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Add-on acquisition Closed Oct 2023

Hobbs acquires Insight Partners, Bay Associates, and multiple HVAC rep firms

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Relationship map for Hobbs acquires Insight Partners, Bay Associates, and multiple HVAC rep firmsparent ofHobbs & Associates: PlatformHAHobbs & AssociatesEtairos HVAC: Operating CompanyEtairos HVAC
Operating CompanyPlatform

Parties

Acquirer
Hobbs & Associates
Platform
Target
Etairos HVAC
Operating Company

Summary

Following a strategic combination with longtime affiliate Insight Partners, Hobbs acquired multiple HVAC manufacturers' representative and engineering companies including Bay Associates Group, Jobe Industrial, C.G. Wood, Energy Transfer Solutions, The Kirkman Oliver Company, Klima New Jersey, Klima New York, Engineered Building Systems, and Etairos HVAC.

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