Every PE/M&A signal we can find, concrete deals and the broader market mood, each pinned to a
verbatim quote from its source. 583 signals in the record.
Signals are reports drawn from public coverage and print archives, presented as reported by their
sources. Naming a company in a signal is not an accusation against it. See our methodology and legal notes.
Flow Service Partners, backed by Quad-C Management, acquired Altman Air Conditioning to complement its existing Florida business. Altman is a commercial HVAC and mechanical services provider founded in 1985.
“Flow Service Partners, backed by Quad-C Management, acquired Altman Air Conditioning, a commercial HVAC and mechanical services provider founded in 1985, complementing its existing Florida business.”
Service Experts East Bay, a local HVAC and plumbing provider since 1973, has joined the national Service Experts network.
“Service Experts East Bay is thrilled to join the Service Experts family, combining over 50 years of local experience with a trusted national brand serving communities since 1996.”
Service Logic acquired CustomAir, a mechanical service provider in British Columbia, Canada, from private equity firm CAI Capital Partners. This marks Service Logic's first transaction in Canada and its fourth in the business services sector.
“On July 14, 2026, Service Logic acquired business services company CustomAir from CAI Capital Partners”
Nordic Climate Group has acquired Northern Refrigeration Services, a Donegal-based specialist in refrigeration and heat pumps. The target will continue to operate under its existing brand and leadership as part of the Nordic Climate Group.
“IRELAND: Nordic Climate continues to grow in Ireland through the acquisition of Northern Refrigeration Services, a Donegal-based specialist in refrigeration, heat pumps and heating solutions.”
Nordic Climate continues its expansion in Ireland by acquiring Northern Refrigeration Services, a Donegal-based specialist in refrigeration, heat pumps, and heating solutions.
“IRELAND: Nordic Climate continues to grow in Ireland through the acquisition of Northern Refrigeration Services, a Donegal-based specialist in refrigeration, heat pumps and heating solutions.”
“Redwood Services... today announced its partnership with Hendrick Heat, Air & Plumbing, a leading residential HVAC and plumbing provider based in Tulsa, Oklahoma.”
Sila Services / Davis Heating and Air Conditioning Company
“Sila Services, LLC, a leading home services platform, today announced its expansion into Western Virginia through the acquisition of Davis Heating and Air Conditioning Company”
The text notes that this new acquisition follows Caverion Denmark's previous acquisition of GK Danmark's service business, indicating a pattern of roll-up activity in the region.
“The acquisition follows Caverion Denmark's acquisition of GK Danmark's service business and is another important step in the development of Caverion's technical service business in Denmark”
The acquisition of BS Sikring og Elteknik is described as a follow-up to Caverion Denmark's recent acquisition of GK Danmark's service business, representing a continued strategy of targeted strengthening in the security area within Denmark.
“The acquisition follows Caverion Denmark's acquisition of GK Danmark's service business and is another important step in the development of Caverion's technical service business in Denmark, including a targeted strengthening of the security area:”
Prior to the MSS acquisition, PremiStar completed add-on acquisitions of Air Temp Holding and Armistead Mechanical, among dozens of other tuck-in deals, as part of its aggressive buy-and-build strategy.
“Prior add-ons include Air Temp Holding and Armistead Mechanical, among dozens of others.”
Exigent, a mechanical services platform backed by Huron Capital, acquired Superior Building Services, an Ohio-based provider of boiler, chiller, and HVAC service and retrofit work. This is Exigent's eighth acquisition since Huron Capital launched the platform in 2022, deepening its presence in the Columbus area.
“Exigent, a mechanical services platform backed by Huron Capital, acquired Superior Building Services.”
Alpine’s Apex Service Partners did roughly 60 bolt-on acquisitions in a single year before taking a $2 billion Apollo investment at about a $10 billion valuation.
“Alpine’s Apex Service Partners did roughly 60 bolt-on acquisitions in a single year before taking a $2 billion Apollo investment at about a $10 billion valuation.”
Alpine Investors' Apex Service Partners completed roughly 60 bolt-on acquisitions in a single year before taking a $2 billion investment from Apollo at about a $10 billion valuation.
“Alpine’s Apex Service Partners did roughly 60 bolt-on acquisitions in a single year before taking a $2 billion Apollo investment at about a $10 billion valuation.³”
Action Air, a NexCore partner, completed a tuck-in acquisition of Air Comfort Systems in Southern New England.
“Action Air Systems, LLC (“Action Air”), a leading provider of commercial HVAC services in Southern New England, is pleased to announce the successful tuck-in acquisition”
Foundral, a PE-backed platform of mechanical contracting firms, has acquired A. Hattersley & Sons. The deal adds a Midwest-based firm specializing in HVAC and piping systems to Foundral's portfolio, strengthening its national presence.
“Foundral acquires A. Hattersley & Sons, expanding mechanical services platform”
Aramendia Plumbing, Heating and Air is part of the Service Experts family, indicating an acquisition or roll-up into the national platform.
“Aramendia Plumbing, Heating and Air is proud to be part of the Service Experts family, uniting 36 years of local expertise with a trusted national brand that has been serving communities since 1996.”
Aramendia Plumbing, Heating and Air is part of the Service Experts family, indicating an acquisition or roll-up into the national platform.
“Aramendia Plumbing, Heating and Air is proud to be part of the Service Experts family, uniting 36 years of local expertise with a trusted national brand that has been serving communities since 1996.”
Hays Cooling and Heating is now operating as Service Experts Tempe, indicating an acquisition or rebranding of a local HVAC/plumbing firm.
“Service Experts Tempe is proud to join the Service Experts family, combining 30+ years of local expertise with a trusted national brand serving communities since 1996.”
Service Experts Tempe joined the Service Experts family, leveraging 30+ years of local expertise under a national brand structure.
“Service Experts Tempe is proud to join the Service Experts family, combining 30+ years of local expertise with a trusted national brand serving communities since 1996.”
Customer review confirms Aire Serv recently bought a local HVAC business from its previous owner and honored existing warranties.
“Aire Serv had recently bought the company from the previous owner but they honored the warranty with no problem. Very happy with the service from Hunter and the new Aire Serv company.”
Duquette Refrigeration has fully transitioned to the CoolSys brand, indicating an acquisition or rebranding within the CoolSys platform.
“Duquette Refrigeration has fully transitioned to the CoolSys brand. While our name and logo have changed, our unwavering commitment to excellent customer service”
Redwood Services acquired the Sierra Platform, adding five partner companies, ~400 employees, and a customer base of more than 40,000 households annually across Nevada, Arizona, Idaho, and Colorado.
“the transaction adds five partner companies, approximately 400 full-time employees, and a customer base serving more than 40,000 households annually. The Sierra Platform operates across Nevada, Arizona, Idaho, and Colorado, with headquarters in Las Vegas.”
Grizzly MEP acquired Stegall Mechanical, an Alabama-based contractor founded in 1957, operating an integrated plumbing, HVAC, and electrical business serving industrial, healthcare, education, and hospitality customers across Alabama and the broader Southeast.
“Grizzly MEP acquired Stegall Mechanical, an Alabama-based contractor founded in 1957.”
Kansas City-based residential HVAC company Flint Group acquired Air Around the Clock, a nearly 40-year-old HVAC and plumbing provider based in South Florida, serving Miami-Dade, Broward, and Palm Beach counties.
“Flint Group acquired Air Around the Clock, a nearly 40-year-old HVAC and plumbing provider based in South Florida.”
The acquisition of McCarl's Services is the third add-on for United Building Solutions since its formation as a national commercial HVAC services platform by AE Industrial Partners. This reflects ongoing consolidation in the commercial HVAC sector.
“The transaction is UBS’ third add-on acquisition following its establishment as a national commercial HVAC services platform by”
Air Engineers of Jacksonville joined the Service Experts family, combining local expertise with national brand support.
“Service Experts Jacksonville is pleased to join the Service Experts family, combining over 60 years of local expertise with a trusted national brand serving communities since 1996.”
In April 2026, HFI acquired Eco Friendly Mechanical, a Bloomington HVAC and plumbing contractor, as its first bolt-on acquisition under New State Capital Partners' ownership. This marks the beginning of the platform's consolidation run.
“In April 2026, HFI acquired Eco Friendly Mechanical — a Bloomington HVAC and plumbing contractor — as its first bolt-on.”
