Deal closed Jun 2023 · East and Midwest, United States Verified

Ace Hardware Acquires Unique Indoor Comfort's Portfolio of 12 Home Services Companies

Ace Hardware acquired Unique Indoor Comfort's portfolio of 12 independent heating & air, plumbing, and electrical home services companies from Atlanta-based private equity firm Grove Mountain Partners. The deal includes companies across the East and Midwest, such as Moncrief Heating & Air and Clay's Climate Control. Grove Mountain had built the platform through nine add-on acquisitions since June 2021, achieving over 6x revenue growth.

“Ace Hardware acquired Unique Indoor Comfort’s portfolio of 12 independent heating & air, plumbing and electrical home services companies from Atlanta-based private equity firm Grove Mountain.”

Entities

Ace Hardware · Acquirer Clay’s Climate Control · Mentioned Grove Mountain Partners · Sponsor Moncrief Heating and Air Conditioning · Mentioned Unique Indoor Comfort · Target

ElectricalHVACPlumbing Sentiment: Positive

Read the source · franchisetimes.com

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