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.
Signal volume over time
1,106 dated signals shown · 42 undated (excluded from the chart).
CoolSys, a national refrigeration and HVAC service provider, acquired Triangle Refrigeration, a commercial HVAC/refrigeration/plumbing services provider, expanding its footprint across Pennsylvania, Maryland, New Jersey, and New York.
“CoolSys announced Nov.10 it has acquired Triangle Refrigeration, a provider of commercial HVAC, refrigeration, plumbing, and monitoring services in Pennsylvania, Maryland, New Jersey, and New York. With this acquisition, CoolSys expands its market presence throughout the Northeast and Mid-Atlantic regions.”
CoolSys acquired Triangle Refrigeration, a commercial HVAC, refrigeration, plumbing and monitoring services provider, expanding its presence in the Northeast and Mid-Atlantic, complementing prior regional acquisitions.
“CoolSys announced it has acquired Triangle Refrigeration, a leading provider of commercial HVAC, refrigeration, plumbing, and monitoring services in Pennsylvania, Maryland, New Jersey, and New York. With this acquisition, CoolSys expands its market presence throughout the Northeast and Mid-Atlantic regions, complementing service coverage areas strengthened by prior acquisitions in those regions.”
Right Time Group of Companies acquired furnaceguys Home Heating & Cooling of Saskatoon. The article states this is the tenth acquisition completed by Right Time and its PE backer Gryphon Investors, and the first Saskatchewan-based acquisition, expanding the platform across Canada.
“furnaceguys is the tenth acquisition completed by Right Time and Gryphon Investors, and the first Saskatchewan-based acquisition.”
Right Time Group of Companies acquired furnaceguys Home Heating & Cooling, its tenth acquisition with sponsor Gryphon Investors and first in Saskatchewan, expanding across Canada.
“furnaceguys is the tenth acquisition completed by Right Time and Gryphon Investors, and the first Saskatchewan-based acquisition.”
furnaceguys marks the tenth acquisition completed by Right Time and Gryphon Investors and its first Saskatchewan-based acquisition, with Right Time majority-owned by Gryphon Investors.
“Furnaceguys marks the tenth acquisition completed by Right Time and Gryphon Investors, and the first Saskatchewan-based acquisition.”
Right Time, majority-owned by Gryphon Investors, acquired Saskatoon-based residential HVAC contractor furnaceguys Home Heating & Cooling, its tenth acquisition and first in Saskatchewan.
“Right Time Group of Companies has announced the acquisition of [furnaceguys Home Heating & Cooling](https://www.furnaceguys.com/).”
Southern HVAC has a vice president of acquisitions (Jarrod Brinker), indicating a structured, ongoing roll-up acquisition program rather than a one-off purchase.
“said Jarrod Brinker, vice president of acquisitions at Southern HVAC.”
Southern HVAC Corporation announced the acquisition of The Plumbing & Air Service Company (TPASC), a contractor serving the Greensboro and Winston-Salem, NC markets. The deal is framed as a partnership ushering TPASC into its next growth phase under Southern HVAC's acquisitions program.
“KERNERSVILLE, N.C. — Southern HVAC Corporation announced the acquisition of The Plumbing & Air Service Company servicing the greater Greensboro and Winston-Salem, North Carolina, markets.”
Southern HVAC Corporation announced the acquisition of The Plumbing & Air Service Company (TPASC), serving the Greensboro and Winston-Salem, NC markets.
“KERNERSVILLE, N.C. — Southern HVAC Corporation announced the acquisition of The Plumbing & Air Service Company servicing the greater Greensboro and Winston-Salem, North Carolina, markets.”
Gryphon deal/operating partners reference Right Time, in which Gryphon invested the prior December and which has performed ahead of expectations, as highly complementary to the Southern HVAC acquisition.
““The acquisition of Southern HVAC represents an excellent strategic fit for Gryphon’s North American residential services strategy and is highly complementary to Right Time, which has performed ahead of expectations since our investment this past December,” said Alex Earls, Gryphon deal partner, and Jeff Balagna, Gryphon operating partner.”
Southern HVAC's CEO characterizes residential HVAC, plumbing, and electrical services as highly fragmented and aims to expand its leading position across Texas, the Southeast, and Midwest with Gryphon and Right Time support.
““Residential HVAC, plumbing, and electrical services remains a highly fragmented industry, with demand growth being driven as consumers spend more time in their homes,” said Benak. “We aim to expand our position as the leading residential services provider across Texas, the Southeastern U.S., and Midwestern U.S. with support from Gryphon, Ian, and Right Time.””
As part of the transaction, Ian McKeen — formerly president and COO of Service Experts — became CEO of the new NAEHS holding company.
“As part of the transaction, Ian McKeen has become CEO of NAEHS. McKeen, a dual U.S. and Canadian citizen, has spent more than 25 years in the home services industry and previously served as president and chief operating officer of Service Experts.”
Southern HVAC and Right Time will be owned by a new holding company, North American Essential Home Services (NAEHS), operating independently under existing brands while sharing scale.
“Southern HVAC and Right Time will be owned by NAEHS (North American Essential Home Services), but will continue to operate independently, retaining their existing brand names and current management teams, while leveraging the combined scale and scope of the two businesses.”
As part of the Gryphon transaction, Ian McKeen, former president and COO of Service Experts, became CEO of the new NAEHS holding company.
“As part of the transaction, Ian McKeen has become CEO of NAEHS. McKeen, a dual U.S. and Canadian citizen, has spent more than 25 years in the home services industry and previously served as president and chief operating officer of Service Experts.”
Gryphon announced new holding company North American Essential Home Services (NAEHS) to own both Southern HVAC and Right Time as independently operating businesses, sharing scale advantages.
“Southern HVAC and Right Time will be owned by NAEHS (North American Essential Home Services), but will continue to operate independently, retaining their existing brand names and current management teams, while leveraging the combined scale and scope of the two businesses.”
ABM Industries announced the closing of its previously announced acquisition of Able Services, a facilities services company headquartered in San Francisco. The deal adds scale to ABM's core businesses, expands its engineering and technical services, and bolsters sustainability and energy efficiency offerings.
“ABM Industries (NYSE: ABM) announced today the closing of its previously announced acquisition of Able Services, a leading facilities services company headquartered in San Francisco.”
Imperial Capital framed the Haley deal as 'just the beginning' for Frontier, stating the platform will continue to expand through acquisitions and partnerships in the residential trades.
“We see tremendous opportunity to deploy our Back/Buy/Build investment strategy within the residential HVAC, plumbing and electrical services industry and this is just the beginning for Frontier,” said Eugene Polevoy, principal of Imperial Capital, Frontier’s capital partner.”
Frontier Service Partners named Tim O'Reilly, formerly CFO of Del-Air Heating and Air Conditioning, as its founding chief financial officer.
“Frontier Service Partners announced its partnership with Tim O’Reilly as founding chief financial officer. Tim is a chartered professional accountant with experience in the residential HVAC and plumbing industry, most recently at Del-Air Heating and Air Conditioning, where he served as CFO.”
Frontier Service Partners, the Imperial Capital-backed platform, named industry veteran Dean Fulton (ex-Hiller, ex-Service Experts) as founding CEO to lead its roll-up of residential HVAC and plumbing brands.
“Frontier Service Partners announced its partnership with Dean Fulton as founding CEO. Fulton is an industry veteran with over 30 years in the residential HVAC and plumbing industry, most recently at Hiller Plumbing, Heating and Cooling, where he served as chief operating officer and vice president of sales.”
Newly formed PE-backed platform Frontier Service Partners made its first add-on, acquiring Ann Arbor, Michigan residential HVAC company Haley Mechanical, with founder Henry Haley staying on as a division GM and Frontier shareholder.
“Frontier Service Partners acquired Haley Mechanical.”
Imperial Capital Group Ltd. launched Frontier Service Partners, a PE-backed platform to roll up residential HVAC, plumbing, and electrical services businesses using a Back/Buy/Build strategy.
“NASHIVLLE, Tenn. — Imperial Capital Group Ltd. announced the launch of Frontier Service Partners.”
Imperial Capital signaled Frontier would continue expanding through acquisitions and partnerships, framing the Haley deal as 'just the beginning' of the platform's roll-up.
“Frontier will continue to expand through acquisitions and partnerships while maintaining a focus on best-in-class service.”
Frontier's CEO stated intent to invest heavily in Michigan and continue expanding through acquisitions and partnerships to build a multi-regional home services company.
“We intend to invest heavily in Michigan, where Haley Mechanical currently operates, as we build a multi-regional home services company.”
Frontier Service Partners, the Imperial Capital-backed platform, acquired Haley Mechanical, a residential HVAC company in the Ann Arbor, Michigan area, as its first add-on. Founder Henry Haley stays on as general manager and shareholder.
“Frontier Service Partners acquired Haley Mechanical.”
Imperial Capital Group Ltd. launched Frontier Service Partners as a residential HVAC, plumbing, and electrical services roll-up platform pursuing a Back/Buy/Build strategy.
“NASHIVLLE, Tenn. — Imperial Capital Group Ltd. announced the launch of Frontier Service Partners.”
SEER Group CEO framed the Columbia NW acquisition as reinforcing commitment to growing its Oregon footprint while supporting a national growth plan, signaling ongoing roll-up consolidation.
“This acquisition reinforces our commitment to growing our footprint in Oregon while supporting our national growth plan.”
The SEER Group LLC announced its sixteenth acquisition, Columbia NW Heating & Air Conditioning, its third acquisition in Oregon after Specialty Heating & Cooling and Climate Control in 2019.
“The SEER Group LLC announced its sixteenth acquisition, Columbia NW Heating & Air Conditioning. This is the third acquisition for The SEER Group LLC in Oregon after its acquisition of Specialty Heating & Cooling and Climate Control in 2019.”
The SEER Group · Acquirer Climate Control · Mentioned Columbia NW Heating & Air Conditioning · Target Specialty Heating & Cooling · Mentioned
The SEER Group LLC announced its sixteenth acquisition, Columbia NW Heating & Air Conditioning, its third acquisition in Oregon, reinforcing its Oregon footprint and national growth plan.
“The SEER Group LLC announced its sixteenth acquisition, Columbia NW Heating & Air Conditioning. This is the third acquisition for The SEER Group LLC in Oregon after its acquisition of Specialty Heating & Cooling and Climate Control in 2019.”
Peak Rock Capital provided strategic growth financing to Air Pros in September 2021 to support additional acquisitions and market expansion, marking the platform's PE-backed roll-up phase.
“Peak Rock Capital, a middle-market private investment firm, provided strategic growth financing in September 2021. This capital was intended to support additional acquisitions and market expansion.”
With the acquisition of T&O Refrigeration, CoolSys expands its market presence throughout the Southeast, significantly increasing market share in Georgia and Nashville, Tennessee.
“With this acquisition, CoolSys expands its market presence throughout the Southeast with significantly increased market share in Georgia and Nashville, Tennessee.”
Related-article links show CoolSys executing a string of refrigeration services acquisitions (T&O, Triangle Refrigeration, Duquette Refrigeration), indicating an ongoing roll-up of independent refrigeration contractors.
The new CEO thanks PE sponsor Gryphon Investors for supporting continued growth across Canada, evidencing an ongoing PE-backed HVAC consolidation play.
“Thank you to our partners at Gryphon Investors for their tremendous support and encouragement as we continue the phenomenal growth throughout Canada.”
Right Time Group of Companies has a new CEO, Craig Goettler, who led the Anchor Home Comfort acquisition as his first deal at the PE-backed (Gryphon Investors) consolidator.
“Anchor Home Comfort is the ninth acquisition completed by Right Time and the first led by the company’s new CEO, Craig Goettler.”
Right Time Group of Companies acquired Anchor Home Comfort, its ninth acquisition and the first led by new CEO Craig Goettler. The CEO credits PE sponsor Gryphon Investors for supporting the Canada-wide growth.
“Anchor Home Comfort is the ninth acquisition completed by Right Time and the first led by the company’s new CEO, Craig Goettler.”
Anchor Home Comfort is the ninth acquisition completed by Right Time, reflecting an ongoing PE-backed national HVAC consolidation across Canada under Gryphon Investors.
“Anchor Home Comfort is the ninth acquisition completed by Right Time and the first led by the company’s new CEO, Craig Goettler.”
Gryphon Investors-backed Right Time Group of Companies acquired Anchor Home Comfort, its ninth acquisition and first under new CEO Craig Goettler, continuing its Canadian HVAC roll-up.
“Right Time Group of Companies announced the acquisition of Anchor Home Comfort. Terms of the transaction were not disclosed.”
Wrench Group LLC announced that Boothe's Heating, Air & Plumbing joined its family of regional brands, marking Wrench Group's first move into the mid-Atlantic. Terms were not disclosed.
“Wrench Group LLC announced that Boothe’s Heating, Air & Plumbing has joined the company’s family of regional brands. Terms of the transaction were not disclosed.”
Wrench Group LLC acquired Boothe's Heating, Air & Plumbing, marking Wrench's first expansion into the mid-Atlantic. Terms were not disclosed.
“Wrench Group LLC announced that Boothe’s Heating, Air & Plumbing has joined the company’s family of regional brands. Terms of the transaction were not disclosed.”
