Every PE/M&A signal we can find, concrete deals and the broader market mood, each pinned to a
verbatim quote from its source. 64 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.
Right Time Heating and Air Conditioning Canada, a multi-location residential HVAC contractor, formed a 50/50 partnership with private equity firm Clairvest Group in November 2018, establishing a PE-backed residential HVAC roll-up platform.
“Right Time Heating and Air Conditioning Canada, the multi-location HVAC contractor now with 10 sites across Ontario and Manitoba, has acquired M&K Climate Care of London, Ont. This is the second acquisition completed by Right Time since announcing its 50/50 partnership with Toronto-based private equity firm Clairvest Group”
Huron Capital partnered with Dan Bueschel and acquired Pueblo in December 2017 to pursue a buy-and-build roll-up strategy in the Southwestern US commercial HVAC market.
“Huron Capital partnered with Dan Bueschel and acquired Pueblo in December 2017 to pursue an ExecFactor® buy-and-build strategy in the commercial HVAC market in the Southwestern United States. This is the fifth add-on acquisition completed by Pueblo.”
Huron Capital formed Pueblo in December 2017 to pursue a buy-and-build strategy in the commercial HVAC market in the Southwestern U.S.; the platform now exceeds $100 million in annual revenue.
“Huron Capital formed Pueblo in December 2017 to pursue a buy-and-build strategy in the commercial HVAC market in the Southwestern U.S.”
The Wrench Group is described as a home maintenance and repair company spanning HVAC, plumbing and electrical services, pursuing a long-term plan to partner with high-quality companies via acquisitions.
“The Wrench Group, a home maintenance and repair company specializing in heating, ventilation, air conditioning, plumbing, and electrical services”
ElectricalHVACPlumbing
www.achrnews.com The Wrench Group home-services platform was formed in March 2016; the Baker Brothers deal was its first acquisition.
“Baker Brothers represents the first acquisition for Wrench since its formation in March, 2016.”
Huron Capital acquired Pueblo Mechanical in 2017 and brought in Dan Bueschel as CEO through its ExecFactor program, which identifies a specific sector and partners with an experienced CEO to execute a buy-and-build thesis.
“Huron acquired Pueblo in 2017 and brought in Dan Bueschel as CEO through the ExecFactor® program.”
HVAC Positive
www.achrnews.com IES Holdings acquired STR Mechanical, a mechanical (HVAC) services provider in Charlotte, NC, in April 2016. The acquisition is described as having a service focus and bringing an industry veteran, serving as a platform for further add-on acquisitions in the Commercial & Industrial segment.
“STR Mechanical April 2016 Mechanical (HVAC) services (Charlotte, NC) Service focus Industry veteran Commercial & Industrial”
The deal is framed as building on Source's platform as a leading independent provider of commercial refrigeration and HVAC services in North America, with the PE operating partner citing continued commitment to expand the platform.
“Source Refrigeration & HVAC said the acquisition builds on its strong platform as a leading independent provider of commercial refrigeration and HVAC services in North America, serving the nation’s top supermarket chains, many of the largest convenience store chains, and leading telecommunications and industrial companies.”
Buckeye Ventures' business plan is to consolidate small and mid-sized local and regional HVAC and plumbing contractors into a national conglomerate. The newly appointed CEO, Alan Mintz, has extensive experience in HVAC consolidation, including acquiring over 100 companies for Blue Dot Services.
“During the past two years, Mr. Mintz together with Larry Weinstein worked on the development of the business plan of Buckeye to consolidate small and mid sized local and regional and HVAC and plumbing contractors into a national conglomerate.”
P1 Service Group was founded in 2021 as a growth partner for home service companies, backed by Edgewater Funds. It supports residential HVAC, plumbing, and electrical partner companies with a 'people first' approach, targeting companies with $10 to $100 million in annual revenue.
“Founded in 2021, P1 Service Group is an industry-leading growth partner to home service companies across the country. P1 supports its residential HVAC, plumbing, and electrical partner companies with a ‘people first’ approach, providing resources in the areas of recruiting, marketing, finance, training, leadership, acquisitions, business strategy, call center management, equipment pricing and procurement, and more. P1 partners with home service companies in the range of $10 to $100 million in annual revenue that share in the belief of its mission.”
Apex Service Partners is highlighted as a buy-and-build company that consolidates HVAC businesses to create a larger regional or national entity.
“Apex Service Partners is another buy-and-build company that consolidates HVAC businesses to create a larger regional or national entity.”
Wrench Group is cited as an example of a residential HVAC, plumbing, and electrical services platform formed through private equity backing from firms including Oak Hill Capital and Leonard Green & Partners.
“For example, Wrench Group is a residential HVAC, plumbing, and electrical services platform backed by several private equity firms, such as Oak Hill Capital and Leonard Green & Partners.”
Private equity firm Dubin Clark purchased Sila and Jones, forming the platform that later became Sila Services, which has been bought and sold between PE firms for the past decade.
“This has been the case for years now, going back to 2020 when Dubin Clark (another private equity firm who already owned Astar) purchased Sila and Jones.”
Southern Home Services is described as a PE-backed contracting consolidator that acquires and operates home service companies, headquartered in Maitland, Florida.
“Southern Home Services](https://www.southernhomeservices.com/), a fast-growing contracting company headquartered in Maitland, Florida, that uses private equity to acquire and operate successful home service companies.”
HVACPlumbing
www.servicetitan.com 