Every PE/M&A signal we can find, concrete deals and the broader market mood, each pinned to a
verbatim quote from its source. 1670 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
1,577 dated signals shown · 93 undated (excluded from the chart).
The platform reached $40 million in revenue and $5 million in EBITDA by September 2023 across 16 companies. The CEO aims to scale to $100 million in revenue and $15 million in EBITDA before pursuing a strategic exit.
“The platform reached approximately $40 million in revenue and $5 million in EBITDA by September 2023 across 16 companies. Howard's stated goal is to scale to $100 million in revenue and $15 million in EBITDA before pursuing a strategic exit.”
The Finnish Competition and Consumer Authority (FCCA) approved Triton's acquisition of Caverion, subject to the condition that Triton divests its portfolio company Fidelix's building automation unit in Joensuu, North Karelia. The European Commission had previously approved the acquisition for markets outside Finland on 31 August 2023.
“The FCCA has investigated the competitive effects of the proposed acquisition of Caverion by Triton in Finland. The European Commission has investigated the competitive effects outside Finland and approved the acquisition on 31 August 2023.”
CoolSys, the nationwide commercial refrigeration/HVAC consolidator, acquired Philadelphia-based Lima Company, a blended commercial/industrial HVAC, refrigeration, plumbing and energy services provider, to deepen its Mid-Atlantic presence.
“the market-leading nationwide provider of sustainable refrigeration, HVAC, energy and engineering solutions, announced it has acquired Lima Company, a respected, blended service provider of commercial and industrial HVAC, refrigeration, plumbing and energy services throughout Eastern Pennsylvania, Delaware, Maryland and New Jersey.”
Southern frames the acquisition as part of a strategy to expand in the lower Southeast, Midwest and Mid-Atlantic, with plans to add electrical and home standby generator service lines.
“This acquisition aligns perfectly with our goal of enhancing our service offerings in the lower Southeast, Midwest and Mid-Atlantic regions and expands our market presence in our own home market of Orlando.”
Southern Home Services completed the acquisition of Pro-Tech Air Conditioning & Plumbing, an Orlando-area HVAC and plumbing contractor, expanding its market presence and service offerings under a 'One Call. One Company.' multi-trade home services model.
“Southern Home Services (“Southern”), a leading provider of essential residential and light commercial home services has completed the acquisition of Pro-Tech Air Conditioning & Plumbing (“Pro-Tech”), a leading local customer-focused home services contractor, specializing in heating, air conditioning, indoor air quality and plumbing services to their many residential customers throughout the greater Orlando market.”
The article discloses that acquirer Right Time Group of Companies is majority-owned by middle-market private equity firm Gryphon Investors, identifying the PE sponsor behind the home-services roll-up.
“Right Time is majority-owned by Gryphon Investors, a middle-market private equity firm.”
Right Time Group of Companies, a Canadian home-services consolidator with more than two dozen locations, acquired Calgary-based Knight Plumbing, Heating & Air Conditioning, expanding its Western Canada footprint. Terms were not disclosed.
“Right Time Group of Companies, a home services provider with more than two dozen locations in Canada, has acquired Knight Plumbing, Heating & Air Conditioning, expanding its growth in Western Canada.”
Right Time Group of Companies, a Canadian home-services platform majority-owned by PE firm Gryphon Investors, acquired Calgary-based Knight Plumbing, Heating & Air Conditioning, expanding its presence in Western Canada.
“ST. CATHARINES, Ontario — Right Time Group of Companies, a home services provider with more than two dozen locations in Canada, has acquired Knight Plumbing, Heating & Air Conditioning, expanding its growth in Western Canada.”
Knight is the 20th acquisition by Right Time as part of its continued growth strategy; the platform now operates from 26 locations across six provinces with over 1,400 employees.
“Knight is the 20 th acquisition completed by Right Time as part of its continued growth strategy.”
Gryphon Investors-backed Right Time Group, Canada's leading residential HVAC operator, acquired Calgary-based Knight Plumbing Heating & Air Conditioning, its 20th acquisition, expanding in Western Canada.
“Right Time Group of Companies ("Right Time"), Canada's leading home services provider, announced today the acquisition of Calgary, Alberta -based Knight Plumbing Heating & Air Conditioning ("Knight" or the "Company"), expanding its growth in Western Canada.”
Knight is the 20th acquisition by Right Time as part of its continued growth strategy; the platform now operates from 26 locations across six provinces with over 1,400 employees.
“Knight is the 20 th acquisition completed by Right Time as part of its continued growth strategy.”
Gryphon Investors-backed Right Time Group, Canada's leading residential HVAC operator, acquired Calgary-based Knight Plumbing Heating & Air Conditioning, its 20th acquisition, expanding in Western Canada.
“Right Time Group of Companies ("Right Time"), Canada's leading home services provider, announced today the acquisition of Calgary, Alberta -based Knight Plumbing Heating & Air Conditioning ("Knight" or the "Company"), expanding its growth in Western Canada.”
American Residential Services (ARS/Rescue Rooter) acquired San Diego-based Tarpy Plumbing, Heating & Air, a ~50-employee residential HVAC/plumbing contractor, expanding ARS's home-services presence in California.
“American Residential Services (ARS/Rescue Rooter), a provider of HVAC and plumbing services, has acquired San Diego-based of Tarpy Plumbing, Heating & Air.”
American Residential Services (ARS/Rescue Rooter) acquired San Diego-based Tarpy Plumbing, Heating & Air, a residential HVAC and plumbing contractor with ~50 employees, expanding ARS's home-services presence in Southern California.
“Memphis, Tenn. — American Residential Services (ARS/Rescue Rooter), a provider of HVAC and plumbing services, has acquired San Diego-based of Tarpy Plumbing, Heating & Air.”
Pro-Tech president/owner Hector Rebollo expressed a positive rationale for selling into the Southern Home Services platform, citing its customer-first approach.
““We decided to partner with Southern Home Services because of their customer-first approach,” said Hector Rebollo, president and owner of Pro-Tech.”
Southern Home Services completed the acquisition of Pro-Tech Air Conditioning & Plumbing, an Orlando-area residential HVAC/IAQ/plumbing contractor; Pro-Tech keeps its name, branding, and employees.
“Southern Home Services, a provider of essential residential and light commercial home services, has completed the acquisition of Pro-Tech Air Conditioning & Plumbing, a home services contractor specializing in heating, air conditioning, IAQ, and plumbing services to residential customers throughout the greater Orlando market.”
PE-backed roll-up platform Southern Home Services completed the acquisition of Pro-Tech Air Conditioning & Plumbing, an Orlando-based HVAC, IAQ and plumbing contractor, as an add-on expanding its presence in its home market.
“Southern Home Services, a provider of essential residential and light commercial home services, has completed the acquisition of Pro-Tech Air Conditioning & Plumbing, a home services contractor specializing in heating, air conditioning, IAQ, and plumbing services to residential customers throughout the greater Orlando market.”
Since its initial investment in June 2021, Grove Mountain Partners completed nine add-on acquisitions for Unique Indoor Comfort, growing total revenue over 6x. This roll-up strategy consolidated independent home service businesses in the East and Midwest.
“Since our initial investment in June 2021, the company completed nine add-on acquisitions and grew total revenue over 6x”
Ace Hardware acquired Unique Indoor Comfort's portfolio of 12 independent heating & air, plumbing, and electrical home services companies from Atlanta-based private equity firm Grove Mountain Partners. The deal includes companies across the East and Midwest, such as Moncrief Heating & Air and Clay's Climate Control. Grove Mountain had built the platform through nine add-on acquisitions since June 2021, achieving over 6x revenue growth.
“Ace Hardware acquired Unique Indoor Comfort’s portfolio of 12 independent heating & air, plumbing and electrical home services companies from Atlanta-based private equity firm Grove Mountain.”
Right Time, the acquiring HVAC services group, is majority-owned by San Francisco-based private equity firm Gryphon Investors and operates across Ontario, Manitoba, Saskatchewan, Alberta and B.C.
“Right Time, majority-owned by San Francisco-based private equity firm Gryphon Investors, has operations in Ontario, Manitoba, Saskatchewan, Alberta, and B.C.”
Right Time Group of Companies added two more locations, reaching 25 across central and western Canada, via acquisitions of Thomson Industries Ltd. (Port Coquitlam, B.C.) and Oosterveld Heating and Air Conditioning (Guelph, Ont.); both companies' management and employees joined Right Time.
“Right Time Group of Companies now has 25 locations across central and western Canada with recent acquisitions of Thomson Industries Ltd. of Port Coquitlam, B.C. and Oosterveld Heating and Air Conditioning of Guelph, Ont.”
The Park Ridge deal, combined with Sila's other recent Midwest investments, is described as strengthening its presence across that strategic growth market.
“The acquisition, coupled with Sila Services' other recent Midwest regional investments, strengthens its presence across this strategic growth market.”
PE-backed home-services platform Sila Services acquired Northbrook, Illinois HVAC company Park Ridge Unique Indoor Comfort, expanding its Midwest presence as part of recent regional investments.
“Sila Services LLC acquired Park Ridge Unique Indoor Comfort Inc., a family-owned, Northbrook, Illinois-based HVAC company specializing in heating and cooling installation and repairs since 1967.”
Sila frames the Park Ridge deal as part of a broader pattern of recent Midwest regional investments to strengthen its presence in a strategic growth market.
“The acquisition, coupled with Sila Services' other recent Midwest regional investments, strengthens its presence across this strategic growth market.”
PE-backed roll-up platform Sila Services acquired Northbrook, Illinois HVAC company Park Ridge Unique Indoor Comfort as part of its Midwest regional expansion strategy.
“Sila Services LLC acquired Park Ridge Unique Indoor Comfort Inc., a family-owned, Northbrook, Illinois-based HVAC company specializing in heating and cooling installation and repairs since 1967.”
The article discloses that Right Time Group is majority-owned by Gryphon Investors, a middle-market private equity firm, confirming the PE backing behind the roll-up platform.
“Right Time is majority-owned by Gryphon Investors, a middle-market private equity firm.”
Right Time Group of Companies, a home-services roll-up majority-owned by PE firm Gryphon Investors, acquired Greater Vancouver-based Thomson Industries Ltd. for residential HVAC/electrical/IAQ services in British Columbia. It is Right Time's 18th acquisition.
“Right Time Group of Companies, a home services provider, acquired Greater Vancouver-based Thomson Industries Ltd., furthering its growth in British Columbia.”
The Thomson deal marks Right Time's 18th acquisition as part of its ongoing growth strategy; Right Time is majority-owned by middle-market PE firm Gryphon Investors.
“Thomson is the 18 th acquisition completed by Right Time as part of its ongoing growth strategy.”
Right Time Group of Companies, a Canadian home-services roll-up majority-owned by PE firm Gryphon Investors, acquired Greater Vancouver-based Thomson Industries Ltd., its 18th acquisition, expanding in British Columbia.
“Right Time Group of Companies, a home services provider, acquired Greater Vancouver-based Thomson Industries Ltd., furthering its growth in British Columbia.”
Gridiron Capital-backed Legacy Service Partners completed investments in John Henry's Plumbing, Heating & Air and Buehler Air Conditioning. These add-ons expand Legacy's national footprint into the Midwest and increase scale in existing markets.
“Legacy Service Partners, a Gridiron Capital-backed home services platform, completed investments in John Henry's Plumbing, Heating & Air (Lincoln, NE) and Buehler Air Conditioning (Jacksonville, FL). The add-on acquisitions expand Legacy's national footprint by entering the Midwest and increasing scale in existing markets while leveraging the platform's acquisition engine and integration capabilities.”
Buehler Air Conditioning · Target Gridiron Capital · Sponsor John Henry's Plumbing, Heating & Air · Target Legacy Service Partners · Platform
Daikin Applied acquired Tampa-based Carroll Air Systems to integrate into its Central and West Coast Florida regional operations.
“Daikin Applied has acquired Carroll Air Systems, a Tampa, Florida-based HVAC sales representative and service provider that supports the Central and West Coast regions of Florida.”
Phillip Carroll, CEO of Carroll Air Systems, will lead the merged operations including service, sales, and parts under Daikin Applied.
“Phillip Carroll will lead the merged operations, including service, sales and parts, which will now do business as Daikin Applied Central and West Coast Florida.”
Daikin Applied announced the acquisition of Carroll Air Systems, a Tampa-based HVAC representative serving Central and West Coast Florida. The deal creates a combined entity providing comprehensive HVAC systems, services, and parts, with Carroll Air's CEO leading the merged operations under the Daikin Applied brand.
“Daikin Applied today announced that it has acquired Carroll Air Systems, a Tampa, Fla.-based company that provides heating, ventilation and air-conditioning (HVAC) systems and services for commercial, industrial and institutional facilities.”
Ken Goodrich recounts acquiring and resurrecting the Goettl HVAC brand, which had fallen on hard times, framing the rescue as personal destiny tied to his family history with the brand.
“you know Gettl kind of fell on some hard times and I kind of felt like it was my destiny to save it”
Billy Stevens notes that some of the home-service companies that passed on his early roll-up deals ended up being acquired into the Wrench Group anyway, illustrating broad consolidation in the space.
“And some of those companies that passed ended up being in the wrench group anyway, so that's fine”
Goettl (owned/revived by Ken Goodrich) is described as having made many acquisitions, a topic of high interest to owners who are considering selling or preparing for an eventual sale.
“So you guys have you guys have obviously been making a lot of acquisitions”
Sila's CEO frames the Absolute deal within an ongoing platform strategy of aligning with partner brands across the Connecticut and New York region and investing in best practices, training, and technology.
“As we continue our strategy of aligning with great partners and accelerating their success, Absolute is a tremendous addition to our team.”
Sila Services LLC, a multi-brand home-services platform, acquired Absolute Air Services of Portland, Connecticut, adding it to its existing brands in the Connecticut and New York region as part of its strategy of aligning with partners and accelerating their success.
“PHILADELPHIA — Sila Services LLC acquired Absolute Air Services based in Portland, Connecticut.”
Sila Services LLC, a multi-brand home services platform, acquired Absolute Air Services of Portland, Connecticut, an HVAC installation, repair, and maintenance company, adding to its Connecticut and New York footprint.
“Sila Services LLC acquired Absolute Air Services based in Portland, Connecticut.”
Steve Knowles has been appointed CEO to lead Trinity Hunt Partners' newly formed commercial HVAC services platform, bringing extensive M&A experience to drive accelerated growth.
“Steve Knowles will lead the platform as the CEO, bringing extensive experience in M&A with a proven track record of leading services businesses through accelerated growth.”
Trinity Hunt Partners and platform CEO Steve Knowles plan to scale Alliance Group through strategic acquisitions across the U.S., aiming to establish a national commercial HVAC platform.
“We look forward to scaling the business through strategic acquisitions across the U.S. and supporting management as they continue to execute on organic growth initiatives.”
Trinity Hunt Partners announced its majority investment in Alliance Group, a commercial HVAC services provider serving over 500 clients in the Northeast. The deal establishes a new platform for Trinity Hunt in the commercial HVAC sector.
“Trinity Hunt Partners, a growth-oriented private equity firm focused on services businesses, announced today its majority investment in Alliance Group, a leading provider of commercial heating, ventilation, and air conditioning (HVAC) system services.”
The article discloses that Right Time Group is majority-owned by Gryphon Investors, a middle-market private equity firm, establishing the PE ownership behind this HVAC consolidation platform.
“Right Time is majority-owned by Gryphon Investors, a leading middle-market private equity firm.”
The Oosterveld deal is explicitly Right Time's 17th acquisition under a strategic growth plan, evidencing an active PE-backed residential HVAC roll-up.
“Oosterveld Heating and Air Conditioning is the 17”
Right Time Group of Companies, a Canadian residential HVAC contractor majority-owned by PE firm Gryphon Investors, acquired Guelph-based Oosterveld Heating and Air Conditioning, expanding its southern Ontario presence. It is Right Time's 17th acquisition under its growth plan.
“ST. CATHARINES, Ontario — Right Time Group of Companies, a Canadian residential HVAC contractor, acquired Guelph-based Oosterveld Heating and Air Conditioning, further solidifying its growing presence in southern Ontario.”
