
- Buyer
- Modigent
- Target
- Tebarco Mechanical
- Industry
- HVAC & Mechanical
- Location
- Georgia, United States
- Type
- Addon
Modigent has acquired Tebarco Mechanical, an Atlanta-area mechanical contracting and engineering firm founded in 1983, to expand Modigent’s national footprint and integrate Tebarco’s engineering, design-build, VDC and service capabilities. The deal brings Tebarco’s team into Modigent’s portfolio of HVAC, plumbing and controls businesses and aims to scale Tebarco’s operations nationally.
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December 11, 2023
- Buyer
- Tom Barrow Co.
- Target
- R. F. Peck Co., Inc.
- Industry
- HVAC & Mechanical
- Location
- New York, United States
- Type
- Addon
Tom Barrow Co., an Ardian-backed HVAC platform based in Atlanta, acquired R.F. Peck Co., Inc., a manufacturers’ representative and HVAC distributor serving New York, Vermont and Massachusetts. R.F. Peck will continue to operate as an independent brand (now R.F. Peck HVAC, LLC) with long-time principals Terry Seery and Jim Browe remaining in leadership and investing in the business to support growth in the Northeast.
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December 11, 2023
- Buyer
- Seacoast Service Partners, White Wolf Capital Group
- Target
- Putnam Mechanical Services, LLC
- Industry
- HVAC & Mechanical
- Location
- Florida, United States
- Type
- Addon
Seacoast Service Partners, a White Wolf Capital Group–backed platform for plumbing and HVAC businesses, has acquired Putnam Mechanical Services, LLC, a commercial HVAC and refrigeration services provider in Southwest Florida. The deal is the platform's second add-on acquisition and expands Seacoast's footprint in Florida and the broader Southeastern U.S.
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December 5, 2023
- Buyer
- CoolSys
- Target
- Georgia Air Solutions
- Seller
- James Dahlin (owner)
- Industry
- HVAC & Mechanical
- Location
- Georgia, United States
- Type
- Addon
CoolSys, a national provider of refrigeration, HVAC, energy, and engineering solutions, has acquired Georgia Air Solutions, a Jackson, Georgia-based commercial refrigeration and HVAC service provider. The acquisition expands CoolSys's market density and service offerings in Georgia, adding local installation, repair, and maintenance capabilities for grocery, retail, education, and commercial customers.
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December 1, 2023
- Buyer
- Del-Air Plumbing, Air Conditioning and Electric, Astara Capital Partners
- Target
- Simpson Air
- Industry
- HVAC & Mechanical
- Location
- Florida, United States
- Type
- Addon
Del-Air Plumbing, Air Conditioning and Electric (majority-owned by Astara Capital Partners) has acquired Simpson Air, a Tampa-area air conditioning and heating services provider founded in 1999. The add-on expands Del-Air’s presence across the Tampa Bay market and broadens services available to Simpson Air’s homebuilder, homeowner and light-commercial customers, including air purification, HVAC, ventilation and ductwork services.
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November 30, 2023
- Buyer
- Sila Services, LLC
- Target
- Triangle Heating, Cooling, Plumbing & Electrical
- Seller
- Justin Witherite
- Industry
- HVAC & Mechanical
- Location
- Pennsylvania, United States
- Type
- Addon
Sila Services, a home services platform, has acquired Triangle Heating, Cooling, Plumbing & Electrical of Bellefonte, Pennsylvania. The add-on expands Sila's footprint into Central Pennsylvania and brings Triangle’s residential HVAC, plumbing and electrical services and team into the Sila Services platform.
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November 28, 2023
- Buyer
- AMPAM Parks Mechanical, Inc., Gemspring Capital
- Target
- Multi Mechanical, Inc.
- Industry
- HVAC & Mechanical
- Location
- California, United States
- Type
- Addon
AMPAM Parks Mechanical, a Gemspring Capital portfolio company, has acquired Multi Mechanical, Inc., an HVAC services provider focused on the multifamily market in Southern California. The deal expands AMPAM’s service offering by adding HVAC installation and servicing capabilities to its existing design‑build plumbing platform; founding members of Multi Mechanical will continue to lead the HVAC business under AMPAM.
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November 28, 2023
- Buyer
- Leap Partners
- Target
- Patriot Services
- Seller
- Terry Morrow
- Industry
- HVAC & Mechanical
- Location
- Tennessee, United States
- Type
- Addon
Leap Partners acquired Patriot Services, a Chattanooga-based plumbing, heating and air-conditioning company. The deal expands Leap Partners' Southeast home-services platform; former owner Terry Morrow will remain to lead the Patriot Services team.
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November 28, 2023
- Buyer
- Air Conditioning Specialist, Inc. (ACS), Hidden Harbor Capital Partners
- Target
- Tri-City Air Conditioning Co.
- Industry
- HVAC & Mechanical
- Location
- Tennessee, United States
- Type
- Addon
Air Conditioning Specialist, Inc. (ACS), a Hidden Harbor Capital Partners portfolio company, has acquired Tri-City Air Conditioning Co., a Johnson City, Tennessee HVAC services provider. The deal expands ACS’s service footprint in Tennessee and strengthens its residential and light-commercial HVAC capabilities as an add-on to its platform.
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November 16, 2023
- Buyer
- Air Conditioning Specialist, Inc. (ACS), Hidden Harbor Capital Partners
- Target
- Service Air Eastern Shore
- Seller
- Service Air Eastern Shore owners (Glenn Geddes)
- Industry
- HVAC & Mechanical
- Location
- Alabama, United States
- Type
- Addon
Air Conditioning Specialist, Inc. (ACS), a portfolio company of Hidden Harbor Capital Partners, has acquired Service Air Eastern Shore, a residential and commercial HVAC services provider headquartered in Silverhill, Alabama. The deal is an add-on acquisition to expand ACS’s footprint and service capabilities across southwest Alabama and the Florida Panhandle.
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November 15, 2023
- Buyer
- Right Time Group of Companies, Gryphon Investors
- Target
- Breathe Clean Mini Split Heat Pump Cleaning
- Seller
- Cleve and Michelle Brewer
- Industry
- HVAC & Mechanical
- Location
- Nova Scotia, Canada
- Type
- Addon
Right Time Group of Companies acquired Halifax-based Breathe Clean Mini Split Heat Pump Cleaning, bringing the company's employees into Right Time's residential HVAC platform. The deal expands Right Time's footprint in Nova Scotia; Right Time is majority-owned by Gryphon Investors. Terms were not disclosed.
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November 14, 2023
- Buyer
- Crete Mechanical Group
- Target
- C&C Service, LLC
- Industry
- HVAC & Mechanical
- Location
- Connecticut, United States
- Type
- Addon
Crete Mechanical Group has acquired a majority stake in C&C Service, LLC, a Stamford, Connecticut-based commercial HVAC services firm. The deal expands Crete’s partner network and marks the company’s entrance into the Connecticut market as part of its broader Northeast expansion strategy.
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November 9, 2023
- Buyer
- Crete Mechanical Group
- Target
- John's Service and Sales Inc.
- Industry
- HVAC & Mechanical
- Location
- Illinois, United States
- Type
- Addon
Crete Mechanical Group announced a partnership to bring John's Service and Sales (Oglesby, IL) into the Crete network, expanding Crete's HVAC and plumbing presence in Central Illinois. The collaboration will expand service, maintenance and retrofit capabilities for commercial customers in the region as part of Crete's nationwide multi-service platform.
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November 8, 2023
- Buyer
- Lunchpail Service Partners
- Target
- Artic Air
- Industry
- HVAC & Mechanical
- Location
- Florida, United States
- Type
- Addon
Lunchpail Service Partners acquired Artic Air, a fourth-generation family-owned HVAC business based in Palatka, Florida; the transaction closed on November 8, 2023. Generational Equity advised Artic Air on the sale—Lunchpail will integrate Artic Air into its shared-services platform to support marketing, HR, software, finance and back-office functions while expanding its footprint in Northeast Florida.
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November 1, 2023
- Buyer
- Ally Services
- Target
- Honest Abe Home Services, East Coast Plumbing, Heating & Air
- Industry
- HVAC & Mechanical
- Location
- United States
- Type
- Addon
Ally Services completed add-on acquisitions of Honest Abe Home Services and East Coast Plumbing, Heating & Air to expand its residential plumbing and HVAC footprint across the Mid‑Atlantic. The deals increase Ally's scale and capacity throughout Maryland and Delaware as the PE‑backed platform continues to integrate local home‑service brands.
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October 26, 2023
- Buyer
- JPB Partners
- Target
- Bowman's Plumbing, Heating, Air Conditioning & Electrical, Inc.
- Industry
- HVAC & Mechanical
- Location
- Virginia, United States
- Type
- Addon
JPB Partners, a family office and alternative asset manager, acquired Bowman's Plumbing, Heating, Air Conditioning & Electrical, Inc., a residential HVAC, plumbing and electrical services company headquartered in Sterling, Virginia. The transaction is an add-on to JPB's residential HVAC and plumbing platform (including Blue Mountain Plumbing, Heating & Cooling) to support de novo growth and additional add-on acquisitions across Virginia.
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October 24, 2023
- Buyer
- Marathon HVAC Services, Sound Partners
- Target
- Design Air
- Seller
- Paul Davidson, Megan Davidson
- Industry
- HVAC & Mechanical
- Location
- California, United States
- Type
- Addon
Marathon HVAC Services, a Southern California residential HVAC platform backed by Sound Partners, has acquired Design Air, a family-owned HVAC business serving the Inland Empire since 2001. The deal expands Marathon's Greater Los Angeles footprint into the Inland Empire and broadens capabilities to include plumbing and electrical services while Design Air's founder Paul Davidson and his daughter Megan Davidson join Marathon's leadership.
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October 23, 2023
- Buyer
- Sila Services, LLC
- Target
- Burns & McBride Home Comfort
- Industry
- HVAC & Mechanical
- Location
- Delaware, United States
- Type
- Addon
Sila Services, a PE-backed home services platform, has acquired Burns & McBride Home Comfort, a New Castle, Delaware-based residential HVAC and home comfort services provider. The deal expands Sila Services' Mid-Atlantic footprint and brings Burns & McBride's multi-generational customer base and service capabilities into Sila's platform.
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- Buyer
- Trades Holding Co., LLC, CPC (CPC, LLC)
- Target
- TWD Plumbing Inc. (dba Mr. Rooter Plumbing of Mid-Ohio)
- Seller
- TWD Plumbing Inc. (dba Mr. Rooter Plumbing of Mid-Ohio), Trent Dawson and Angie Dawson
- Industry
- HVAC & Mechanical
- Location
- Ohio, United States
- Type
- Addon
Trades Holding Co., LLC (a CPC company) has acquired the assets of TWD Plumbing Inc., which does business as Mr. Rooter Plumbing of Mid-Ohio, in Mansfield, Ohio. The add-on expands Trades' Ohio footprint and connects its Northeast, Northwest and Central service areas to improve service efficiency and technician career development.
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- Buyer
- Southeast Mechanical, Palladin Consumer Retail Partners
- Target
- Total Services HVAC and Appliances Company, LLC
- Seller
- Travis Stephens, Lisa Stephens
- Industry
- HVAC & Mechanical
- Location
- Georgia, United States
- Type
- Addon
Southeast Mechanical (SEM), a Palladin-backed HVAC, plumbing and electrical services platform, has acquired Guyton, Georgia-based Total Services HVAC and Appliances Company, LLC, marking SEM’s first expansion into the Georgia market. The business was built by Travis and Lisa Stephens, who will continue partnering with SEM as the company expands its residential and commercial HVAC and appliance service footprint in the Southeast.
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October 12, 2023
- Buyer
- PremiStar
- Target
- Golding Mechanical Services, Inc.
- Seller
- Pam Golding (founder/owner)
- Industry
- HVAC & Mechanical
- Location
- Tennessee, United States
- Type
- Addon
PremiStar has acquired Golding Mechanical Services, a full-service HVAC and controls contractor based in Memphis, Tennessee, to expand its mechanical service offerings and service density in the Southeastern U.S. Golding’s founder Pam Golding will join the PremiStar family (with her son Jonathan Golding named Director of Field Service Operations), and the business will broaden capabilities for PremiStar’s CS3 operations in the region.
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October 6, 2023
- Buyer
- Sila Services, LLC
- Target
- Levine & Sons
- Seller
- Levine family
- Industry
- HVAC & Mechanical
- Location
- Michigan, United States
- Type
- Addon
Sila Services, a home services platform, has acquired Levine & Sons, a Southfield, Michigan-based residential HVAC and plumbing business, as part of its geographic expansion into Michigan. The deal brings Levine's long-tenured customer base and service team into Sila's platform and was completed in partnership with the Levine family.
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October 3, 2023
- Buyer
- Leap Partners, Concentric Equity Partners
- Target
- Paradise Home Services, Tim Ferguson Plumbing, Air & Electric
- Seller
- Justin Deese, Chris Gist, Jacob Hamilton
- Industry
- HVAC & Mechanical
- Location
- United States
- Type
- Addon
Leap Partners, a Nashville-based home services platform, has acquired Paradise Home Services (Navarre, Florida) and Tim Ferguson Plumbing, Air & Electric (Jackson, Tennessee). The deals expand Leap Partners' portfolio of HVAC, plumbing and electrical companies across the Southeast as the businesses' existing leadership teams remain in place.
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September 27, 2023
- Buyer
- Southern Home Services
- Target
- Presidential Heating & Air Conditioning, Inc.
- Seller
- Wendell Nixon
- Industry
- HVAC & Mechanical
- Location
- Maryland, United States
- Type
- Addon
Southern Home Services has acquired Presidential Heating & Air Conditioning, Inc., a Gaithersburg, Maryland-based HVAC contractor, marking Southern's first business unit in Maryland. The acquired business will continue to operate under its existing name with employees retained, as Southern expands its residential HVAC, indoor air quality and service offerings in the Mid-Atlantic.
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September 27, 2023
- Buyer
- Air Conditioning Specialist, Inc. (ACS), Hidden Harbor Capital Partners
- Target
- Total Comfort Cooling & Heating
- Industry
- HVAC & Mechanical
- Location
- Georgia, United States
- Type
- Addon
Air Conditioning Specialist, Inc. (ACS), a portfolio company of Hidden Harbor Capital Partners, has acquired Total Comfort Cooling & Heating, a Macon, Georgia-based provider of residential and light commercial HVAC services. The acquisition is an add-on to ACS's platform to expand its footprint in the Southeast U.S.
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September 19, 2023
- Buyer
- Legence
- Target
- A.O. Reed & Co.
- Industry
- HVAC & Mechanical
- Location
- California, United States
- Type
- Addon
Legence, a Blackstone portfolio company and energy transition platform, has acquired San Diego-based mechanical contractor A.O. Reed & Co. The acquisition expands Legence's HVAC and mechanical contracting capabilities across California to support decarbonization, energy efficiency, and mission-critical building solutions.
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September 18, 2023
- Buyer
- Sila Services, LLC
- Target
- Cleveland Air Comfort Corporation, Carlson Heating, Cooling & Electric Company
- Industry
- HVAC & Mechanical
- Location
- United States
- Type
- Addon
Sila Services, a home-services platform, announced on Sept. 18, 2023 that it acquired Cleveland Air Comfort Corporation (Cleveland, OH) and Carlson Heating, Cooling & Electric Company (Glenview, IL). The acquisitions expand Sila's Midwest footprint and strengthen its residential and commercial HVAC, plumbing and electrical service offerings across the region.
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September 12, 2023
- Buyer
- TriplePoint MEP, Caymus Equity Partners
- Target
- Polk Mechanical, Commercial Air Systems, Professional Air Services
- Industry
- HVAC & Mechanical
- Location
- United States
- Type
- Addon
TriplePoint MEP, a portfolio company of Caymus Equity Partners, completed acquisitions of Polk Mechanical, Commercial Air Systems (CAS), and Professional Air Services (PAS) to expand its geographic footprint into Texas, North Carolina, South Carolina and Virginia. The deals broaden TriplePoint’s HVACR, mechanical contracting and services capabilities across healthcare, education, government and data-center end markets as part of its ongoing roll-up strategy under Caymus Equity.
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September 7, 2023
- Buyer
- Seacoast Service Partners, White Wolf Capital Group
- Target
- United Plumbing of Southwest Florida
- Industry
- HVAC & Mechanical
- Location
- Florida, United States
- Type
- Addon
Seacoast Service Partners (SSP), a platform formed by White Wolf Capital Group, has acquired United Plumbing of Southwest Florida, marking SSP's first add-on acquisition. United Plumbing, based in Ft. Myers, Florida, provides residential and commercial plumbing services across Southwest Florida and will operate under the SSP platform as part of White Wolf's strategy to build a regional plumbing and HVAC platform.
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September 1, 2023
- Buyer
- Air Temp, Anvil Capital
- Target
- The Eugene Steinberg Company
- Seller
- Bruce Robbin
- Industry
- HVAC & Mechanical
- Location
- Connecticut, United States
- Type
- Addon
Anvil Capital portfolio company Air Temp has completed the acquisition of The Eugene Steinberg Company (TESCO), marking Air Temp’s fourth add‑on under the Anvil Capital platform. The deal adds plumbing design, installation and service capabilities to Air Temp’s commercial HVAC platform in the greater Hartford, Connecticut region and is intended to accelerate regional growth and expand service offerings.
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- Buyer
- The SEER Group LLC
- Target
- All Fuel Installation and Service
- Seller
- Eric Camp, Sheri Camp
- Industry
- HVAC & Mechanical
- Location
- Oregon, United States
- Type
- Addon
The SEER Group LLC has acquired a majority stake in All Fuel Installation and Service, a Troutdale, Oregon-based home services provider founded by Eric and Sheri Camp. The deal is The SEER Group's thirty-second acquisition (and fifth this year) as it expands its residential and commercial HVAC, plumbing and fuel-services footprint in the Portland metropolitan market.
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- Buyer
- Northwinds Services Group, TruArc Partners
- Target
- All-Temp Systems Mechanical, Inc.
- Seller
- Robert G. Zagame Jr.
- Industry
- HVAC & Mechanical
- Location
- Massachusetts, United States
- Type
- Addon
Northwinds Services Group has acquired All-Temp Systems Mechanical, Inc., a Milford, Massachusetts HVAC company founded in 1982. The deal is an add-on to Northwinds' HVAC and plumbing platform (PE-backed by TruArc Partners) and expands Northwinds' service footprint in eastern Massachusetts and the New England region.
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August 9, 2023
- Buyer
- Kelvin Group, Southfield Capital
- Target
- Cooling & Heating Specialists, Inc.
- Industry
- HVAC & Mechanical
- Location
- Massachusetts, United States
- Type
- Addon
Kelvin Group, in partnership with private equity sponsor Southfield Capital, has acquired Cooling & Heating Specialists, Inc. (CHS), a regional commercial HVAC services provider headquartered in Newton, Massachusetts. CHS will be integrated into Kelvin's ARC Mechanical platform to expand commercial and industrial HVAC installation and service capabilities across New England; Deerpath Capital Management provided debt financing.
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- Buyer
- Palmetto Air & Water Balance, LLC, Sunny River Management, Deerpath Capital Management
- Target
- Air Balancing Company, Inc.
- Industry
- HVAC & Mechanical
- Location
- Texas, United States
- Type
- Addon
Palmetto Air & Water Balance has merged the operations of Air Balancing Company, Inc. (ABC) into its platform, creating Palmetto Air & Water Balance – Texas to serve Abilene, Fort Worth and Lubbock. The add-on was executed while Palmetto is a Sunny River Management portfolio company, with financing provided by Deerpath Capital Management; terms were not disclosed.
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- Buyer
- Marathon HVAC Services, Sound Partners
- Target
- Kappl Heating & Air Conditioning
- Seller
- Kevin Kappl, Christine Kappl
- Industry
- HVAC & Mechanical
- Location
- California, United States
- Type
- Addon
Marathon HVAC Services, a portfolio company of Sound Partners, has acquired Kappl Heating & Air Conditioning, a family-owned residential HVAC business serving the San Fernando Valley since 1987. The add-on expands Marathon’s footprint in the Los Angeles residential HVAC market and continues Sound Partners’ strategy of scaling Marathon through platform roll-ups and operational support.
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- Buyer
- Northwinds Services Group
- Target
- LePrevost Plumbing, Heating & Cooling
- Seller
- Tim LePrevost (founder/CEO) and the LePrevost family
- Industry
- HVAC & Mechanical
- Location
- Massachusetts, United States
- Type
- Addon
Northwinds Services Group announced the acquisition of LePrevost Plumbing, Heating & Cooling, a family-owned plumbing and HVAC services business serving Berkshire County, Massachusetts. Northwinds said it will retain local leadership while providing support for growth across sales, marketing, operations, finance, accounting and IT as part of its HVAC and plumbing platform expansion.
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- Buyer
- Any Hour Group, Knox Lane
- Target
- Black Diamond Experts, Bumble Breeze Plumbing, Heating and Air
- Industry
- HVAC & Mechanical
- Location
- United States
- Type
- Addon
Knox Lane-backed Any Hour Group has added Utah-based Black Diamond Experts and Las Vegas-based Bumble Breeze Plumbing, Heating & Air to its portfolio of home services brands. The partnerships expand Any Hour's footprint across Utah (Salt Lake City, Park City, St. George) and into the Las Vegas market, strengthening the platform's HVAC, plumbing and electrical capabilities.
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- Buyer
- Right Time Group of Companies, Gryphon Investors
- Target
- Knight Plumbing Heating & Air Conditioning
- Seller
- Wandler family
- Industry
- HVAC & Mechanical
- Location
- Alberta, Canada
- Type
- Addon
Right Time Group of Companies, a Gryphon Investors–backed Canadian home services platform, has acquired Calgary-based Knight Plumbing Heating & Air Conditioning. The acquisition expands Right Time's residential HVAC and home services footprint in Western Canada; terms were not disclosed.
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July 11, 2023
- Buyer
- Leap Partners
- Target
- Comfort Design, Premier Indoor Comfort Systems, Aire Solutions
- Seller
- Chris Hagerman, Steve Samson, Tim Funke
- Industry
- HVAC & Mechanical
- Location
- United States
- Type
- Addon
Leap Partners completed add-on acquisitions of three HVAC companies — Comfort Design (Kentucky), Premier Indoor Comfort Systems (Georgia and North Carolina), and Aire Solutions (Missouri) — expanding its Southeast footprint. The former owners (Chris Hagerman, Steve Samson and Tim Funke) will remain with their teams as the businesses operate under Leap Partners’ portfolio to grow HVAC, plumbing and electrical service capabilities across the region.
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July 10, 2023
- Buyer
- Southeast Mechanical, Palladin Consumer Retail Partners
- Target
- All Ways Heating and Air, LLC
- Industry
- HVAC & Mechanical
- Location
- North Carolina, United States
- Type
- Addon
Southeast Mechanical (a Palladin Consumer Retail Partners-backed HVAC platform) has acquired All Ways Heating and Air, LLC, a Weaverville, North Carolina-based HVAC services provider. The add-on expands Southeast Mechanical’s presence north of Asheville and strengthens its residential and commercial service footprint in western North Carolina.
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July 5, 2023
- Buyer
- P3 Services, Stellex Capital Management
- Target
- Anchor Plumbing
- Industry
- HVAC & Mechanical
- Location
- Texas, United States
- Type
- Addon
Stellex-backed P3 Services has acquired Anchor Plumbing, a San Antonio–based plumbing services company. The deal is an add-on to P3's platform strategy to expand geographic coverage across high-growth MSAs, with Anchor’s existing leadership (President Paul Arguijo) remaining in place.
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June 29, 2023
- Buyer
- Tech24, HCI Equity Partners
- Target
- Harris Warren Commercial Kitchen Service
- Seller
- Michael Harris-Warren
- Industry
- HVAC & Mechanical
- Location
- Massachusetts, United States
- Type
- Addon
Tech24, backed by HCI Equity Partners, acquired Harris Warren Commercial Kitchen Service on June 20, 2023 as its seventeenth add-on acquisition. The purchase expands Tech24's technician base and service coverage in the Cape Cod / greater Boston market, adding commercial kitchen repair, preventative maintenance and installation capabilities.
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- Buyer
- Right Time Group of Companies
- Target
- Shines Energy Incorporated
- Industry
- HVAC & Mechanical
- Location
- Nova Scotia, Canada
- Type
- Addon
Right Time Group of Companies, a Canadian residential HVAC platform majority-owned by Gryphon Investors, has acquired Dartmouth, Nova Scotia-based Shines Energy Incorporated. The acquisition — Right Time's 19th — expands the company's footprint into Eastern Canada; terms were not disclosed and Shines' management and employees will join Right Time.
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- Buyer
- Smart Care, Wind Point Partners
- Target
- Richard Meek Air Conditioning, Inc.
- Industry
- HVAC & Mechanical
- Location
- Texas, United States
- Type
- Addon
Smart Care, a Wind Point Partners–backed commercial mechanical services platform, has acquired Richard Meek Air Conditioning, a Wichita Falls, Texas provider of commercial refrigeration and HVAC repair, installation and maintenance. The acquisition expands Smart Care’s Climate Solutions footprint in Texas (its fourth in-state deal) and adds refrigeration and HVAC capabilities for grocers, convenience stores and restaurants.
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- Buyer
- American Residential Services (ARS/Rescue Rooter)
- Target
- Tarpy Plumbing, Heating & Air
- Industry
- HVAC & Mechanical
- Location
- California, United States
- Type
- Addon
American Residential Services (ARS/Rescue Rooter) has acquired Tarpy Plumbing, Heating & Air, expanding ARS's footprint in Southern California. Tarpy, based in San Diego and founded in 2007, employs about 50 people and operates a fleet of ~40 service, installation, and sales vehicles.
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- Buyer
- Southern Home Services
- Target
- Pro-Tech Air Conditioning & Plumbing
- Seller
- Hector Rebollo (President and Owner of Pro-Tech Air Conditioning & Plumbing)
- Industry
- HVAC & Mechanical
- Location
- Florida, United States
- Type
- Addon
Southern Home Services has completed the acquisition of Pro-Tech Air Conditioning & Plumbing, a local Orlando-area provider of HVAC, indoor air quality and plumbing services. Pro-Tech will continue to operate under its existing name with all employees retained as Southern integrates the business to expand its service footprint in the greater Orlando market and broader Southeast region.
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- Buyer
- Fix-It 24/7, New Harbor Capital
- Target
- Absolute Airflow
- Seller
- Victor Rancour
- Industry
- HVAC & Mechanical
- Location
- California, United States
- Type
- Addon
Fix-It 24/7, a New Harbor Capital portfolio company, has acquired Absolute Airflow, a Southern California residential HVAC and plumbing services provider. The add-on expands Fix-It's multi-branch platform into the Southern California market while founder Victor Rancour remains involved to support growth and training.
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