Every PE/M&A signal we can find, concrete deals and the broader market mood, each pinned to a
verbatim quote from its source. 1148 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.
Signal volume over time
1,106 dated signals shown · 42 undated (excluded from the chart).
Strikepoint Group Holdings, a home-services rollup formerly known as Horizon Group Holdings, acquired Jacksonville-based residential HVAC/IAQ company Air McCall Inc.
“Strikepoint Group Holdings (SGH), formerly Horizon Group Holdings, a home services company, announced that it has recently acquired Air McCall Inc., a residential air conditioning and indoor air quality company serving customers throughout Florida’s Jacksonville communities.”
The Dunn deal is the 16th acquisition completed by Right Time as it executes its growth strategy of adding residential HVAC and home-services locations across Canada.
“Dunn Heating and Air Conditioning is the 16th acquisition completed by Right Time as it continues to execute its growth strategy.”
The article identifies Gryphon Investors, a middle-market PE firm, as majority owner of Right Time, which continuously seeks to add residential HVAC and home-services locations across Canada.
“Right Time is majority-owned by Gryphon Investors, a middle-market private equity firm.”
Right Time Group of Companies, majority-owned by Gryphon Investors, acquired Waterloo, Ontario-based Dunn Heating ClimateCare—its 16th acquisition—continuing its Canadian residential HVAC roll-up.
“Right Time Group of Companies announced the acquisition of Waterloo-based Dunn Heating ClimateCare, which now operates as Dunn Heating and Air Conditioning.”
As part of its growth strategy, Air Pros built out a professional management team, with founder Anthony Perera stepping down as president in favor of Robert DiPietro, former managing director of HomeServe USA.
“Perera has also stepped down from his role of president and welcomed Robert DiPietro, former managing director of HomeServe USA, in his place.”
Air Pros USA completed eight acquisitions during 2022 as part of its rapid roll-up growth, reaching roughly 1,000 employees and just over $200 million in revenue.
“In 2022, Air Pros acquired eight businesses, the last one announced in early December, which Perera said was a “pretty big one.””
Air Pros USA raised $50 million from Peak Rock Capital of Austin, Texas to fund further acquisitions; the article notes Air Pros remained one of the few privately held, non-equity-sponsored HVAC platforms.
“He added that a year and a half ago, the company had raised $50 million from Peak Rock Capital in Austin, Texas to grow the business through more acquisitions.”
The article identifies Right Time's PE sponsor (Gryphon Investors) and states the platform is continuously looking to add residential HVAC and home-services locations to its Canadian network.
“Right Time is continuously looking to add new residential HVAC and home services locations to its existing network in Canada. Right Time is majority-owned by Gryphon Investors, a middle-market private equity firm.”
Right Time describes ongoing execution of its growth strategy, with Dunn marking its 16th completed acquisition and continued appetite for new residential HVAC and home-services locations across Canada.
“Dunn Heating and Air Conditioning is the 16th acquisition completed by Right Time as it continues to execute its growth strategy.”
Right Time Group of Companies, majority-owned by PE firm Gryphon Investors, acquired Ontario-based Dunn Heating ClimateCare, its 16th acquisition as it executes a residential HVAC roll-up strategy.
“Right Time Group of Companies announced the acquisition of Waterloo-based Dunn Heating ClimateCare, which now operates as Dunn Heating and Air Conditioning.”
As part of its growth, Air Pros added a professional management team, with founder Perera stepping down as president and Robert DiPietro, former HomeServe USA managing director, taking the role.
“Perera has also stepped down from his role of president and welcomed Robert DiPietro, former managing director of HomeServe USA, in his place.”
Air Pros USA acquired eight businesses in 2022, growing to roughly 1,000 employees and over $200 million revenue, illustrating rapid HVAC roll-up consolidation.
“In 2022, Air Pros acquired eight businesses, the last one announced in early December, which Perera said was a “pretty big one.” The company now has roughly 1,000 employees and generates just over $200 million in revenue, he said.”
Air Pros USA founder Anthony Perera said the company raised $50 million from Peak Rock Capital in Austin to fund acquisitions, while emphasizing it remained largely founder-controlled and non-equity-sponsored.
“the company had raised $50 million from Peak Rock Capital in Austin, Texas to grow the business through more acquisitions.”
Air Pros USA describes its national scale: nearly 600 vehicles, 1000+ technicians/staff, ~700,000 customers, operating in eight states and more than a dozen metro areas, signaling an ongoing platform roll-up.
“Nationally, Air Pros USA has nearly 600 vehicles, over 1000 technicians and staff, and has grown a customer base to nearly 700,000. Air Pros USA operates in eight states and more than a dozen metro areas including Miami, Orlando, Dallas, Atlanta, Colorado Springs, Mobile, and Seattle”
Air Pros USA acquired ECM Air Conditioning, a family-owned HVAC, plumbing, and electric company in South Florida, integrating it as a platform add-on while keeping ECM as the flagship local brand.
“Air Pros USA announced the acquisition of East Coast Mechanical (ECM Air Conditioning), a family-owned air conditioning, plumbing, and electric company in South Florida. This acquisition strengthens Air Pros USA as a home services business in the Florida market.”
Air Pros USA operates a national platform with nearly 600 vehicles, over 1000 staff, ~700,000 customers, across eight states and more than a dozen metros, integrating acquired brands.
“Nationally, Air Pros USA has nearly 600 vehicles, over 1000 technicians and staff, and has grown a customer base to nearly 700,000. Air Pros USA operates in eight states and more than a dozen metro areas”
Air Pros USA acquired South Florida family-owned HVAC, plumbing, and electric company East Coast Mechanical (ECM Air Conditioning), its largest acquisition in its South Florida home market.
“Air Pros USA announced the acquisition of East Coast Mechanical (ECM Air Conditioning), a family-owned air conditioning, plumbing, and electric company in South Florida.”
The combined Coolray/Parker & Sons/Abacus group was sold to New York PE firm Investcorp in March 2016; Haines was appointed CEO in July 2016, describing it as the beginning of private equity in the space.
“So we sold it to a PE firm called Invest Corp based in New York in March of 2016. And they appointed me CEO in July of 16.”
Around late 2015 Ken Haines combined his Coolray business with Paul Kelly's Parker and Sons and Alan O'Neill's Abacus (Houston), hired a banker, and presented the group to private equity.
“To jump ahead, around late 2015, a friend of mine, Paul Kelly, who owned a company called Parker and Sons, Alan O 'Neill at Abacus in Houston. We came together and packaged the business up.”
Goettl announced a leadership reshuffle: president Jake Gress is being promoted to CEO, current CEO Ken Goodrich will continue as chairman, and John Landefeld was named CFO.
“Goettl Air Conditioning & Plumbing president Jake Gress is being promoted to CEO, current CEO Ken Goodrich will continue as chairman, and John Landefeld was recently named the company's CFO.”
The two acquisitions extend Goettl's footprint to a fifth Southern California branch and signal its entry into the Reno/Northern Nevada market under its 'Goettlize the Nation' strategy.
“Both are a part of Goettl’s “Goettlize the Nation” strategy and will serve as significant additions to Goettl’s market presence.”
Goettl Air Conditioning & Plumbing acquired two HVAC contractors as part of its 'Goettlize the Nation' expansion strategy, marking its fifth Southern California branch and its entry into the Reno, Nevada market.
“Goettl Air Conditioning & Plumbing, a provider of HVAC and plumbing services, announced two newly acquired businesses: SoCal Airflow Pros in Rancho Santa Margarita, California and 4 Seasons Heating & Cooling in Reno, Nevada.”
The acquisitions are part of Goettl's national expansion strategy, with 4 Seasons marking entry into the Reno market and SoCal Airflow Pros becoming its fifth Southern California branch.
“Both are a part of Goettl’s “Goettlize the Nation” strategy and will serve as significant additions to Goettl’s market presence.”
Goettl Air Conditioning & Plumbing acquired SoCal Airflow Pros (Rancho Santa Margarita, CA) and 4 Seasons Heating & Cooling (Reno, NV) as part of its 'Goettlize the Nation' expansion strategy.
“Goettl Air Conditioning & Plumbing, a provider of HVAC and plumbing services, announced two newly acquired businesses: SoCal Airflow Pros in Rancho Santa Margarita, California and 4 Seasons Heating & Cooling in Reno, Nevada.”
Air Pros USA describes itself as a multi-state home-services platform with ~600 vehicles, 1000+ technicians/staff and ~700,000 customers, operating in eight states and a dozen-plus metros, integrating acquired brands operationally.
“Nationally, Air Pros USA has nearly 600 vehicles, over 1000 technicians and staff, and has grown a customer base to nearly 700,000. Air Pros USA operates in eight states and more than a dozen metro areas including Miami, Orlando, Dallas, Atlanta, Colorado Springs, Mobile and Seattle”
Air Pros USA acquired East Coast Mechanical (ECM Air Conditioning), a large family-owned South Florida AC/plumbing/electric company, its largest South Florida acquisition, integrating ECM into the Air Pros USA platform.
“Air Pros USA announced the acquisition of East Coast Mechanical (ECM Air Conditioning), one of the largest family-owned air conditioning, plumbing and electric companies in South Florida.”
Air Pros USA reports near 600 vehicles, over 1000 technicians/staff, ~700,000 customers, and operations across eight states and more than a dozen metro areas, reflecting its multi-state home-services consolidation.
“Nationally, Air Pros USA has nearly 600 vehicles, over 1000 technicians and staff, and has grown a customer base to nearly 700,000. Air Pros USA operates in eight states and more than a dozen metro areas including Miami, Orlando, Dallas, Atlanta, Colorado Springs, Mobile and Seattle”
Air Pros USA acquired East Coast Mechanical (ECM Air Conditioning), described as one of the largest family-owned air conditioning, plumbing and electric companies in South Florida, in what Air Pros called its largest South Florida acquisition.
“announced the acquisition of
East Coast Mechanical (ECM Air Conditioning)
, one of the largest family-owned air conditioning, plumbing and electric companies in South Florida.”
Air Pros USA reports nearly 600 vehicles, over 1000 technicians and staff, and a customer base near 700,000, operating in eight states and more than a dozen metro areas, integrating acquired companies onto its platform.
“Nationally, Air Pros USA has nearly 600 vehicles, over 1000 technicians and staff, and has grown a customer base to nearly 700,000. Air Pros USA operates in eight states and more than a dozen metro areas including Miami, Orlando, Dallas, Atlanta, Colorado Springs, Mobile and Seattle”
Air Pros USA acquired East Coast Mechanical (ECM Air Conditioning), described as one of the largest family-owned air conditioning, plumbing and electric companies in South Florida and Air Pros USA's largest acquisition in its South Florida home market. ECM will be integrated onto the platform and remain the flagship brand.
“Air Pros USA
announced the acquisition of
East Coast Mechanical (ECM Air Conditioning)
, one of the largest family-owned air conditioning, plumbing and electric companies in South Florida.”
Air Pros USA described its national platform scale as nearly 600 vehicles, over 1,000 technicians and staff, ~700,000 customers, operating in eight states and more than a dozen metros.
“Nationally, Air Pros USA has nearly 600 vehicles, over 1000 technicians and staff, and has grown a customer base to nearly 700,000. Air Pros USA operates in eight states and more than a dozen metro areas including Miami, Orlando, Dallas, Atlanta, Colorado Springs, Mobile and Seattle”
Air Pros USA acquired East Coast Mechanical (ECM Air Conditioning), a large family-owned AC, plumbing and electric company in South Florida, integrating it into the Air Pros USA platform as its largest South Florida acquisition.
“recently announced the acquisition of
East Coast Mechanical (ECM Air Conditioning)
, one of the largest family-owned air conditioning, plumbing and electric companies in South Florida. This acquisition strengthens Air Pros USA as a leading Home Services business in the Florida Market.”
Air Pros USA has consolidated to nearly 600 vehicles, over 1000 technicians, ~700,000 customers, operating in eight states and over a dozen metro areas.
“Nationally, Air Pros USA has nearly 600 vehicles, over 1000 technicians and staff, and has grown a customer base to nearly 700,000. Air Pros USA operates in eight states and more than a dozen metro areas including Miami, Orlando, Dallas, Atlanta, Colorado Springs, Mobile and Seattle”
Gryphon Investors-backed Right Time Group acquired Sudbury-based Northern Air & Mechanical Systems (669-Heat), its 15th acquisition, bringing the residential HVAC and home-services rollup to 22 locations across five provinces.
“This marks the 15th acquisition completed by Ontario-based Right Time which is majority-owned by San Francisco-based Gryphon Investors. The group continues to add residential HVAC and home services locations to its network, now with 22 locations across Ontario, Manitoba, Saskatchewan, Alberta, and British Columbia.”
The acquisition strengthens Air Pros USA across several Florida counties and adds new service areas including Port St. Lucie, Martin, Pinellas and Pasco counties.
“This acquisition strengthens Air Pros USA as a leading HVAC service company in Broward County, Hillsborough County, and Palm Beach County, while introducing new service areas including Port St. Lucie, Martin, Pinellas & Pasco Counties.”
Air Pros USA, a multi-state HVAC platform, acquired Universal Air and Heat, a South Florida HVAC company, integrating it into the Air Pros USA platform.
“As an Air Pros USA company, Universal Air and Heat will benefit from full operational and sales integration with the Air Pros USA platform to leverage expanded resources and continue building on nearly 25 years of service excellence.”
As an Air Pros USA company, Universal Air and Heat is fully integrated operationally and in sales into the Air Pros USA platform, reflecting the platform's roll-up of South Florida HVAC providers.
“As an Air Pros USA company, Universal Air and Heat will benefit from full operational and sales integration with the Air Pros USA platform to leverage expanded resources and continue building on nearly 25 years of service excellence.”
Air Pros USA acquired Universal Air and Heat, a South Florida air conditioning company, integrating it into the Air Pros USA platform and adding new service areas including Port St. Lucie, Martin, Pinellas and Pasco Counties.
“announced the acquisition of [Universal Air and Heat](”
Air Pros USA describes itself as operating in eight states and more than a dozen metro areas with nearly 600 vehicles, 700 technicians and staff, and ~450,000 customers, integrating acquisitions onto its platform.
“Nationally, Air Pros USA has nearly 600 vehicles, 700 technicians and staff, and serves a customer base of nearly 450,000. Air Pros USA operates in eight states and more than a dozen metro areas including Miami, Orlando, Dallas, Atlanta, Colorado Springs, Mobile and Spokane.”
Air Pros USA acquired Universal Air and Heat, a South Florida air conditioning company in business since 1997, integrating it onto the Air Pros USA platform and adding new service areas including Port St. Lucie, Martin, Pinellas and Pasco counties.
“Air Pros USA
announced the acquisition of
Universal Air and Heat
, a local, highly certified air conditioning company serving South Florida.”
Air Pros USA describes itself as a platform operating in eight states with nearly 600 vehicles, 700 technicians and staff, and a customer base of nearly 450,000.
“Nationally, Air Pros USA has nearly 600 vehicles, 700 technicians and staff, and serves a customer base of nearly 450,000. Air Pros USA operates in eight states and more than a dozen metro areas including Miami, Orlando, Dallas, Atlanta, Colorado Springs, Mobile, and Spokane.”
Air Pros USA acquired South Florida HVAC company Universal Air and Heat, integrating it into the Air Pros USA platform and expanding into new service areas.
“Air Pros USA announced the acquisition of Universal Air and Heat, an air conditioning company serving South Florida. As an Air Pros USA company, Universal Air and Heat will benefit from full operational and sales integration with the Air Pros USA platform to leverage expanded resources and continue building on nearly 25 years of service.”
The 669-Heat deal is Right Time's fifteenth acquisition, and the article confirms Right Time is majority-owned by middle-market PE firm Gryphon Investors and continually seeking new locations.
“Right Time is continuously looking to add new residential HVAC and home services locations to its existing network in Canada. Right Time is majority-owned by Gryphon Investors, a middle-market private equity firm.”
Right Time Group of Companies acquired Sudbury-based residential HVAC firm Northern Air & Mechanical Systems Inc. (d/b/a 669-Heat), its fifteenth acquisition; Right Time is majority-owned by Gryphon Investors.
“Right Time Group of Companies announced it is expanding its presence in Northern Ontario through the acquisition of Northern Air & Mechanical Systems Inc. doing business as 669-Heat.”
Right Time states it is continuously looking to add residential HVAC and home services locations across Canada and confirms Gryphon Investors as majority owner.
“Right Time is continuously looking to add new residential HVAC and home services locations to its existing network in Canada. Right Time is majority-owned by Gryphon Investors, a middle-market private equity firm.”
669-Heat is Right Time's fifteenth completed acquisition; the company is majority-owned by middle-market PE firm Gryphon Investors and continuously seeks new residential HVAC/home services locations in Canada.
“669-Heat is the fifteenth acquisition completed by Right Time.”
