Add-on acquisition Dec 2022 · Sudbury, Ontario, Canada Verified
Right Time Group acquires Northern Air & Mechanical Systems (669-Heat)
Gryphon Investors-backed Right Time Group acquired Sudbury-based Northern Air & Mechanical Systems (669-Heat), its 15th acquisition, bringing the residential HVAC and home-services rollup to 22 locations across five provinces.
“This marks the 15th acquisition completed by Ontario-based Right Time which is majority-owned by San Francisco-based Gryphon Investors. The group continues to add residential HVAC and home services locations to its network, now with 22 locations across Ontario, Manitoba, Saskatchewan, Alberta, and British Columbia.”
Entities
Gryphon Investors · Sponsor Right Time Group of Companies · Acquirer Northern Air & Mechanical Systems · Target
HVAC
Source: HPAC Engineering, Dec 2022, p.10 (OCR)
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