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.
1,106 dated signals shown · 42 undated (excluded from the chart).
Right Time Group of Companies, majority-owned by Gryphon Investors, acquired Sudbury, Ontario HVAC firm 669-Heat (Northern Air & Mechanical Systems), its fifteenth acquisition.
“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.”
First Mergers Group LLC served as exclusive sell-side advisor and Nelson Mullins Riley & Scarborough as legal advisor to Southern in the M.E. Flow transaction.
“Michael Price, of First Mergers Group LLC, served as exclusive sell-side advisor to ME Flow Inc's shareholders. Peter Klein served as exclusive legal advisor to the company. Nelson Mullins Riley & Scarborough served as exclusive legal advisor to Southern.”
M.E. Flow joins Southern Home Services' family of twenty other service brands across ten states, indicating an active multi-trade roll-up.
“As part of the broader Southern team, M.E. Flow Inc. joins Southern Home Services' family of twenty other service brands across ten states.”
The M.E. Flow deal is Southern Home Services' first acquisition in Virginia, starting its mid-Atlantic presence.
“This is our first acquisition in the Virginia market, and we could not have chosen a better company to start building our mid-Atlantic presence,”
Southern HVAC Corporation d/b/a Southern Home Services acquired M.E. Flow Inc., a third-generation northern Virginia HVAC and plumbing firm, marking its first acquisition in the Virginia market.
“Southern HVAC Corporation d/b/a Southern Home Services announced the acquisition of M.E. Flow Inc. Since 1951, ME Flow has provided customers throughout northern Virginia and parts of West Virginia with heating, air conditioning and plumbing maintenance, repair, and replacement services.”
Southern HVAC Corporation d/b/a Southern Home Services acquired northern Virginia HVAC/plumbing firm M.E. Flow, its first acquisition in the Virginia market.
“Southern HVAC Corporation d/b/a Southern Home Services announced the acquisition of M.E. Flow Inc. Since 1951, ME Flow has provided customers throughout northern Virginia and parts of West Virginia with heating, air conditioning and plumbing maintenance, repair, and replacement services.”
Strikepoint Group Holdings, a home services roll-up platform, was formerly known as Horizon Group Holdings.
“Strikepoint Group Holdings (SGH), formerly Horizon Group Holdings, a home services companies, announced it has expanded its presence across the South Florida market with three acquisitions:”
Tucson-based Rite Way Heating, Cooling & Plumbing acquired Southern Arizona Plumbing, a leading residential plumbing provider in Pima County, to add plumbing and sewer expertise; founders join Rite Way and operate under its brand.
“Rite Way Heating, Cooling & Plumbing (“Rite Way”), a people-focused heating, air-conditioning, plumbing and electrical company serving the Tucson market, today announced it has acquired Southern Arizona Plumbing (“Southern Arizona”).”
Rite Way, a heating, AC, plumbing and electrical company serving Tucson, acquired Southern Arizona Plumbing, a residential plumbing service provider across Pima County, with the team and founders joining Rite Way and operating under the Rite Way brand.
“Rite Way Heating, Cooling & Plumbing, a people-focused heating, air-conditioning, plumbing, and electrical company serving the Tucson market, announced it has acquired Southern Arizona Plumbing.”
Rite Way Heating, Cooling & Plumbing (Tucson) acquired Southern Arizona Plumbing, a residential plumbing provider across Pima County, adding sewer/plumbing expertise. Southern Arizona will operate under the Rite Way brand. Rite Way had a prior strategic partnership with Redwood Services.
“Rite Way Heating, Cooling & Plumbing, a people-focused heating, air-conditioning, plumbing, and electrical company serving the Tucson market, announced it has acquired Southern Arizona Plumbing.”
The Stallion acquisition brought Service Experts' total U.S. locations to 73; the company operates in 31 states as one of North America's largest HVAC service companies, reflecting an ongoing multi-location expansion strategy.
“bringing the total number of Service Experts locations in the U.S. to 73.”
Service Experts acquired substantially all assets of Stallion Heating, Plumbing & Air Conditioning, a Philadelphia residential HVAC and plumbing company, as its first center in Philadelphia.
“recently announced the acquisition of substantially all of the assets of Stallion Heating, Plumbing & Air Conditioning. (“Stallion”), is a residential HVAC and plumbing company located in Philadelphia, Pennsylvania.”
The Stallion acquisition brought Service Experts to 73 locations in the U.S. across 31 states, evidencing ongoing geographic roll-up expansion of the platform.
“bringing the total number of Service Experts locations in the U.S. to 73.”
Residential HVAC roll-up Service Experts acquired substantially all assets of Stallion Heating, Plumbing & Air Conditioning, a Philadelphia residential HVAC and plumbing company, as its first center in the Philadelphia market.
“(“Service Experts”) recently announced the acquisition of substantially all of the assets of Stallion Heating, Plumbing & Air Conditioning. (“Stallion”), is a residential HVAC and plumbing company located in Philadelphia, Pennsylvania.”
The sell-side in the Air Pros USA / CM Heating deal was represented by Meridian Capital, a Seattle-based middle-market investment bank and M&A advisory firm.
“The sell-side was represented by Meridian Capital, a Seattle-based leading middle market investment bank and M&A advisory firm.”
Air Pros USA describes its platform scale: 650+ vehicles, 800 technicians/staff, 500,000+ customers across eight states and over a dozen metro areas, with the CM Heating deal adding Washington locations.
“Nationally, Air Pros USA has over 650 vehicles, 800 technicians and staff, and serves over 500,000 customers. 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 CM Heating, a residential HVAC company in Washington's Snohomish/Skagit/King County regions, with full operational and sales integration into the Air Pros USA platform.
“Air Pros USA announced the acquisition of CM Heating, a residential heating and air conditioning company that has been serving Washington across the Snohomish, South Skagit, and North King County regions since 1983.”
Heartland describes itself as a technology-enabled home-services platform operating through 37 brands across several states, serving over 1,000,000 customers, indicating an active roll-up strategy.
“The Company operates through 37 brands across several states.”
Heartland Home Services, a Midwestern HVAC/plumbing/electrical platform, acquired Pat's Heating and Air Conditioning in the greater Milwaukee area as part of its Midwest growth strategy; owners stay on. Terms undisclosed.
“Heartland Home Services (“Heartland”), the Midwestern leader in HVAC, plumbing and electrical home services, is pleased to announce that it has acquired Pat’s Heating and Air Conditioning (“Pat’s”), a leading provider of HVAC services in the greater Milwaukee area.”
The sell-side in the Air Pros USA / CM Heating transaction was represented by M&A advisory firm Meridian Capital.
“The sell-side was represented by Meridian Capital, a Seattle-based leading middle market investment bank and M&A advisory firm.”
The CM Heating deal expanded Air Pros USA's Washington presence with multiple new service locations, building on its 2020 entry into Spokane.
“Air Pros USA strengthens its local presence across Washington, having entered the Spokane market in 2020. Air Pros USA now adds multiple new service locations including Everett, Bothell, Mount Vernon, and Anacortes.”
Air Pros USA acquired CM Heating, a Washington residential HVAC company, integrating it into the Air Pros USA platform and strengthening its Washington presence.
“Air Pros USA announced the acquisition of CM Heating, a residential heating and air conditioning company that has been serving Washington across the Snohomish, South Skagit, and North King County regions since 1983.”
Air Pros USA describes its national consolidation footprint: nearly 600 vehicles, 700 technicians/staff, ~450,000 customers, operating in eight states and more than a dozen metro areas.
“Nationally, Air Pros USA has nearly 600 vehicles, 700 technicians and staff, and serves a customer base of nearly 450,000.”
Air Pros USA, an HVAC consolidation platform, acquired Baton Rouge-area family-owned HVAC company Dream Team Heating and Air, integrating it into the Air Pros USA platform to expand its Louisiana footprint.
“This acquisition expands Air Pros USA’s market reach in Louisiana, having previously acquired Doug’s Service Company in Thibodaux early last spring.”
Heartland Home Services acquired Pat's Heating and Air Conditioning, a family-owned HVAC business in the greater Milwaukee area, continuing its Midwest growth strategy. Terms were not disclosed.
“Heartland Home Services, a Midwestern HVAC, plumbing, and electrical home services company, announced that it has acquired Pat's Heating and Air Conditioning, a provider of HVAC services in the greater Milwaukee area.”
Air Pros USA acquired Dream Team Heating and Air, a family-owned Baton Rouge HVAC company, integrating it onto the Air Pros USA platform and expanding its Louisiana market reach following an earlier acquisition of Doug's Service Company in Thibodaux.
“Air Pros USA announced the acquisition of Dream Team Heating and Air , a family owned HVAC company that has been serving the Baton Rouge area for decades. As an Air Pros USA Company, Dream Team Heating and Air will benefit from full operational and sales integration with the Air Pros USA platform”
Heartland Home Services acquired Pat's Heating and Air Conditioning, a family-owned HVAC provider in greater Milwaukee, continuing its Midwest growth strategy.
“Heartland Home Services, a Midwestern HVAC, plumbing, and electrical home services company, announced that it has acquired Pat's Heating and Air Conditioning, a provider of HVAC services in the greater Milwaukee area. The addition of Pat's continues the Heartland growth strategy throughout the Midwest.”
Southeastern Home Services is expanding its footprint across Central Florida through strategic acquisitions, with plans to grow further into residential service and build on the foundation of acquired companies.
“We are eager to grow the business, expand further into residential service, and build on the foundation Robert Ballard, Justin Harrell and their company have established.”
Southeastern Home Services, formed in early 2022, is executing a roll-up strategy in the Greater Tampa Bay, Greater Orlando, and Central Florida areas, having completed three acquisitions this year and serving more than 5,000 customers.
“Formed in early 2022, Southeastern Home Services has plans to rapidly expand through strategic acquisitions. With multiple locations in the Greater Tampa Bay, Greater Orlando, and Central Florida areas, the group serves more than 5,000 customers across the region.”
Southeastern Home Services, a residential home services provider backed by WhitneyWilder, has acquired Stay Cool Air Conditioning and Heating, a Port Richey, Florida-based HVAC company. This marks the third acquisition for Southeastern Home Services in 2022, following purchases of Mario's Air Conditioning and Heating and Pro-Team Plumbing.
“Southeastern Home Services, a residential home services provider specializing in HVAC, plumbing, and electrical services, has purchased Port Richey, Florida -based Stay Cool Air Conditioning and Heating. The deal, backed by WhitneyWilder, marks the third acquisition of Southeastern Home Services following their purchases of Mario's Air Conditioning and Heating and Pro-Team Plumbing this year.”
The Dream Team acquisition expands Air Pros USA's reach in Louisiana, following its earlier acquisition of Doug's Service Company in Thibodaux; the platform now operates in eight states and over a dozen metros.
“This acquisition expands Air Pros USA’s market reach in Louisiana, having previously acquired Doug’s Service Company in Thibodaux early last spring.”
Air Pros USA acquired Dream Team Heating and Air, a family-owned HVAC company serving Baton Rouge, integrating it into the Air Pros USA platform.
“Air Pros USA announced the acquisition of Dream Team Heating and Air, a family owned HVAC company that has been serving the Baton Rouge area for decades.”
The Dream Team acquisition expands Air Pros USA's Louisiana reach (following Doug's Service Company in Thibodaux); nationally Air Pros operates ~600 vehicles, 700 staff, ~450,000 customers across eight states.
“This acquisition expands Air Pros USA’s market reach in Louisiana, having previously acquired Doug’s Service Company in Thibodaux early last spring.”
Air Pros USA acquired Dream Team Heating and Air, a family-owned HVAC company serving Baton Rouge, expanding its Louisiana market reach following its earlier acquisition of Doug's Service Company in Thibodaux.
“Air Pros USA announced the acquisition of Dream Team Heating and Air, a family owned HVAC company that has been serving the Baton Rouge area for decades.”
PremiStar, formerly Reedy Industries and founded in 1930, is actively expanding the services it provides within the building envelope through both organic growth and acquisitions.
“PremiStar is actively expanding the services it provides within the building envelope and is doing so through both organic growth and acquisitions.”
MSI is PremiStar's 20th acquisition since 2019; PremiStar (formerly Reedy Industries) is actively expanding within the building envelope through both organic growth and acquisitions.
“Mechanical Service Inc. is the 20th acquisition for PremiStar since 2019.”
PremiStar, a commercial and industrial HVAC, plumbing, and building automation services provider, acquired commercial HVAC contractor Mechanical Service Inc. (MSI) in Iowa City, expanding its Iowa footprint.
“PremiStar, a provider of commercial and industrial HVAC, plumbing, and building automation services, has acquired Mechanical Service Inc. (MSI), a commercial HVAC contractor in Iowa City.”
The MSI deal marks PremiStar's 20th acquisition since 2019. PremiStar (formerly Reedy Industries) is pursuing both organic growth and acquisitions to expand its building-services footprint.
“Mechanical Service Inc. is the 20th acquisition for PremiStar since 2019.”
PremiStar, a commercial/industrial HVAC, plumbing and building automation services provider, acquired Mechanical Service Inc. (MSI), a commercial HVAC contractor in Iowa City, expanding its Iowa footprint. President Randy Staab continues to lead MSI.
“PremiStar, a provider of commercial and industrial HVAC, plumbing, and building automation services, has acquired Mechanical Service Inc. (MSI), a commercial HVAC contractor in Iowa City.”
This was The SEER Group's twenty-seventh acquisition and seventh of the year, strengthening its Oregon position while supporting expansion toward a national footprint - a clear HVAC roll-up.
“This is the twenty-seventh acquisition for The SEER Group LLC and its seventh acquisition this year, strengthening its position in Oregon while supporting its expansion towards a national footprint.”
The SEER Group LLC acquired a majority stake in Evergreen Gas, Heating & Cooling in Sherwood, Oregon, with founders Kelsey and Bill Belden continuing as partners; the brand is retained.
“The SEER Group LLC announced the acquisition of a majority stake in Evergreen Gas, Heating & Cooling in Sherwood Oregon.”
SEER Group CEO Darrin Erdahl cited increasing growth opportunities across the Northwest both organically and through strategic acquisitions, signaling continued regional roll-up intent.
““We see increasing growth opportunities throughout the Northwest, organically and through strategic acquisitions,” stated Darrin Erdahl, CEO and founder of The SEER Group LLC.”
The Evergreen deal is The SEER Group's 27th acquisition overall and its 7th this year, reflecting an active home-service HVAC roll-up strengthening its Oregon position and expanding toward a national footprint.
“This is the twenty-seventh acquisition for The SEER Group LLC and its seventh acquisition this year, strengthening its position in Oregon while supporting its expansion towards a national footprint.”
The SEER Group LLC acquired a majority stake in Evergreen Gas, Heating & Cooling of Sherwood, Oregon, with the founders staying on as partners and the brand retained.
“The SEER Group LLC announced the acquisition of a majority stake in Evergreen Gas, Heating & Cooling in Sherwood Oregon.”
The financial terms of the Heartland Home Services acquisition of Hurlburt were not disclosed.
“Terms of the transaction were not disclosed.”
Heartland Home Services, a Midwestern HVAC, plumbing, and electrical home services company, acquired Hurlburt Heating, AC & Plumbing in Western Wisconsin, extending into a core Midwestern market. Terms were not disclosed.
“announced that it has acquired Hurlburt Heating, AC & Plumbing, a provider of HVAC services in Western Wisconsin”
Heartland Home Services, a Midwestern HVAC, plumbing and electrical home services company, acquired Hurlburt Heating, AC & Plumbing in Western Wisconsin, extending into the Wisconsin market. Owners Greg and Amy Mericle stay on. Terms not disclosed.
“Heartland Home Services, a Midwestern HVAC, plumbing, and electrical home services company, announced that it has acquired Hurlburt Heating, AC & Plumbing, a provider of HVAC services in Western Wisconsin.”
Weil Gotshal & Manges LLP acted as legal counsel for OMERS Private Equity and Solomon Partners served as financial advisor on the Pueblo acquisition.
“Weil Gotshal & Manges LLP acted as legal counsel for OMERS Private Equity and Solomon Partners served as financial advisor.”
OMERS Private Equity stated it will provide resources to accelerate Pueblo's growth and support strategic expansion through M&A, framing Pueblo as a platform poised for further consolidation.
“OMERS Private Equity will provide resources and expertise to further accelerate the company’s growth and support its strategic expansion through M&A.”
OMERS Private Equity signed a definitive agreement to acquire Pueblo Mechanical & Controls, a mechanical services provider, from Huron Capital Partners. Financial terms were not disclosed.
“OMERS Private Equity announced the signing of a definitive agreement to acquire Pueblo Mechanical & Controls, a mechanical services provider, from Huron Capital Partners. Financial details were not disclosed.”