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Deal announced Apr 2025 · Madison, Wisconsin Verified

Redwood Services partners with Cardinal Heating, Cooling, Plumbing, & Electric

Redwood Services has partnered with Cardinal Heating, Cooling, Plumbing, & Electric, marking Redwood’s 18th platform investment. The Ouimette family will retain a significant minority stake while Cardinal continues under its existing brand with Redwood providing operational and financial support to accelerate growth in the Madison, Wisconsin market.

“Redwood Services has partnered with Cardinal Heating, Cooling, Plumbing, & Electric, marking Redwood’s 18th platform investment. The Ouimette family (founders/owners) will retain a significant minority stake while Cardinal’s team continues to operate under its existing brand as Redwood provides operational and financial support to accelerate growth in the Madison, Wisconsin market.”

Entities

Redwood Services · Acquirer Cardinal Heating, Cooling, Plumbing, & Electric · Target
ElectricalHVACPlumbing Sentiment: Neutral

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