Every PE/M&A signal we can find, concrete deals and the broader market mood, each pinned to a verbatim quote from its source. 1670 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.
1,577 dated signals shown · 93 undated (excluded from the chart).
Imperial Capital signaled Frontier would continue expanding through acquisitions and partnerships, framing the Haley deal as 'just the beginning' of the platform's roll-up.
“Frontier will continue to expand through acquisitions and partnerships while maintaining a focus on best-in-class service.”
Frontier Service Partners appointed Tim O'Reilly, formerly CFO of Del-Air Heating and Air Conditioning, as founding chief financial officer.
“Frontier Service Partners announced its partnership with Tim O’Reilly as founding chief financial officer.”
Frontier Service Partners appointed Dean Fulton, a 30-year HVAC/plumbing veteran formerly of Hiller and Service Experts, as founding CEO.
“Frontier Service Partners announced its partnership with Dean Fulton as founding CEO.”
Frontier's CEO stated intent to invest heavily in Michigan and continue expanding through acquisitions and partnerships to build a multi-regional home services company.
“We intend to invest heavily in Michigan, where Haley Mechanical currently operates, as we build a multi-regional home services company.”
Frontier Service Partners, the Imperial Capital-backed platform, acquired Haley Mechanical, a residential HVAC company in the Ann Arbor, Michigan area, as its first add-on. Founder Henry Haley stays on as general manager and shareholder.
“Frontier Service Partners acquired Haley Mechanical.”
Imperial Capital Group Ltd. launched Frontier Service Partners as a residential HVAC, plumbing, and electrical services roll-up platform pursuing a Back/Buy/Build strategy.
“NASHIVLLE, Tenn. — Imperial Capital Group Ltd. announced the launch of Frontier Service Partners.”
Bonney Plumbing, Electrical, Heating and Air acquired Big Air Heating & Air Conditioning to expand into Contra Costa County and the San Francisco Bay Area. Big Air will continue operating under its own brand with operational support from Bonney.
“Bonney Plumbing, Electrical, Heating and Air (Bonney), a Rancho Cordova-based home services company, acquired Concord-based Big Air Heating & Air Conditioning to expand its service territory into Contra Costa County and the San Francisco Bay Area.”
Bonney Plumbing, a Sacramento-based home service company, is expanding into the Bay Area by acquiring Big Air Heating & Air Conditioning.
“One of the Sacramento region's best-known home service companies has extended the figurative reach of its toilet plunger into the Bay Area.”
Bonney Plumbing, Electrical, Heating and Air announced the acquisition of Concord-based Big Air Heating & Air Conditioning. This move expands Bonney's service capabilities in the Sacramento area.
“Rancho Cordova-based Bonney Plumbing, Electrical, Heating and Air announced Thursday that it's acquired Big Air Heating & Air Conditioning, a Concord-based company providing similar services.”
Bonney stated it plans to invest in several founder-owned companies over the next two years to build a regional leader in home services, indicating an ongoing consolidation or roll-up strategy.
“Bonney plans to invest in several founder-owned companies over the next two years to build a regional leader in home services. M&A Business Advisors, Silicon Valley served as sell-side advisor to Big Air.”
Bonney intends to invest in several other founder-owned companies over the next two years to establish itself as a regional leader in home services.
“Bonney plans to invest in several founder-owned companies over the next two years to build a regional leader in home services.”
The partnership with Big Air allows Bonney to expand its operations from eight counties in the Greater Sacramento region to include Contra Costa County in the Bay Area.
“The partnership with Big Air expands Bonney’s territory currently covering eight counties in and around the Greater Sacramento region to Contra Costa County in the Bay Area.”
Bonney, a Sacramento-based home services company, announced the acquisition of Concord-based HVAC firm Big Air. The deal expands Bonney's service territory into Contra Costa County in the Bay Area.
“Bonney Plumbing, Electrical, Heating and Air (Bonney), a home services company headquartered in Rancho Cordova, CA, announced it has acquired the award-winning HVAC company, Big Air Heating & Air Conditioning (Big Air), based in Concord, CA.”
Bonney announced the acquisition of Big Air Heating & Air Conditioning to expand its service territory into Contra Costa County. The deal is part of Bonney's strategy to invest in founder-owned companies to build a regional leader in home services.
“Bonney Plumbing, Electrical, Heating and Air Announces the Acquisition of Big Air Heating & Air Conditioning September 8, 2021 Sacramento, CA – ( The partnership with Big Air expands Bonney’s territory currently covering eight counties in and around the Greater Sacramento region to Contra Costa County in the Bay Area.”
SEER Group CEO framed the Columbia NW acquisition as reinforcing commitment to growing its Oregon footprint while supporting a national growth plan, signaling ongoing roll-up consolidation.
“This acquisition reinforces our commitment to growing our footprint in Oregon while supporting our national growth plan.”
The SEER Group LLC announced its sixteenth acquisition, Columbia NW Heating & Air Conditioning, its third acquisition in Oregon after Specialty Heating & Cooling and Climate Control in 2019.
“The SEER Group LLC announced its sixteenth acquisition, Columbia NW Heating & Air Conditioning. This is the third acquisition for The SEER Group LLC in Oregon after its acquisition of Specialty Heating & Cooling and Climate Control in 2019.”
The SEER Group framed the Columbia NW deal (its 16th) as part of a broader national growth plan while expanding its Oregon footprint.
“This acquisition reinforces our commitment to growing our footprint in Oregon while supporting our national growth plan.”
The SEER Group LLC announced its sixteenth acquisition, Columbia NW Heating & Air Conditioning, its third acquisition in Oregon, reinforcing its Oregon footprint and national growth plan.
“The SEER Group LLC announced its sixteenth acquisition, Columbia NW Heating & Air Conditioning. This is the third acquisition for The SEER Group LLC in Oregon after its acquisition of Specialty Heating & Cooling and Climate Control in 2019.”
Less than a week after the Peak Rock financing, Air Pros acquired Hansen Heating and Air, an acquisition that doubled the company's footprint.
“The Hansen Heating and Air acquisition, announced less than a week after the Peak Rock financing, doubled the company's footprint.”
Peak Rock Capital provided strategic growth financing to Air Pros in September 2021 to support additional acquisitions and market expansion, marking the platform's PE-backed roll-up phase.
“Peak Rock Capital, a middle-market private investment firm, provided strategic growth financing in September 2021. This capital was intended to support additional acquisitions and market expansion.”
With the acquisition of T&O Refrigeration, CoolSys expands its market presence throughout the Southeast, significantly increasing market share in Georgia and Nashville, Tennessee.
“With this acquisition, CoolSys expands its market presence throughout the Southeast with significantly increased market share in Georgia and Nashville, Tennessee.”
Related-article links show CoolSys executing a string of refrigeration services acquisitions (T&O, Triangle Refrigeration, Duquette Refrigeration), indicating an ongoing roll-up of independent refrigeration contractors.
“## CoolSys Acquires Triangle Refrigeration”
CoolSys, a national refrigeration and HVAC service provider, acquired T&O Refrigeration, a Southeast market leader, expanding its national footprint.
“CoolSys announced it has acquired T&O Refrigeration.”
The new CEO thanks PE sponsor Gryphon Investors for supporting continued growth across Canada, evidencing an ongoing PE-backed HVAC consolidation play.
“Thank you to our partners at Gryphon Investors for their tremendous support and encouragement as we continue the phenomenal growth throughout Canada.”
Right Time Group of Companies has a new CEO, Craig Goettler, who led the Anchor Home Comfort acquisition as his first deal at the PE-backed (Gryphon Investors) consolidator.
“Anchor Home Comfort is the ninth acquisition completed by Right Time and the first led by the company’s new CEO, Craig Goettler.”
Right Time Group of Companies acquired Anchor Home Comfort, its ninth acquisition and the first led by new CEO Craig Goettler. The CEO credits PE sponsor Gryphon Investors for supporting the Canada-wide growth.
“Anchor Home Comfort is the ninth acquisition completed by Right Time and the first led by the company’s new CEO, Craig Goettler.”
Anchor Home Comfort is the first acquisition led by Right Time's new CEO, Craig Goettler.
“the first led by the company’s new CEO, Craig Goettler”
Anchor Home Comfort is the ninth acquisition completed by Right Time, reflecting an ongoing PE-backed national HVAC consolidation across Canada under Gryphon Investors.
“Anchor Home Comfort is the ninth acquisition completed by Right Time and the first led by the company’s new CEO, Craig Goettler.”
Gryphon Investors-backed Right Time Group of Companies acquired Anchor Home Comfort, its ninth acquisition and first under new CEO Craig Goettler, continuing its Canadian HVAC roll-up.
“Right Time Group of Companies announced the acquisition of Anchor Home Comfort. Terms of the transaction were not disclosed.”
Wrench Group's CEO said the Boothe's acquisition marks the group's first move into the mid-Atlantic region.
“Their track record of growth is a perfect match for Wrench Group as we move into the mid-Atlantic for the first time.”
Wrench Group LLC announced that Boothe's Heating, Air & Plumbing joined its family of regional brands, marking Wrench Group's first move into the mid-Atlantic. Terms were not disclosed.
“Wrench Group LLC announced that Boothe’s Heating, Air & Plumbing has joined the company’s family of regional brands. Terms of the transaction were not disclosed.”
The Boothe's acquisition marks Wrench Group's first move into the mid-Atlantic region as part of its regional brand roll-up.
“Their track record of growth is a perfect match for Wrench Group as we move into the mid-Atlantic for the first time.”
Wrench Group LLC acquired Boothe's Heating, Air & Plumbing, marking Wrench's first expansion into the mid-Atlantic. Terms were not disclosed.
“Wrench Group LLC announced that Boothe’s Heating, Air & Plumbing has joined the company’s family of regional brands. Terms of the transaction were not disclosed.”
Right Time acquired Romaniuk Heating and Air Conditioning in April, which was the sixth acquisition completed by Right Time in its national HVAC roll-up.
“In April Right Time acquired Romaniuk Heating and Air Conditioning. Romaniuk was the sixth acquisition completed by Right Time which is focused on developing a national brand through acquisitions or partnerships with existing residential HVAC replacement contractors.”
The Anchor Home Comfort deal is the first acquisition led by Right Time's new CEO Craig Goettler, who has 15 years of residential HVAC experience.
“Anchor Home Comfort is the ninth acquisition completed by Right Time and the first led by new CEO Craig Goettler who has 15 years of experience in the residential HVAC market.”
Anchor Home Comfort is Right Time's ninth acquisition, part of a strategy to build a national brand through acquisitions of residential HVAC replacement contractors. Prior deals cited include Romaniuk, AtlasCare, and Comfort Masters.
“Anchor Home Comfort is the ninth acquisition completed by Right Time and the first led by new CEO Craig Goettler who has 15 years of experience in the residential HVAC market.”
Right Time, the Gryphon Investors-backed Canadian HVAC roll-up, acquired Ottawa-based residential HVAC contractor Anchor Home Comfort. It is the ninth acquisition completed by Right Time and the first under new CEO Craig Goettler.
“Right Time has announced the purchase of Anchor Home Comfort.”
RPM International Inc. announced that its Tremco Construction Products Group has acquired Pure Air Control Services, Inc., a Florida-based provider of indoor air quality solutions with approximately $10 million in annual net sales.
“RPM International Inc., announces that its Tremco Construction Products Group has acquired Pure Air Control Services, Inc., a provider of indoor air quality solutions.”
Right Time Group of Companies acquired Haven Home ClimateCare (now Haven Home), its eighth acquisition. Management and employees join Right Time; terms undisclosed.
“Right Time Group of Companies announced the acquisition of Haven Home ClimateCare, which now operates as Haven Home. Management and employees of Haven Home will join the Right Time team. Terms of the transaction were not disclosed. Haven Home is the eighth acquisition completed by Right Time.”
The seller frames the deal as joining Right Time's pattern of integrating strong local HVAC companies into a national brand, evidencing an ongoing consolidation roll-up strategy.
“They have a great track record of integrating strong local companies into their national brand and delivering best-in-class customer service.”
Right Time Group of Companies acquired Haven Home ClimateCare, now operating as Haven Home, its eighth completed acquisition. This is a tuck-in into Right Time's national HVAC platform; terms were not disclosed.
“Right Time Group of Companies announced the acquisition of Haven Home ClimateCare, which now operates as Haven Home. Management and employees of Haven Home will join the Right Time team. Terms of the transaction were not disclosed. Haven Home is the eighth acquisition completed by Right Time.”
Since Huron Capital partnered with Dan Bueschel in 2017 to acquire Pueblo, the platform has completed seven acquisitions pursuing a buy-and-build strategy in commercial HVAC and plumbing in the US Sun Belt.
“Pueblo has completed seven acquisitions since Huron Capital partnered with Bueschel in 2017 to acquire Pueblo and pursue an ExecFactor buy-and-build strategy in the commercial HVAC and plumbing market in the Sun Belt region of the United States.”
Huron Capital's HVAC and plumbing services platform Pueblo Mechanical & Controls acquired Infinity Contractors, expanding into the Texas market. It is Pueblo's seventh acquisition since Huron Capital partnered with CEO Dan Bueschel in 2017 under an ExecFactor buy-and-build strategy.
“Huron Capital Partners announced that its HVAC and plumbing installation, retrofit, and repair services platform, Pueblo Mechanical & Controls, has acquired Infinity Contractors.”
Huron Capital partnered with CEO Dan Bueschel in 2017 to acquire Pueblo and pursue an ExecFactor buy-and-build strategy in commercial HVAC and plumbing in the Sun Belt; Pueblo has completed seven acquisitions since.
“Pueblo has completed seven acquisitions since Huron Capital partnered with Bueschel in 2017 to acquire Pueblo and pursue an ExecFactor buy-and-build strategy in the commercial HVAC and plumbing market in the Sun Belt region of the United States.”
Huron Capital Partners' commercial HVAC/plumbing platform Pueblo Mechanical & Controls acquired Infinity Contractors, expanding into the Texas market. It is Pueblo's seventh acquisition since Huron's 2017 ExecFactor buy-and-build investment.
“Huron Capital Partners announced that its HVAC and plumbing installation, retrofit, and repair services platform, Pueblo Mechanical & Controls, has acquired Infinity Contractors.”
The SEER Group CEO described continued acquisition activity toward building a national footprint, with the Western deal being its fifteenth acquisition.
“he will continue leading the Western team and expanding the Western brand as our group continues moving towards a national footprint.”
The SEER Group LLC announced its fifteenth acquisition, taking a majority stake in Western Heating & Air Conditioning, marking its first investment in the Boise, Idaho market as it moves toward a national footprint.
“The SEER Group LLC announced its fifteenth acquisition, a majority stake in Western Heating & Air Conditioning. This is the first investment for The SEER Group LLC in the Boise, Idaho, market.”
CEO Darrin Erdahl framed the Western acquisition as part of The SEER Group's move toward a national footprint, retaining the seller as a partner to expand the brand.
“he will continue leading the Western team and expanding the Western brand as our group continues moving towards a national footprint.”
The SEER Group LLC acquired a majority stake in Western Heating & Air Conditioning, its fifteenth acquisition and first investment in the Boise, Idaho market, as it moves toward a national footprint.
“The SEER Group LLC announced its fifteenth acquisition, a majority stake in Western Heating & Air Conditioning. This is the first investment for The SEER Group LLC in the Boise, Idaho, market.”
American Residential Services (ARS/Rescue Rooter) acquired Total Comfort LLC on July 1, 2021, expanding its residential and commercial HVAC and plumbing presence in Northern Virginia.
“American Residential Services (ARS/Rescue Rooter) announced that on July 1, 2021, it acquired Total Comfort LLC.”