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).
OMERS describes Pueblo as a platform and intends to accelerate its growth through strategic M&A.
“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 mechanical services provider Pueblo Mechanical & Controls 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.”
OMERS Private Equity intends to support Pueblo Mechanical & Controls' strategic expansion through mergers and acquisitions, positioning it for accelerated growth in the commercial services industry.
“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 announced a definitive agreement to acquire Pueblo Mechanical & Controls, a provider of HVAC and plumbing services, from Huron Capital Partners. The acquisition aims to accelerate Pueblo's growth through strategic M&A and organic initiatives.
“OMERS Private Equity announced the signing of a definitive agreement to acquire Pueblo Mechanical & Controls, a mechanical services provider, from Huron Capital Partners.”
Wrench Group moved into its 27th market when Comfort Wave Home Services, an HVAC, plumbing and electrical provider, opened its first Oklahoma City location in November, illustrating the platform's geographic expansion.
“Wrench Group moved into its 27 th market when Comfort Wave Home Services, an HVAC, plumbing, and electrical services provider, opened its first location in Oklahoma City in November.”
Wrench Group LLC, a home services provider, acquired Superior Service, an air conditioning and plumbing provider in St. Augustine, Florida. Superior will operate under the Donovan Heat, Air, & Electric umbrella, extending Wrench's growth along Florida's Atlantic Coast.
“Wrench Group LLC , a provider of home services, announced it has acquired Superior Service, a provider of air conditioning and plumbing services in St. Augustine, Fla.”
Wrench Group expanded into its 27th market when its brand Comfort Wave Home Services opened a first location in Oklahoma City, indicating ongoing platform geographic expansion.
“Wrench Group moved into its 27 th market when Comfort Wave Home Services, an HVAC, plumbing, and electrical services provider, opened its first location in Oklahoma City in November.”
Wrench Group LLC, a home services provider, acquired Superior Service, an AC and plumbing provider in St. Augustine, FL. Superior will operate under the Wrench-owned Donovan brand, expanding Wrench's Atlantic Coast Florida footprint.
“Wrench Group LLC, a provider of home services, announced it has acquired Superior Service, a provider of air conditioning and plumbing services in St. Augustine, Fla.”
Huron Capital launched Exigent in August 2022 as an ExecFactor initiative focused on HVAC, plumbing, engineering, and energy efficiency services for complex commercial facilities. The platform has since completed multiple acquisitions.
“Reston, Virginia-based Exigent was launched by Huron Capital in 2022 as an ExecFactor initiative focused on providing critical HVAC, plumbing, engineering, and energy efficiency services as well as other mechanical system repair, maintenance, and replacement services to complex facility operations for healthcare, education, industrial, government, and other commercial customers.”
OMERS Private Equity views Pueblo Mechanical & Controls as a platform for accelerated growth, with plans to pursue strategic M&A and organic growth levers. The company is described as well-positioned to capitalize on trends in energy efficiency and sustainability.
“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 announced a definitive agreement to acquire Pueblo Mechanical & Controls from Huron Capital Partners. The acquisition aims to accelerate Pueblo's growth through strategic M&A and organic initiatives. 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.”
Through the acquisition of Dallas Plumbing Company, Air Pros USA expands its national growth, now operating in eight states with over 550 vehicles and 600 technicians.
“Through the Dallas Plumbing Company acquisition, Air Pros USA expands its national growth with over 550 vehicles, 600 technicians and staff, and a customer base of over half a million. 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 announced the acquisition of Dallas Plumbing Company, a 120-year-old family-owned HVAC and plumbing business in the Dallas/Fort Worth area. This is Air Pros USA's second acquisition in Texas, expanding its national footprint.
“Fort Lauderdale-based Air Pros USA announced the acquisition of Dallas Plumbing Company, a leading family owned and operated HVAC and plumbing business that has been proudly serving home and business owners in the Dallas/Fort Worth area since 1903.”
This is Air Pros USA's second Texas acquisition, following its 2019 purchase of Dallas-based Blue Star Heating and Air, evidencing a multi-state roll-up across eight states and more than a dozen metros.
“This is Air Pros USA’s second acquisition in Texas, previously acquiring Dallas-based Blue Star Heating and Air in 2019.”
Dallas Plumbing Company will be integrated operationally and in sales into the Air Pros USA platform, characterizing Air Pros USA as a consolidation platform.
“As an Air Pros USA Company, Dallas Plumbing Company will benefit from full operational and sales integration with the Air Pros USA platform to leverage expanded resources and continue building upon the company’s 120 years of dedication to service excellence.”
Fort Lauderdale-based Air Pros USA acquired Dallas Plumbing Company, a family-owned HVAC and plumbing business operating in the Dallas/Fort Worth area since 1903, as a platform add-on.
“Fort Lauderdale-based Air Pros USA announced the acquisition of Dallas Plumbing Company, a leading family owned and operated HVAC and plumbing business that has been proudly serving home and business owners in the Dallas/Fort Worth area since 1903.”
Air Pros USA describes itself as a growing platform with nearly 600 vehicles, 700 technicians, and over 450,000 customers across eight states and more than a dozen metro areas, integrating acquired brands operationally.
“Nationally, Air Pros USA has nearly 600 vehicles, 700 technicians and staff, and serves over 450,000 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.”
South Florida based Air Pros USA acquired Airforce Heating and Air, an HVAC company serving Georgia and Alabama, integrating it into the Air Pros USA platform and strengthening its Southeast presence.
“announced the acquisition of Airforce Heating and Air, an HVAC company that has been serving Georgia and Alabama since 2000”
Air Pros USA describes its national platform scale: nearly 600 vehicles, 700 technicians and staff, over 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 over 450,000 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 Airforce Heating and Air, an HVAC company serving Georgia and Alabama since 2000. The target will be fully integrated into the Air Pros USA platform, strengthening its presence across Georgia and Alabama.
“South Florida based Air Pros USA announced the acquisition of Airforce Heating and Air, an HVAC company that has been serving Georgia and Alabama since 2000.”
With the Pro Plumbing acquisition, Southern HVAC's roll-up reaches eighteen other service brands across eight states, signaling ongoing platform consolidation of home-service businesses.
“As part of the broader Southern HVAC team, Pro Plumbing joins Southern HVAC's family of eighteen other service brands across eight states.”
Southern HVAC Corporation acquired Pro Plumbing Services LLC, a Piedmont Triad-area plumbing/HVAC/electrical contractor, adding it to its family of brands. Pro Plumbing becomes the 19th brand in Southern HVAC's portfolio across eight states.
“Southern HVAC Corporation announced the acquisition of Pro Plumbing Services LLC. The acquisition of Pro Plumbing by Southern HVAC builds on their already established Plumbing & Air Service Company brand servicing the greater Piedmont Triad area.”
Air Pros USA noted the Dallas Plumbing deal is its second Texas acquisition (after Blue Star Heating and Air in 2019) and expands its national footprint to over 550 vehicles, 600 staff, a half-million customers, and operations in eight states and a dozen-plus metros.
“This is Air Pros USA’s second acquisition in Texas, previously acquiring Dallas-based Blue Star Heating and Air in 2019. Through the Dallas Plumbing Company acquisition, Air Pros USA expands its national growth with over 550 vehicles, 600 technicians and staff, and a customer base of over half a million. Air Pros USA operates in eight states and more than a dozen metro areas including Miami, Orlando, Dallas, Atlanta, Colorado Springs, Mobile, and Spokane.”
Fort Lauderdale-based HVAC/plumbing platform Air Pros USA acquired Dallas Plumbing Company, a 120-year-old family-owned HVAC and plumbing business in the Dallas/Fort Worth area, integrating it into the Air Pros USA platform.
“Fort Lauderdale-based Air Pros USA announced the acquisition of Dallas Plumbing Company, a family owned and operated HVAC and plumbing business that has been serving home and business owners in the Dallas/Fort Worth area since 1903.”
The Dallas Plumbing deal is Air Pros USA's second Texas acquisition (after Blue Star Heating and Air in 2019) and expands its national scale to 550+ vehicles, 600 technicians/staff, and a half-million customers across eight states.
“This is Air Pros USA’s second acquisition in Texas, previously acquiring Dallas-based Blue Star Heating and Air in 2019. Through the Dallas Plumbing Company acquisition, Air Pros USA expands its national growth with over 550 vehicles, 600 technicians and staff, and a customer base of over half a million. 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 Dallas Plumbing Company, a 120-year-old family-owned HVAC and plumbing business in the Dallas/Fort Worth area, integrating it into the Air Pros USA platform.
“Fort Lauderdale-based Air Pros USA announced the acquisition of Dallas Plumbing Company, a family owned and operated HVAC and plumbing business that has been serving home and business owners in the Dallas/Fort Worth area since 1903.”
Heartland Home Services, a Midwestern HVAC/plumbing/electrical home-services roll-up, acquired The Thielmann Group in Southeast Wisconsin, extending into a core Midwest market.
“Heartland Home Services, a Midwestern HVAC, plumbing, and electrical home services company, announced that it has acquired The Thielmann Group, a provider of HVAC services in Southeast Wisconsin.”
Heartland's CEO described an ongoing strategy of adding home service partner brands to expand its Midwest reach.
“We are very optimistic about this market as we continue to add fantastic partners that have strong roots and excellent leadership. Our expectations are high as we continue to partner with the best home service brands in the Midwest!”
Heartland Home Services, a Midwestern HVAC/plumbing/electrical home services platform, acquired The Thielmann Group in Southeast Wisconsin, extending into a core Midwestern market.
“Heartland Home Services, a Midwestern HVAC, plumbing, and electrical home services company, announced that it has acquired The Thielmann Group, a provider of HVAC services in Southeast Wisconsin.”
Air Pros USA describes itself as a fast-growing national platform with 500 vehicles, 600 staff, and operations in eight states and over a dozen metros, integrating acquired companies onto its platform.
“Air Pros USA operates in eight states and more than a dozen metro areas including Miami, Orlando, Dallas, Atlanta, Colorado Springs, Mobile, and Spokane.”
Fort Lauderdale-based Air Pros USA acquired South Florida HVAC, generator, and home-services company Personalized Air Conditioning, integrating it fully into the Air Pros USA platform and adding electrical, lighting, pool heating, and generator services.
“Fort Lauderdale-based Air Pros USA announced the acquisition of Personalized Air Conditioning, a South Florida-based HVAC, generator, and home services company that has been supporting the local community since 1970.”
Air Pros USA describes itself as a fast-growing platform operating in eight states and more than a dozen metro areas, with 500 vehicles and 600 technicians and staff, integrating acquired companies onto its platform.
“Nationally, Air Pros USA has 500 vehicles, 600 technicians and staff, and a customer base of nearly half a million. 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 Personalized Air Conditioning, a South Florida HVAC, generator, and home services company, with full operational and sales integration into the Air Pros USA platform.
“Fort Lauderdale-based Air Pros USA announced the acquisition of Personalized Air Conditioning, a South Florida-based HVAC, generator, and home services company that has been supporting the local community since 1970.”
Heartland's CEO frames the Air Master deal as part of an ongoing strategy of partnering with home-service brands across the Midwest, indicating active regional roll-up activity.
“We are optimistic about this market as we continue to add fantastic partners that have strong roots and excellent company cultures. Our expectations are high as we continue to partner with the best home service brands in the Midwest”
Heartland Home Services, an HVAC/plumbing/electrical home-services provider, acquired Air Master Heating and Air Conditioning of Ferndale, Michigan, adding density to its Detroit market. Terms were not disclosed.
“Heartland Home Services, a provider of HVAC, plumbing, and electrical home services, announced that it has acquired Air Master Heating and Air Conditioning, a provider of HVAC services in Ferndale, Michigan and the surrounding areas in Southeast Michigan.”
Heartland's CEO frames the Air Master deal as part of an ongoing strategy to add partner brands across the Midwest.
“Our expectations are high as we continue to partner with the best home service brands in the Midwest," added Heartland CEO Bill Viveen.”
Heartland Home Services acquired Air Master Heating and Air Conditioning of Ferndale, Michigan, adding density in the Detroit market. Terms were not disclosed; founder and management team stay on.
“Heartland Home Services, a provider of HVAC, plumbing, and electrical home services, announced that it has acquired Air Master Heating and Air Conditioning, a provider of HVAC services in Ferndale, Michigan and the surrounding areas in Southeast Michigan.”
Midwestern HVAC/plumbing/electrical platform Heartland Home Services acquired Williams Heating and Cooling, a 100+ year HVAC provider in the Detroit Metro area, strengthening its Michigan presence.
“Heartland Home Services, a Midwestern HVAC, plumbing, and electrical home services company, announced that it has acquired Williams Heating and Cooling, a provider of HVAC services in the Detroit Metro area for over 100 years. The addition of Williams strengthens Heartland's presence in the state of Michigan and bolsters the company's service offerings in the Detroit Metro area.”
Heartland Home Services, a Midwestern HVAC, plumbing, and electrical home services company, acquired Williams Heating and Cooling, strengthening its presence in Michigan and the Detroit Metro area.
“Heartland Home Services, a Midwestern HVAC, plumbing, and electrical home services company, announced that it has acquired Williams Heating and Cooling, a provider of HVAC services in the Detroit Metro area for over 100 years.”
Comfort Systems USA entered into an amended and restated senior credit facility on May 25, 2022, increasing its line of credit from $600 million to $850 million. The facility, arranged by Wells Fargo, includes an option to increase commitments further and permits unlimited acquisitions when net leverage is at or below 3.25x.
“the Company entered into an amended and restated senior credit facility (the “Facility”) with certain subsidiaries of the Company, as guarantors (the “Guarantors”), arranged by Wells Fargo Bank, National Association (the “Agent”) and provided by a syndicate of banks including Wells Fargo Bank, National Association and other lenders from time to time party thereto (the “Lenders”).”
SEER Group CEO Darrin Erdahl states the Bertsch acquisition reinforces the company's commitment to expanding in Idaho as it continues toward a national footprint.
“This acquisition reinforces our commitment to expanding in Idaho as we continue towards a national footprint.”
The SEER Group LLC acquired a majority stake in J.A. Bertsch Heating & Cooling of Coeur d'Alene, Idaho — its twenty-fifth acquisition overall and fifth this year, reinforcing its Idaho expansion toward a national footprint.
“The SEER Group LLC announced the acquisition of a majority stake in J. A. Bertsch Heating & Cooling located in Coeur d’Alene, Idaho. This is the twenty-fifth acquisition for The SEER Group LLC and its fifth acquisition this year.”
Southern HVAC operates HVAC, plumbing, and electrical home service businesses; AirNow joins its family of seventeen other service brands across eight states.
“As part of the broader Southern HVAC team, AirNow joins Southern HVAC's family of seventeen other service brands across eight states.”
Southern HVAC Corporation acquired AirNow Cooling & Heating of Montgomery, Alabama, its first acquisition in Alabama, adding AirNow to its family of 17 other service brands across eight states.
“Southern HVAC Corporation announced the recent acquisition of AirNow Cooling & Heating. The acquisition represents Southern HVAC's first acquisition in the state of Alabama.”
The SEER Group framed the Bertsch deal as reinforcing its expansion in Idaho as it builds toward a national footprint, signaling an active roll-up strategy.
“This acquisition reinforces our commitment to expanding in Idaho as we continue towards a national footprint.”
The SEER Group LLC acquired a majority stake in Idaho-based J. A. Bertsch Heating & Cooling, its 25th acquisition overall and fifth of the year, continuing its consolidation push toward a national footprint.
“The SEER Group LLC announced the acquisition of a majority stake in J. A. Bertsch Heating & Cooling located in Coeur d’Alene, Idaho. This is the twenty-fifth acquisition for The SEER Group LLC and its fifth acquisition this year.”
SF&P's Silberstein dates the current consolidation trend to 2015 with the creation of The Wrench Group, noting capital keeps flowing as financing remains available.
“The current consolidation trend started in 2015, with the creation of The Wrench Group, Silberstein said.”
Ken Goodrich, CEO of PE-backed Goettl Air Conditioning & Plumbing, argues a '90s-style collapse is unlikely because today's PE firms bring better management, data, and intellectual capital, and aren't pressured by Wall Street quarterly results.
“Ken Goodrich, CEO of Goettl Air Conditioning & Plumbing, a PE-backed HVAC firm, said a collapse of that scale is unlikely.”
SF&P's Silberstein describes differing buyer strategies: Apex Service Partners wants a presence in each top-50 market, while The Wrench Group focuses on larger operations.
“Apex Service Partners wants a presence in each top 50 market. The Wrench Group focuses on larger operations.”
Broker Fred Silberstein dates the current HVAC consolidation wave to the 2015 creation of The Wrench Group, with capital still flowing as financing remains available.
“The current consolidation trend started in 2015, with the creation of The Wrench Group, Silberstein said. Right now, money keeps pouring in as financing remains available and investors seek returns.”