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.
Edgewater Funds' portfolio company P1 Service Group has acquired Essig Plumbing & Heating, a residential HVAC and plumbing services provider based in Reading, Pennsylvania. This acquisition expands P1's platform reach into the Mid-Atlantic region. Essig's owner, Steve Essig, will continue to lead day-to-day operations and become a shareholder in the combined organization.
“Edgewater Growth Capital Partners IV, L.P. (“Edgewater”) is pleased to announce that its portfolio company P1 Service Group (“P1”) has acquired Essig Plumbing & Heating (“Essig” or the “Company”), a Reading, Pennsylvania-based, residential heating, ventilation, air-conditioning (“HVAC”) and plumbing services provider that expands the platform’s reach to the Mid-Atlantic region.”
Apex Service Partners is highlighted as a buy-and-build company that consolidates HVAC businesses to create a larger regional or national entity.
“Apex Service Partners is another buy-and-build company that consolidates HVAC businesses to create a larger regional or national entity.”
Wrench Group is cited as an example of a residential HVAC, plumbing, and electrical services platform formed through private equity backing from firms including Oak Hill Capital and Leonard Green & Partners.
“For example, Wrench Group is a residential HVAC, plumbing, and electrical services platform backed by several private equity firms, such as Oak Hill Capital and Leonard Green & Partners.”
Private equity firm Dubin Clark purchased Sila and Jones, forming the platform that later became Sila Services, which has been bought and sold between PE firms for the past decade.
“This has been the case for years now, going back to 2020 when Dubin Clark (another private equity firm who already owned Astar) purchased Sila and Jones.”
Gold Medal Service, a PE-backed platform, acquired Design Air in Hillburn as part of a broader East Coast roll-up of smaller HVAC companies.
“Gold Medal is in a similar situation. They took over Design Air in Hillburn. Apparently they are buying up smaller HVAC companies up and down the East Coast.”
Sila Services acquired JSP Home Services, an HVAC company based in Kingston, Ulster County.
“JSP Home Services - Kingston, Ulster County”
Sila Services acquired Jones Services, an HVAC company based in Goshen, Orange County.
“Jones Services - Goshen, Orange County”
Sila Services acquired Essential Power Systems, a Generac maintenance provider based in Lagrangeville, Dutchess County.
“Essential Power Systems - Lagrangeville, Dutchess County”
Sila Services acquired ASTAR, an HVAC company based in Middletown, Orange County, as part of its roll-up strategy.
“ASTAR - Middletown, Orange County”
Goldman Sachs Alternatives' Private Equity Business acquired a majority stake in Sila Services, a home services roll-up platform, from Morgan Stanley Capital Partners.
“So I just learned that last year, Goldman Sachs Alternatives' Private Equity Business acquired a majority stake in Sila Services. Previously, Morgan Stanley Capital Partners had a majority state.”
A related-article headline indicates Sila Services acquired Park Ridge Unique Indoor Comfort, signaling further PE-backed home-services consolidation around the Unique brand.
“Sila Services Acquires Park Ridge Unique Indoor Comfort”
Southern continues to acquire home service companies; 12 of its past 13 acquisitions were already using ServiceTitan, indicating ongoing add-on activity.
“the company doesn’t specifically target companies that use ServiceTitan, but notes that 12 of its past 13 acquisitions were already using the platform.”
HVAC
www.servicetitan.com Southern Home Services has grown to 27 locations, with 20 of those acquired in the past four years, illustrating an active roll-up.
“He’s had a front-row seat as Southern has expanded to 27 locations – 20 acquired in the past four years.”
HVAC
www.servicetitan.com Southern Home Services is described as a PE-backed contracting consolidator that acquires and operates home service companies, headquartered in Maitland, Florida.
“Southern Home Services](https://www.southernhomeservices.com/), a fast-growing contracting company headquartered in Maitland, Florida, that uses private equity to acquire and operate successful home service companies.”
HVACPlumbing
www.servicetitan.com Sila Services, a national home-services platform, acquired Oxford Plumbing & Heating, a residential provider, continuing its expansion in Eastern Pennsylvania.
“Sila Services, LLC, a leading national home services platform, is proud to announce the acquisition of Oxford Plumbing & Heating, a trusted provider of residential”
The CRM acquisition is the third undertaken by CoolSys under Audax Private Equity ownership and the second in the year, evidencing an active PE-backed acquisition cadence.
“This acquisition is the third undertaken by CoolSys under its ownership by Audax Private Equity, and the second this year.”
CoolSys, backed by Audax Private Equity, acquired Madison, Wisconsin-based Certified Refrigeration and Mechanical (CRM) and its ten branch locations, entering the Wisconsin region for the first time as part of its 'Buy and Build' roll-up strategy.
“CoolSys announced it has acquired Certified Refrigeration and Mechanical, Inc. (“CRM”), a Madison, Wisconsin-based refrigeration services company.”
Related articles list multiple home-services roll-up acquisitions: Service Champions Group acquiring M&M, Southern Home Services acquiring AirPlus, and Bonney acquiring Big Air, indicating broad consolidation activity in residential HVAC/plumbing/electrical.
“## Southern Home Services Acquires AirPlus Heating, Cooling, Plumbing & Electrical”
A Redwood Services representative describes the company's model of bringing partner companies and their HR leaders together, investing in and growing people across acquired home-service businesses, characteristic of a PE-backed multi-trade roll-up platform.
“recently, back in the summer, we brought many of our partners together and their HR leaders and into something that we called a people planning workshop.”
Bergmann names a few PE-backed HVAC operators he views positively - Jackson Comfort Systems and Chad Simpson - stating both are owned by Sila (transcribed 'Sela') and are investing in training, systems, and tools.
“I mean, we're working with Jackson Comfort Systems and Chad Simpson. I mean, both those are owned by Sela”
