Every PE/M&A signal we can find, concrete deals and the broader market mood, each pinned to a verbatim quote from its source. 83 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.
Alpine Investors built the Wrench Group to over $150 million in revenues and sold it to Investcorp in 2016.
“The firm will follow the strategy it used to build the Wrench Group, an HVAC and plumbing services platform serving the Atlanta, Dallas, Houston, and Phoenix markets, which grew to over $150 million in revenues and was subsequently sold to Investcorp in 2016.”
The article discloses that Audax Private Equity completed a majority recapitalization of Source Refrigeration & HVAC in December 2015, establishing PE ownership of the platform.
“Audax Private Equity completed a majority recapitalization of Source in December 2015.”
Audax Private Equity completed a majority recapitalization of Source Refrigeration & HVAC in December 2015, establishing PE ownership of the commercial refrigeration platform.
“Audax Private Equity completed a majority recapitalization of Source in December 2015.”
A related-article link on the page references The SEER Group LLC acquiring a majority stake in Aladdin Air Conditioning & Heating Inc. The SEER Group is an HVAC roll-up platform. No date or detail is given in this source.
“The SEER Group LLC Acquires Majority Stake in Aladdin Air Conditioning & Heating Inc.”
Minneapolis-based commercial HVAC mechanical services firm Modern Heating and Air Conditioning was acquired by MSHC Inc., doing business as Service Logic, one of the largest independent HVAC mechanical services companies in the US.
“DENVER — Modern Heating and Air Conditioning Inc., headquartered in Minneapolis, has been acquired by MSHC Inc., dba Service Logic, headquartered in Denver.”
Two years before this article, Ken Goodrich acquired Goettl Air Conditioning, subsequently restructuring management and restoring the brand to profitability.
“It has been two years since Ken Goodrich acquired [Goettl Good Guys Air Conditioning Repairmen](http://www.goettl.com/).”
Service Experts Heating & Air Conditioning announced a strategic multimillion-dollar acquisition of Maryland-based A-Plus Air Conditioning & Heating, expanding into northeast Virginia and south central Maryland with no service-area overlap.
“Service Experts Heating & Air Conditioning , Wheeling, Illinois, announced a strategic acquisition of Bryans Road, Maryland-based A-Plus Air Conditioning & Heating Co. The multimillion dollar purchase allows Service Experts to expand its footprint into northeast Virginia and south central Maryland.”
Service Experts had been owned by private equity firm American Capital, which acquired the HVAC services company in 2013.
“Service Experts is currently owned by American Capital, Bethesda, Md., which acquired the company in 2013.”
Service Experts Heating and Air Conditioning has acquired Jones Heating & Air Co., a Morristown, Tennessee-based contracting company founded in 1986. The acquisition expands Service Experts' footprint in Tennessee.
“Service Experts Heating and Air Conditioning announced that it has acquired Jones Heating & Air Co., a Morristown, Tenn., contracting company founded in 1986 by Larry and Cheryl Jones.”
SCIenergy Inc. has completed its acquisition of Transcend Equity, a provider of energy-saving retrofits for commercial buildings. The deal positions SCIenergy as a global leader in Energy Efficiency as-a-Service and includes a joint venture agreement with Mitsui & Co. (U.S.A.) Inc.
“SCIenergy Inc., a leader in providing cloud-based energy management solutions for building owners and operators, announced that it has successfully completed the acquisition of Transcend Equity, a leader in delivering energy saving retrofits for commercial buildings.”
American Residential Services' ARS/Rescue Rooter acquired the assets of D.C.-based McCarthy Services, its first acquisition in the Washington, D.C. market, expanding its residential/commercial HVAC and plumbing services.
“ARS®/Rescue Rooter®, a privately held, nationwide provider of air conditioning, heating, plumbing, insulation, radiant barrier, and ventilation services, has announced the acquisition of the assets of Washington, D.C.-based McCarthy Services.”
American Residential Services' ARS/Rescue Rooter acquired the assets of D.C.-based McCarthy Services, its first acquisition in the Washington, D.C. market.
“ARS®/Rescue Rooter®, a privately held, nationwide provider of air conditioning, heating, plumbing, insulation, radiant barrier, and ventilation services, has announced the acquisition of the assets of Washington, D.C.-based McCarthy Services.”
Comfort Systems USA, Inc. entered into a stock purchase agreement to acquire all outstanding stock of ColonialWebb Contractors Company for approximately $81.3 million, consisting of $57.1 million in cash and $24.2 million in notes, with a working capital adjustment and four-year earn-out.
“On July 28, 2010, Comfort Systems USA, Inc. (the “Company”) entered into a stock purchase agreement (the “Stock Purchase Agreement”) to purchase all of the issued and outstanding stock of ColonialWebb Contractors Company (“ColonialWebb”) from HWWJR LC, HMWSR LC, Mitchell Frederick Haddon, Gary Jon Warness, and Curtis Michael Wood.”
Comfort Systems USA, Inc. completed the acquisition of ColonialWebb Contractors Company, purchasing all of its issued and outstanding stock. The deal was announced on July 28, 2010, and ColonialWebb became a wholly-owned subsidiary of Comfort Systems USA.
“Comfort Systems USA, Inc. (the “Company”) entered into a stock purchase agreement (the “Stock Purchase Agreement”), dated July 28, 2010, to purchase all of the issued and outstanding stock of ColonialWebb Contractors Company, a Virginia corporation (“ColonialWebb”). As a result of the acquisition, ColonialWebb is a wholly-owned subsidiary of the Company.”
Comfort Systems USA, Inc. completed the acquisition of ColonialWebb, as evidenced by the filing of a Stock Purchase Agreement dated July 28, 2010, and the inclusion of ColonialWebb's audited financial statements in this amended 8-K filing.
“Press release dated July 28, 2010 (i) announcing the Company’s acquisition of ColonialWebb and (ii) discussing the Company’s second quarter earnings”
Comfort Systems USA, Inc. announced certain acquisitions on January 6, 2010, as reported in a Form 8-K filing with the SEC. The specific targets are not named in this excerpt, but the filing references a press release detailing the transactions.
“On January 6, 2010, Comfort Systems USA, Inc. (the “Company”) issued a press release announcing certain acquisitions of the Company.”
Comfort Systems USA, Inc. announced the acquisition of Delcard Associates, Inc., a full-service commercial HVAC company based in Wilmington, Delaware. The deal was announced via press release on August 18, 2008.
“Attached and incorporated herein by reference as Exhibit 99.2 is a copy of a press release of the Company dated August 18, 2008 announcing that it has acquired Delcard Associates, Inc., a Delaware corporation and a full service commercial HVAC company based in Wilmington, Delaware.”
ARS/Rescue Rooter, through parent American Residential Services L.L.C., acquired Boston-area HVAC and plumbing contractor Climate Zone, marking its first presence in Massachusetts.
“BOSTON - ARS/Rescue Rooter, a nationwide provider of heating, air conditioning, and plumbing services, has acquired Climate Zone, based out of Bradford, Mass., through parent company American Residential Services L.L.C.”
Comfort Systems USA, Inc. announced it has acquired Merit Mechanical, Inc., a full-service commercial HVAC company based in Redmond, Washington. The acquisition was announced via a press release dated March 4, 2008.
“Attached and incorporated herein by reference as Exhibit 99.1 is a copy of a press release of the Company dated March 4, 2008 announcing that it has acquired Merit Mechanical, Inc., a full service commercial HVAC company based in Redmond, Washington.”
Comfort Systems USA announced it has acquired Riddleberger Brothers, Inc., a full-service commercial HVAC company based in Mount Crawford, Virginia.
“Press Release of Comfort Systems USA, Inc. dated February 28, 2008 announcing that it has acquired Riddleberger Brothers, Inc., a full service commercial HVAC company based in Mount Crawford, Virginia.”
EMCOR Group, Inc. completed its acquisition of Ohmstede, Ltd., a provider of aftermarket maintenance, repair, and fabrication services for heat exchangers in the refinery and petrochemical industries, for approximately $455 million in cash. The deal was slightly accretive to diluted earnings per share in Q3 2007.
“During the quarter, the Company completed its acquisition of Ohmstede, Ltd. ("Ohmstede"), the leading provider of aftermarket maintenance and repair services, replacement parts and fabrication services for highly engineered shell and tube heat exchangers for the refinery and petrochemical industries, for approximately $455 million in cash, as previously announced.”
EMCOR Group, Inc. completed its acquisition of all outstanding capital stock of FR X Ohmstede Acquisitions Co. (Ohmstede) on September 19, 2007, for approximately $457 million in cash. Ohmstede became a wholly owned subsidiary of EMCOR.
“On September 19, 2007, EMCOR Group, Inc., a Delaware corporation (the “Company”), completed its acquisition of all of the outstanding capital stock of FR X Ohmstede Acquisitions Co., a Delaware corporation (along with its subsidiaries, “Ohmstede”), pursuant to a Purchase and Sale Agreement, dated August 20, 2007 (the “Purchase Agreement”), with FR X Ohmstede Holdings LLC, a Delaware limited liability company (“Ohmstede Holdings”). As a result of the acquisition, Ohmstede became a wholly owned subsidiary of the Company.”
EMCOR Group, Inc. entered into a $300 million term loan agreement to finance a portion of the consideration for its acquisition of FR X Ohmstede Acquisition Co. The transaction closed on September 19, 2007.
“The $300,000,000 loan proceeds were used to pay a portion of the consideration for the acquisition of FR X Ohmstede Acquisition Co., a Delaware corporation (“Ohmstede”), and costs and expenses incident thereto.”
EMCOR Group, Inc. completed the acquisition of all outstanding capital stock of FR X Ohmstede Acquisitions Co. from FR X Ohmstede Holdings LLC, a portfolio company of First Reserve Fund X, L.P. The deal was originally reported on September 21, 2007, and this filing provides the required financial statements.
“EMCOR Group, Inc., a Delaware corporation (“EMCOR”), completed the acquisition of all of the outstanding capital stock of FR X Ohmstede Acquisitions Co., a Delaware corporation (“Ohmstede”), pursuant to a Purchase and Sale Agreement, dated August 20, 2007 (the “Purchase Agreement”) with FR X Ohmstede Holdings LLC, a Delaware limited liability company (“Ohmstede Holdings”).”
Comfort Systems USA, Inc. announced on March 16, 2007, that it has acquired Madera Mechanical Company, which is based in Tucson, Arizona.
“a copy of a press release of the Company dated March 16, 2007 announcing that it has acquired Madera Mechanical Company based in Tucson, Arizona.”
Source Refrigeration & HVAC (later CoolSys), a leading independent commercial refrigeration services provider in 12 Western states, was acquired by PE firm Arsenal Capital Partners from Valor Equity Management and Denargo Capital. Management retained a meaningful stake.
“Source Refrigeration & HVAC Inc. announced that it has been acquired by Arsenal Capital Partners, a New York-based private equity firm that invests in middle-market manufacturing and services companies. Arsenal acquired Source from Valor Equity Management and Denargo Capital LLC. Source's management will continue to own a meaningful stake in the company.”
Linc Facility Services LLC (LFS) has purchased Ferguson-Williams LLC, a provider of facility operations and maintenance services to the federal government. The acquisition is intended to expand LFS's international facility management footprint and better serve customers in the federal market. Ferguson-Williams will retain its name but be branded as 'A Linc Facility Services Company'.
“HOUSTON - Linc Facility Services LLC (LFS) has purchased Ferguson-Williams LLC, a provider of facility operations and maintenance services to the federal government.”
Automated Logic Corp., a Carrier company and unit of United Technologies Corp., has acquired two independent dealers from Comfort Systems USA: United Environmental Services L.P. of Houston and Comfort Systems USA of Twin Cities Inc. of Minneapolis. These acquisitions mark the creation of Automated Logic's first branch offices.
“Automated Logic Corp., a Carrier company and a unit of United Technologies Corp. (UTC), has acquired two of Comfort Systems USA's independent dealers - United Environmental Services L.P. of Houston, and Comfort Systems USA of Twin Cities Inc. of Minneapolis.”
Huron Capital's portfolio company The Exigent Group acquired Smith-Boughan Mechanical and Electrical Automation Systems (EASI), marking the platform's sixth and seventh acquisitions since its 2022 launch and expanding into a fourth region.
“Leading lower middle-market private equity firm Huron Capital (“Huron”) announced its portfolio company, The Exigent Group (“Exigent,” or the “Company”), acquired Smith-Boughan Mechanical (“Smith-Boughan”) and, in a separate transaction, Electrical Automation Systems (“EASI”).”
Plumbline Services in Centennial and Denver is listed as a PE roll-up owned by Wrench Group and Leonard Green.
“Plumbline Services Centennial / Denver Wrench Group / Leonard Green”
Swan Heating & Air in Loveland and Denver is listed as a PE roll-up owned by Champions Group and Blackstone.
“Swan Heating & Air Loveland / Denver Champions Group / Blackstone”
Welzig Heating & Air in Longmont is listed as a PE roll-up owned by Apex Service Partners and Alpine.
“Welzig Heating & Air Longmont Apex Service Partners / Alpine”
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.”