Second platform-buys-platform transaction in residential home services

The acquisition marks the second instance of a platform buying another platform in the residential HVAC, plumbing, and electrical sector, following a similar move by Apex Service Partners. Sources suggest this deal could serve as a springboard for similar transactions going forward.

“Monday’s deal marks just the second platform-buys-platform transaction among today’s residential HVAC, plumbing, and electrical platforms, following Apex Service Partners’ It’s also the larger of the two from an acquired-EBITDA standpoint, as Frontier counted roughly $15 million of EBITDA at the time, according to two people with knowledge of the transaction. The deal could serve as a springboard for similar transactions going forward, sources say.”

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