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).
Right Time acquired Romaniuk Heating and Air Conditioning in April, which was the sixth acquisition completed by Right Time in its national HVAC roll-up.
“In April Right Time acquired Romaniuk Heating and Air Conditioning. Romaniuk was the sixth acquisition completed by Right Time which is focused on developing a national brand through acquisitions or partnerships with existing residential HVAC replacement contractors.”
The Anchor Home Comfort deal is the first acquisition led by Right Time's new CEO Craig Goettler, who has 15 years of residential HVAC experience.
“Anchor Home Comfort is the ninth acquisition completed by Right Time and the first led by new CEO Craig Goettler who has 15 years of experience in the residential HVAC market.”
Anchor Home Comfort is Right Time's ninth acquisition, part of a strategy to build a national brand through acquisitions of residential HVAC replacement contractors. Prior deals cited include Romaniuk, AtlasCare, and Comfort Masters.
“Anchor Home Comfort is the ninth acquisition completed by Right Time and the first led by new CEO Craig Goettler who has 15 years of experience in the residential HVAC market.”
Right Time, the Gryphon Investors-backed Canadian HVAC roll-up, acquired Ottawa-based residential HVAC contractor Anchor Home Comfort. It is the ninth acquisition completed by Right Time and the first under new CEO Craig Goettler.
“Right Time has announced the purchase of Anchor Home Comfort.”
Right Time Group of Companies acquired Haven Home ClimateCare (now Haven Home), its eighth acquisition. Management and employees join Right Time; terms undisclosed.
“Right Time Group of Companies announced the acquisition of Haven Home ClimateCare, which now operates as Haven Home. Management and employees of Haven Home will join the Right Time team. Terms of the transaction were not disclosed. Haven Home is the eighth acquisition completed by Right Time.”
The seller frames the deal as joining Right Time's pattern of integrating strong local HVAC companies into a national brand, evidencing an ongoing consolidation roll-up strategy.
“They have a great track record of integrating strong local companies into their national brand and delivering best-in-class customer service.”
Right Time Group of Companies acquired Haven Home ClimateCare, now operating as Haven Home, its eighth completed acquisition. This is a tuck-in into Right Time's national HVAC platform; terms were not disclosed.
“Right Time Group of Companies announced the acquisition of Haven Home ClimateCare, which now operates as Haven Home. Management and employees of Haven Home will join the Right Time team. Terms of the transaction were not disclosed. Haven Home is the eighth acquisition completed by Right Time.”
Since Huron Capital partnered with Dan Bueschel in 2017 to acquire Pueblo, the platform has completed seven acquisitions pursuing a buy-and-build strategy in commercial HVAC and plumbing in the US Sun Belt.
“Pueblo has completed seven acquisitions since Huron Capital partnered with Bueschel in 2017 to acquire Pueblo and pursue an ExecFactor buy-and-build strategy in the commercial HVAC and plumbing market in the Sun Belt region of the United States.”
Huron Capital's HVAC and plumbing services platform Pueblo Mechanical & Controls acquired Infinity Contractors, expanding into the Texas market. It is Pueblo's seventh acquisition since Huron Capital partnered with CEO Dan Bueschel in 2017 under an ExecFactor buy-and-build strategy.
“Huron Capital Partners announced that its HVAC and plumbing installation, retrofit, and repair services platform, Pueblo Mechanical & Controls, has acquired Infinity Contractors.”
Huron Capital partnered with CEO Dan Bueschel in 2017 to acquire Pueblo and pursue an ExecFactor buy-and-build strategy in commercial HVAC and plumbing in the Sun Belt; Pueblo has completed seven acquisitions since.
“Pueblo has completed seven acquisitions since Huron Capital partnered with Bueschel in 2017 to acquire Pueblo and pursue an ExecFactor buy-and-build strategy in the commercial HVAC and plumbing market in the Sun Belt region of the United States.”
Huron Capital Partners' commercial HVAC/plumbing platform Pueblo Mechanical & Controls acquired Infinity Contractors, expanding into the Texas market. It is Pueblo's seventh acquisition since Huron's 2017 ExecFactor buy-and-build investment.
“Huron Capital Partners announced that its HVAC and plumbing installation, retrofit, and repair services platform, Pueblo Mechanical & Controls, has acquired Infinity Contractors.”
The SEER Group CEO described continued acquisition activity toward building a national footprint, with the Western deal being its fifteenth acquisition.
“he will continue leading the Western team and expanding the Western brand as our group continues moving towards a national footprint.”
The SEER Group LLC announced its fifteenth acquisition, taking a majority stake in Western Heating & Air Conditioning, marking its first investment in the Boise, Idaho market as it moves toward a national footprint.
“The SEER Group LLC announced its fifteenth acquisition, a majority stake in Western Heating & Air Conditioning. This is the first investment for The SEER Group LLC in the Boise, Idaho, market.”
CEO Darrin Erdahl framed the Western acquisition as part of The SEER Group's move toward a national footprint, retaining the seller as a partner to expand the brand.
“he will continue leading the Western team and expanding the Western brand as our group continues moving towards a national footprint.”
The SEER Group LLC acquired a majority stake in Western Heating & Air Conditioning, its fifteenth acquisition and first investment in the Boise, Idaho market, as it moves toward a national footprint.
“The SEER Group LLC announced its fifteenth acquisition, a majority stake in Western Heating & Air Conditioning. This is the first investment for The SEER Group LLC in the Boise, Idaho, market.”
American Residential Services (ARS/Rescue Rooter) acquired Total Comfort LLC on July 1, 2021, expanding its residential and commercial HVAC and plumbing presence in Northern Virginia.
“American Residential Services (ARS/Rescue Rooter) announced that on July 1, 2021, it acquired Total Comfort LLC.”
ARS/Rescue Rooter acquired Total Comfort LLC on July 1, 2021, expanding its presence in the Northern Virginia market across residential and commercial HVAC and plumbing.
“American Residential Services (ARS/Rescue Rooter) announced that on July 1, 2021, it acquired Total Comfort LLC.”
Southern HVAC Corporation announced the acquisition of Swift Services Heating, Cooling & Electrical in the Myrtle Beach market, described internally as a partnership led by Southern's VP of operations and acquisitions.
“MYRTLE BEACH, S.C. — Southern HVAC Corporation announced the acquisition of Swift Services Heating, Cooling & Electrical.”
Southern HVAC Corporation announced the acquisition of Swift Services Heating, Cooling & Electrical, expanding its home-services platform into the Myrtle Beach market.
“Southern HVAC Corporation announced the acquisition of Swift Services Heating, Cooling & Electrical.”
Right Time Group, owned by Gryphon Investors, is rolling up residential HVAC replacement contractors to build a national Canadian brand, now operating 14 locations across four provinces with over 600 employees.
“Right Time which is focused on developing a national brand through acquisitions or partnerships with existing residential HVAC replacement contractors”
Right Time Group acquired Ontario-based Comfort Masters LTD in June 2021, marking its seventh acquisition; Comfort Masters serves the Oshawa, York, Durham and Simcoe regions.
“The expansion continued in June when Comfort Masters LTD became Right Time’s seventh acquisition.”
Right Time Group, owned by PE firm Gryphon Investors, acquired Edmonton-based Romaniuk Heating and Air Conditioning in April 2021 - its sixth acquisition - giving it a foothold in Alberta.
“In April Right Time acquired Edmonton-based Romaniuk Heating and Air Conditioning, founded by Tony Romaniuk in 1989. Romaniuk was the sixth acquisition completed by Right Time”
Right Time Group of Companies announced the acquisition of Comfort Masters LTD in Ontario, its seventh acquisition, continuing its growth across Ontario.
“ST. CATHARINES, Ontario — Right Time Group of Companies announced the acquisition of Comfort Masters LTD. Comfort Masters is the seventh acquisition completed by Right Time.”
Roll-up platform Right Time Group of Companies acquired Comfort Masters LTD in Ontario, its seventh completed acquisition, continuing its growth across the province.
“ST. CATHARINES, Ontario — Right Time Group of Companies announced the acquisition of Comfort Masters LTD. Comfort Masters is the seventh acquisition completed by Right Time.”
CoolSys frames the TRS-SESCO deal as part of an explicit strategic growth plan, bringing new capabilities and entering new industry sectors as a nationwide consolidator.
““Our acquisition of TRS-SESCO represents an important step in our strategic growth plan by bringing new capabilities to our clients while introducing CoolSys into new industry sectors,” said Adam Coffey, CEO of CoolSys.”
CoolSys announced the acquisition of Thermal Resource Sales and Supermarket Environment Services Company (TRS-SESCO), an HVAC-engineered solutions and grocery-retail energy/sustainability provider, expanding CoolSys into new industry sectors.
“BREA, Calif. — CoolSys has announced the acquisition of Thermal Resource Sales and Supermarket Environment Services Company (TRS-SESCO).”
Southern HVAC Corporation announced the acquisition of Dial Plumbing and Air Conditioning, a Florida home-service provider, as part of its roll-up of HVAC/plumbing businesses.
“MAITLAND, Fla. — Southern HVAC Corporation announced the acquisition of Dial Plumbing and Air Conditioning.”
The SEER Group LLC announced its fourteenth acquisition, Sturm Heating & Air Conditioning, its second acquisition in the Spokane market after acquiring The Barton Boys in 2019. The deal reinforces its Spokane position and supports a national growth plan.
“The SEER Group LLC announced its fourteenth acquisition, Sturm Heating & Air Conditioning. This is the second acquisition for The SEER Group LLC in Spokane after its acquisition of The Barton Boys in 2019.”
The SEER Group LLC announced its fourteenth acquisition, Sturm Heating & Air Conditioning, its second acquisition in the Spokane market, supporting a national growth plan.
“REDMOND, Wash. — The SEER Group LLC announced its fourteenth acquisition, Sturm Heating & Air Conditioning. This is the second acquisition for The SEER Group LLC in Spokane after its acquisition of The Barton Boys in 2019.”
Southern HVAC Corporation, a PE-backed home-services roll-up, announced its acquisition of Mission Plumbing, Heating and Cooling in Kansas City, adding it as the newest member of the Southern HVAC family.
“KANSAS CITY, Kansas — Southern HVAC Corporation announced its recent acquisition of Mission Plumbing, Heating and Cooling.”
Southern HVAC Corporation acquired Five Star Plumbing, Heating and Cooling in Greenville, S.C. — its ninth acquisition overall and first in South Carolina. The deal provided a retirement exit for Five Star's owner; the brand will be retained as part of the Southern HVAC platform.
“Southern HVAC Corporation announced its recent acquisition of Five Star Plumbing, Heating and Cooling. Five Star will retain its current brand while gaining support from Southern HVAC’s services support teams. Five Star represents Southern HVAC’s ninth acquisition overall and first acquisition in South Carolina.”
The acquisition of Duquette Refrigeration is part of CoolSys's strategy to become a nationwide service provider, specifically broadening its presence in the Northeast region.
“The acquisition is designed to strengthen CoolSys’s commercial and industrial division and broaden its presence in the Northeast region.”
Horizon Group Holdings acquired Hurley & David, a plumbing/HVAC contractor, marking its seventh acquisition in the trailing twelve months and expanding its footprint into western Massachusetts.
“Horizon Group Holdings has announced the acquisition of Hurley & David. The partnership marks HGH’s seventh acquisition in the last twelve months.”
Horizon Group Holdings' acquisition of Hurley & David marks its seventh acquisition in the last twelve months, evidencing an active roll-up acquisition pace.
“The partnership marks HGH’s seventh acquisition in the last twelve months.”
Horizon Group Holdings acquired Hurley & David, a plumbing, heating, and air company, expanding its footprint into western Massachusetts. This marks HGH's seventh acquisition in twelve months, signaling active roll-up consolidation.
“NEWARK, Del. — Horizon Group Holdings has announced the acquisition of Hurley & David. The partnership marks HGH’s seventh acquisition in the last twelve months.”
San Francisco PE firm Gryphon Investors completed a majority investment in Right Time Group, a residential HVAC contractor group, in December 2020, establishing Right Time as a PE-backed roll-up platform pursuing a national footprint.
“Right Time Group of Companies, a residential HVAC contractor group owned by San Francisco-based private equity firm Gryphon Investors with regional locations in Ontario, Manitoba and B.C., has acquired Atlas Service Company Inc. based in Oakville, Ont. and owned by CEO Roger Grochmal since 1986.”
Gryphon Investors-backed Right Time Group acquired Atlas Service Company (AtlasCare) of Oakville, Ontario - its fifth acquisition and the first since Gryphon's December 2020 majority investment in Right Time.
“AtlasCare is the fifth acquisition completed by Right Time, and the first following the Group’s acquisition by Gryphon in [December 2020](https://www.gryphon-inv.com/news-article/gryphon-investors-completes-majority-investment-in-right-time-heating-and-air-conditioning/).”
AtlasCare's CEO characterized Right Time as the leading consolidator in the Canadian residential HVAC and plumbing industry, citing its track record of integrating strong local companies into a national brand.
“Their track record of integrating strong local companies into their national brand sets them apart as the leading consolidator in the Canadian residential HVAC and plumbing industry.”
Canadian residential HVAC/plumbing consolidator Right Time Group of Companies acquired AtlasCare (Atlas Service Company Inc.); terms were not disclosed and the management and employees join Right Time.
“ST. CATHARINES, Ontario — Right Time Group of Companies announced the acquisition of Atlas Service Company Inc. Management and employees of AtlasCare will join the Right Time team. Terms of the transaction were not disclosed.”
AtlasCare's CEO described Right Time as the leading consolidator in the Canadian residential HVAC and plumbing industry, citing its track record of integrating strong local companies into a national brand.
“Their track record of integrating strong local companies into their national brand sets them apart as the leading consolidator in the Canadian residential HVAC and plumbing industry.”
Right Time Group of Companies acquired Atlas Service Company Inc. (AtlasCare), continuing its growth in the Canadian residential HVAC and plumbing market. Terms were not disclosed.
“ST. CATHARINES, Ontario — Right Time Group of Companies announced the acquisition of Atlas Service Company Inc. Management and employees of AtlasCare will join the Right Time team. Terms of the transaction were not disclosed.”
EMCOR Group, Inc. elected Major General (U.S. Army, Retired) Ronald L. Johnson to its Board of Directors, effective March 1, 2021. This is a leadership change at a major publicly traded mechanical/electrical construction and facilities services firm, which is relevant to the home-service and commercial HVAC consolidation landscape.
“On February 23, 2021, the Board of Directors (the “Board”) of EMCOR Group, Inc. (the “Company”) elected Major General (U.S. Army, Retired) Ronald L. Johnson to the Board, effective as of March 1, 2021”
Horizon Group Holdings acquired Maitz Home Services in Allentown, Pennsylvania, its fourth acquisition over the past twelve months.
“Horizon Group Holdings (HGH) announced the acquisition of Maitz Home Services in Allentown, Pennsylvania. Maitz marks the fourth acquisition for HGH over the last twelve months.”
