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Consolidation trend May 2014 Verified

Strategy for acquisitions in fragmented HVAC industry

ARS leadership stated their strategy involves continuing acquisitions in the highly fragmented home services industry, leveraging new capital from Charlesbank to accelerate growth and improve branch operations.

“Today, we are well-positioned to invest in our branches, provide outstanding customer service, and continue our strategy of acquisitions in this highly fragmented industry, while benefiting from Charlesbank's support as we continue to build the business”

Entities

Charlesbank Capital Partners · Sponsor American Residential Services · Platform
HVACPlumbing Sentiment: Positive

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.