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).
In 2021 Texas-based Apex Service Partners acquired Right Now Heating and Air, folding it into its Apex West Region Holdco.
“In 2021, Apex Service Partners of Texas acquired Right Now, according to PitchBook, joining Owyhee Heating as units of Apex.”
Owyhee Heating & Air was acquired in 2022 by Texas-based Apex Service Partners, joining Right Now Heating and Air Conditioning under the PE umbrella.
“Owyhee was acquired in 2022 by Apex Service Partners of Texas, joining Right Now Heating and Air Conditioning under the umbrella of the large private equity company.”
SEER Group announced it acquired Boise-based Veterans Plumbing and K-F Electric; Veterans was merged into its Western Heating & Air platform.
“it acquired Boise-based Veterans Plumbing and K-F Electric. Veterans was merged into Western in March of this year, according to Idaho Secretary of State records.”
In 2021 Western Heating & Air sold a majority stake to Washington-based PE firm SEER Group, which lists 40+ HVAC/mechanical/plumbing companies including six others across Idaho.
“In 2021, after 54 years of local ownership, Western Heating & Air sold a majority stake to Washington-based private equity firm SEER Group.”
Acquisitions of Robert Heath and Saltire support Daikin's goal to create a national service structure for heat pumps in the UK.
“By combining the strengths of Daikin, Robert Heath Heating and Saltire Facilities Management, we are well-positioned to lead the heat pump market in the UK”
Daikin Airconditioning UK acquired Glasgow-based heating services company Saltire Facilities Management Ltd.
“UK: Daikin Airconditioning UK has acquired the Glasgow-based heating services company Saltire Facilities Management Ltd.”
The company reported a record project backlog and robust demand across technology, industrial, and healthcare sectors. The text notes that rising returns on capital employed indicate effective reinvestment, though there is a heavier reliance on current liabilities.
“Earlier this week, Comfort Systems USA announced a series of acquisitions and reported robust demand across technology, industrial, and healthcare sectors, supported by a record project backlog and positive industry trends. An interesting detail from the announcement is the company's rising returns on capital employed, indicating effective reinvestment, but also a heavier reliance on current liabilities, which could carry risks if not carefully managed.”
Comfort Systems USA announced the acquisition of Century Contractors, which is expected to add approximately US$90 million in revenue. This move supports the company's strategy of strengthening near-term revenue streams and addressing backlog conversion.
“Among the latest company announcements, the acquisition of Century Contractors, expected to add approximately US$90 million in revenue, stands out. This aligns squarely with the ongoing demand pipeline, supporting the narrative that strategic deal-making may help strengthen near-term revenue streams and address backlog conversion.”
Air Pros USA described its scale: nearly 600 vehicles, 700 technicians/staff, ~450,000 customers, operating in eight states and over a dozen metro areas, following its Louisiana expansion.
“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”
Exuma Capital Partners, founded by Perera in 2024 to invest in home-service and technology middle markets, adds Air Pros USA to a portfolio including Peak Roofing Partners, Inspected.com, Property.com and R30 Brands.
“which Perera founded in 2024 to support strategic investments in high-growth middle markets like home service and technology industries. Air Pros USA joins Peak Roofing Partners , Inspected.com , Property.com , and R30 Brands in Exuma Capital’s Family of Companies.”
The prior Air Pros USA board voted to restructure, breaking the company into regional operations under Chapter 11 proceedings, which set up the founder's reacquisition of the Florida legacy operations.
“The move comes after the previous board voted to restructure, breaking the company into regional operations under Chapter 11 proceedings.”
A related-posts headline on the page reports Sila Services continuing its Virginia growth with the acquisition of My Plumber Plus.
“Sila Services Continues Its Virginia Growth with Acquisition of My Plumber Plus”
A related-posts item notes Sila Services continued its Virginia growth with the acquisition of My Plumber Plus.
“Sila Services Continues Its Virginia Growth with Acquisition of My Plumber Plus”
A related-posts reference indicates Sila Services continued its Virginia expansion via the acquisition of My Plumber Plus.
“Sila Services Continues Its Virginia Growth with Acquisition of My Plumber Plus”
A related-posts reference indicates Sila Services continued its Virginia expansion via the acquisition of My Plumber Plus.
“Sila Services Continues Its Virginia Growth with Acquisition of My Plumber Plus”
A related-post headline in this source references Sila Services continuing its Virginia growth via the acquisition of My Plumber Plus, a home-services roll-up add-on.
“Sila Services Continues Its Virginia Growth with Acquisition of My Plumber Plus”
Redwood Services is set to take on a majority investor, described as a merger at play, cited as a recent platform-level transaction in the home-service consolidation cycle.
“More recently, Redwood Services is set to take on a majority investor.”
HomeX Services acquired Goodco Mechanical, a residential and commercial HVAC/plumbing provider in Pennsylvania.
“Goodco Mechanical HomeX Services Provider of residential and commercial HVAC/plumbing services in Pennsylvania”
Complete Home (Prospect Partners) acquired Aire Serv, providing HVAC services for commercial and residential customers.
“Aire Serv Complete Home _(Prospect Partners)_ Provider of HVAC services intended for commercial and residential customers”
The company's growth from four brands to 25 brands across 14 states is cited as showcasing success in the fragmented home services market, aligning with industry trends toward professionalization.
“From four founding brands in 2016, Wrench Group has grown to 25 brands across 27 markets in 14 states, showcasing its success in the fragmented home services market. Its focus on professional consumer services and waste & water management aligns with industry trends toward professionalization.”
Wrench Group has executed at least 15 acquisitions targeting high-growth metropolitan markets across HVAC, plumbing, electrical, and water management sectors to strengthen its market presence.
“Targeting high-growth metropolitan markets, Wrench Group has executed at least 15 acquisitions across HVAC, plumbing, electrical, and water management sectors.”
Related-article listing references Wrench Group acquiring Easy A/C and Service Champions, indicating broader HVAC roll-up acquisition activity.
“Wrench Group Acquires Easy A/C and Service Champions”
The Bee's deal is Champions Group's second acquisition in the Seattle metropolitan area and is positioned as a step toward expanding service in high-demand markets across the U.S.
“The move marks the second acquisition in the Seattle metropolitan area for Champions Group and a major step toward the company’s goal of expanding service in high-demand markets across the U.S.”
HVAC services platform Champions Group Holdings acquired Seattle-based Bee's Plumbing and Heating, its second acquisition in the Seattle metro, as part of a U.S. expansion strategy. Bee's keeps its brand.
“HVAC services provider Champions Group Holdings has acquired Bee’s Plumbing and Heating, a service provider based in Seattle, Washington.”
The Bee's acquisition is described as Champions Group's second deal in the Seattle metro and a major step toward its goal of expanding service in high-demand markets across the U.S.
“The move marks the second acquisition in the Seattle metropolitan area for Champions Group and a major step toward the company’s goal of expanding service in high-demand markets across the U.S., a press release from Champions Group said.”
HVAC services provider Champions Group Holdings acquired Bee's Plumbing and Heating, a Seattle-based service provider, marking its second acquisition in the Seattle metro and part of a stated strategy of expanding into high-demand U.S. markets.
“HVAC services provider Champions Group Holdings has acquired Bee’s Plumbing and Heating, a service provider based in Seattle, Washington.”
Sila Services is described as a leading home-services platform operating over 40 brands throughout the Northeast, Mid-Atlantic, and Midwest, using the Live Free acquisition to build its presence across New England.
“Sila Services is a leading home services platform, operating over 40 brands throughout the Northeast, Mid-Atlantic, and Midwest.”
Home-services platform Sila Services acquired Concord, New Hampshire-based Live Free Heating, Cooling & Electric, expanding its footprint in New England. Live Free, founded in 2017 by brothers Peter and Tyler Marston, provides heating, cooling and electrical services.
“Sila Services, LLC is excited to announce its latest strategic acquisition, Live Free Heating, Cooling & Electric, a premier provider of home comfort solutions based in Concord, New Hampshire and founded by brothers Peter Marston and Tyler Marston.”
Sila Services is described as a leading home-services platform operating over 40 brands across the Northeast, Mid-Atlantic, and Midwest, underscoring its multi-trade roll-up scale.
“Sila Services is a leading home services platform, operating over 40 brands throughout the Northeast, Mid-Atlantic, and Midwest.”
Home-services platform Sila Services acquired Live Free Heating, Cooling & Electric, expanding its New England presence in New Hampshire.
““Welcoming Peter, Tyler, and the entire Live Free Heating, Cooling & Electric team to Sila Services is a genuinely exciting milestone as we continue to build our presence across New England,” stated Jason Rabbino, CEO of Sila Services.”
Sila Services is a home services platform operating over 40 brands across the Northeast, Mid-Atlantic, and Midwest, offering HVAC, plumbing, electrical, and home performance services.
“Sila Services is a leading home services platform, operating over 40 brands throughout the Northeast, Mid-Atlantic, and Midwest.”
Home services platform Sila Services acquired Live Free Heating, Cooling & Electric of Concord, New Hampshire, expanding its New England footprint. Sila operates over 40 brands across the Northeast, Mid-Atlantic, and Midwest.
“Sila Services, LLC is excited to announce its latest strategic acquisition, Live Free Heating, Cooling & Electric, a premier provider of home comfort solutions based in Concord, New Hampshire and founded by brothers Peter Marston and Tyler Marston.”
Apex Service Partners, a subsidiary of Alpine Investors, is described as having grown into one of the largest private equity plays in home services.
“The founder of Alpine Investors, whose subsidiary Apex Service Partners has grown into one of the largest private equity plays in home services, writes:”
The article states the combined Sila entity is worth over a billion dollars and generates more than a hundred million dollars in annual revenue.
“The combined entity is worth over a billion dollars, and generates more than a hundred million dollars in annual revenue”
Sila is described as one of the largest PE roll-ups of home-service companies, combining over 30 separate brands under one umbrella, with the combined entity worth over a billion dollars and generating more than $100M in annual revenue.
“For example, one of the largest private equity rollup of home services companies in the country is Sila, which combined over 30 separate brands under a single umbrella.”
Apex Service Partners, a subsidiary of Alpine Investors, has grown into one of the largest private equity plays in home services; the article quotes Alpine founder Graham Weaver on the firm's people-focused mission.
“The founder of Alpine Investors, whose subsidiary Apex Service Partners has grown into one of the largest private equity plays in home services, writes:”
Sila is cited as one of the largest private equity roll-ups of home-service companies in the US, combining over 30 brands under one umbrella into an entity worth over a billion dollars.
“one of the largest private equity rollup of home services companies in the country is Sila, which combined over 30 separate brands under a single umbrella.”
Exuma Capital Partners, founded by Perera in 2024 to back high-growth middle markets including home services, adds Air Pros USA to a portfolio that already includes Peak Roofing Partners, Inspected.com, Property.com, and R30 Brands.
“Air Pros USA joins[Peak Roofing Partners](https://tracking.us.nylas.com/l/316f2d6904ac478d946f7027dd383853/2/950fda10b30c540e6780491abf98abe59327e362cf9d4c15ce98dbe7dc5848fc?cache_buster=1748970908),[Inspected.com](http://inspected.com/),[Property.com](http://property.com/), and[R30 Brands](https://tracking.us.nylas.com/l/316f2d6904ac478d946f7027dd383853/3/a47846d00bf75dbc0cafadb3c316628135682eb3ee6aae6945df89f7642a883f?cache_buster=1748970908)in Exuma Capital’s Family of Companies.”
Prior to the reacquisition, the previous Air Pros USA board voted to restructure, breaking the company into regional operations under Chapter 11 proceedings. The founder's re-acquisition of the legacy Florida company follows that restructuring.
“The move comes after the previous board voted to restructure, breaking the company into regional operations under Chapter 11 proceedings.”
Founder Anthony Perera reacquired Air Pros USA's legacy Florida operations through his private equity firm Exuma Capital Partners, returning to lead the HVAC company he launched in 2017. The purchase also includes plumbing brand Drain Genie and generator/electrical brand Personalized Power.
“Florida entrepreneur, Anthony Perera, has successfully reacquired Air Pros USA’s legacy operations in Florida through the investment firm, [Exuma Capital Partners](https://tracking.us.nylas.com/l/316f2d6904ac478d946f7027dd383853/0/d918604cf7ef054996222f915eb092505c853a6c3213b5ab97550b9fa6f1fcde?cache_buster=1748970908).”
Air Pros USA joins Exuma Capital Partners' portfolio alongside Peak Roofing Partners, Inspected.com, Property.com and R30 Brands; Exuma was founded by Perera in 2024 to invest in home services and technology.
“Air Pros USA joins Peak Roofing Partners , Inspected.com , Property.com , and R30 Brands in Exuma Capital’s Family of Companies.”
Prior to the reacquisition, Air Pros USA's board voted to restructure, breaking the company into regional operations under Chapter 11 bankruptcy proceedings.
“The move comes after the previous board voted to restructure, breaking the company into regional operations under Chapter 11 proceedings.”
Founder Anthony Perera reacquired Air Pros USA's legacy Florida operations through his private equity firm Exuma Capital Partners, returning to lead the company he founded in 2017.
“Florida entrepreneur, Anthony Perera, has successfully reacquired Air Pros USA’s legacy operations in Florida through the investment firm, Exuma Capital Partners”
Anthony Perera, founder of Air Pros USA, reacquired the company's Florida legacy operations through his private equity firm Exuma Capital Partners. The purchase also included plumbing company Drain Genie and electrical/generator brand Personalized Power.
“Florida entrepreneur, Anthony Perera, has successfully reacquired Air Pros USA’s legacy operations in Florida through the investment firm, Exuma Capital Partners . This strategic move brings Air Pros USA back under Perera’s leadership”
Founder Anthony Perera reacquired the Florida operations of Air Pros USA with Exuma Capital Partners in June 2025.
“Founder Anthony Perera reacquired the Florida operations with Exuma Capital Partners in June 2025.”
Founder Anthony Perera reacquired Air Pros USA's legacy Florida operations through his firm Exuma Capital Partners in June 2025, returning the original Florida markets to his ownership.
“In June 2025, founder Anthony Perera reacquired Air Pros USA's legacy Florida operations through Exuma Capital Partners, a firm he founded in 2024.”
The SEER Group (Genstar Capital) acquired S&S Mechanical, an HVAC and plumbing company serving Southern Utah, Arizona, and Nevada.
“S&S Mechanical The SEER Group _(Genstar Capital)_ HVAC and plumbing services company serving Southern Utah, Arizona and Nevada”
Redwood Services, founded 2020 and headquartered in Memphis, describes itself as a nationwide platform providing resources and strategic partnerships to 19 leading home-services contractors across the U.S.
“Redwood provides world-class resources, coaching, and strategic partnerships to 19 leading companies across the United States, enabling its Partners to deliver exceptional HVAC, plumbing, and electrical services to residential customers.”
Redwood Services, a home-services platform investing in HVAC, plumbing, and electrical companies, partnered with New Jersey-based Guaranteed Service, marking Redwood's nineteenth platform investment. Founder Helmi Ben Flah retains a significant minority stake.
“Redwood Services (“Redwood”), an established home services firm focused on investing in leading HVAC, plumbing, and electrical services companies in growing U.S. markets, announced that it has partnered with Guaranteed Service (“Guaranteed”). This partnership marks Redwood’s nineteenth platform investment, highlighting the company’s ongoing growth and commitment to expansion.”
Redwood Services announced its 19th partnership with New Jersey-based Guaranteed Service, a home services company specializing in plumbing, heating, cooling, and electrical work. This marks Redwood's nineteenth platform investment, with Guaranteed Service's founder retaining a significant minority stake.
“Redwood Services (“Redwood”), an established home services firm focused on investing in leading HVAC, plumbing, and electrical services companies in growing U.S. markets, announced that it has partnered with Guaranteed Service (“Guaranteed”). This partnership marks Redwood’s nineteenth platform investment, highlighting the company’s ongoing growth and commitment to expansion.”