Redwood Services Acquires Aaron Rice's Business and Merges with Rite Way

Redwood Services, a PE-backed home-services platform, acquired Aaron Rice's business in 2022 and merged it with Rite Way, a larger Tucson-based HVAC operation acquired the previous year. This is part of Redwood's roll-up strategy, having acquired 35 companies in four years.

“The PE-backed home-services company bought Aaron Rice’s business in 2022 and merged it with Rite Way, a larger Tucson-based HVAC operation that Redwood acquired the year before.”

Signals are extracted from public coverage and print archives and pinned to a verbatim quote, presented as reported by their sources; naming a company in a signal is not an accusation against it. The verified mark denotes a high-confidence, corroborated signal. See our methodology and legal notes.