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).
Gold Medal Service, a subsidiary of Horizon Group Holdings, acquired A-Absolute Plumbing, Heating, and Air in Roselle, New Jersey, marking HGH's fifth acquisition over the past twelve months.
“Gold Medal Service, a subsidiary of Horizon Group Holdings (HGH), announced the acquisition of A-Absolute Plumbing, Heating, and Air (“A-Absolute”) in Roselle, New Jersey. A-Absolute marks the fifth acquisition for HGH over the last twelve months.”
HGH's chairman framed the Eanes deal as advancing a strategy of growing in the Southeast, both organically and through further acquisition.
“The acquisition of Eanes furthers HGH’s strategic goals of growing in the Southeast, and we look forward to accelerating Eanes' growth both organically and through acquisition.”
Horizon Group Holdings, a home-services consolidator, acquired Eanes Heating & Air Conditioning of High Point, NC. The article notes it is HGH's third acquisition in the prior twelve months, signaling an active roll-up.
“NEWARK, Del. — Horizon Group Holdings announced the acquisition of Eanes Heating & Air Conditioning in High Point, North Carolina. Eanes marks the third acquisition for HGH over the last twelve months.”
Horizon Group Holdings frames the Eanes deal as furthering its strategic goal of growing in the Southeast and plans to grow Eanes both organically and through further acquisition.
“The acquisition of Eanes furthers HGH’s strategic goals of growing in the Southeast, and we look forward to accelerating Eanes' growth both organically and through acquisition.”
Horizon Group Holdings acquired Eanes Heating & Air Conditioning in High Point, North Carolina, its third acquisition in the past twelve months, advancing its strategy of growing in the Southeast.
“Horizon Group Holdings announced the acquisition of Eanes Heating & Air Conditioning in High Point, North Carolina. Eanes marks the third acquisition for HGH over the last twelve months.”
CoolSys describes C.E. Holt as its fourth acquisition in 2020, all along the East Coast from South Carolina to Connecticut, part of an aggressive growth strategy toward becoming a national service provider.
““The acquisition of C.E. Holt was our fourth in 2020, all of which were along the East Coast, stretching from South Carolina to Connecticut,” said Adam Coffey, CEO of CoolSys. “This strategic acquisition builds density in the Southeast market and continues our aggressive growth strategy with the goal of becoming a national service provider.”
CoolSys acquired C.E. Holt Refrigeration Inc., increasing its market presence across North and South Carolina, Virginia, and Georgia.
“BREA, Calif. — CoolSys announced it has acquired C.E. Holt Refrigeration Inc. This acquisition increases market presence for CoolSys in North and South Carolina, Virginia, and Georgia.”
CoolSys acquired C.E. Holt Refrigeration Inc., increasing its presence in North and South Carolina, Virginia, and Georgia. It was CoolSys's fourth acquisition in 2020 as part of an aggressive growth strategy toward becoming a national service provider.
“BREA, Calif. — CoolSys announced it has acquired C.E. Holt Refrigeration Inc. This acquisition increases market presence for CoolSys in North and South Carolina, Virginia, and Georgia.”
CoolSys, a national refrigeration/HVAC services parent, acquired C.E. Holt Refrigeration of Charlotte, NC — its fourth acquisition in 2020 — to build density in the Southeast and expand presence across NC, SC, VA, and GA.
“CoolSys™, the parent of refrigeration and HVAC services companies nationwide, acquired C.E. Holt Refrigeration Inc., a commercial refrigeration and HVAC company headquartered in Charlotte, North Carolina. This acquisition increases market presence for CoolSys in North Carolina, South Carolina, Virginia, and Georgia, which are strategic growth states for the company.”
CoolSys, the parent of refrigeration and HVAC services companies nationwide, acquired C.E. Holt Refrigeration, a commercial refrigeration and HVAC company in Charlotte, NC, expanding CoolSys density in the Southeast.
“CoolSys™, the parent of refrigeration and HVAC services companies nationwide, acquired C.E. Holt Refrigeration Inc., a commercial refrigeration and HVAC company headquartered in Charlotte, North Carolina.”
CoolSys acquired C.E. Holt Refrigeration, a commercial refrigeration and HVAC company in Charlotte, NC, building density in the Southeast as part of an aggressive roll-up growth strategy toward becoming a national service provider.
“On 05 January CoolSys announced that it has acquired C.E. Holt Refrigeration, Inc., a commercial refrigeration and HVAC company headquartered in Charlotte, North Carolina.”
Partners Group acquired Reedy Industries in 2021 at roughly $1 billion enterprise value and rebranded it as PremiStar, creating a commercial HVAC roll-up platform. The platform has since grown to 62 branches across 19 states with over 3,100 employees and $2.09 billion in total platform funding.
“Partners Group acquired Reedy Industries in 2021 at roughly a $1 billion enterprise value. The firm rebranded the platform PremiStar and handed CEO Joe Kirmser a mandate: consolidate fragmented commercial HVAC service providers across the country.”
Comfort Systems USA's Board of Directors approved an amendment to increase the authorized shares under its stock repurchase program, allowing the company to buy back up to an additional 1,000,000 shares.
“the Company’s Board of Directors has approved an amendment to the Company’s stock repurchase program to increase the shares authorized and remaining as available to purchase back up to 1,000,000 shares by authorizing the Company to acquire up to 745,582 additional shares of its outstanding common stock.”
Comfort Systems USA announced that Trent T. McKenna will transition from Senior Vice President to Chief Operating Officer, effective January 1, 2021. This is an internal leadership change at a publicly traded HVAC consolidator.
“On December 11, 2020, Comfort Systems USA, Inc. (the “Company”) announced that Trent T. McKenna will transition from his current role as Senior Vice President and Vice President – Region 4 to Chief Operating Officer within the Company, effective January 1, 2021.”
Air Pros USA acquired One Source Home Service in Colorado Springs and Pueblo, with the target retaining its brand and joining Air Pros USA's multi-state family of companies (FL, GA, CO, TX, WA).
“COLORADO SPRINGS, Colo. — Air Pros Residential and Commercial Air Conditioning Services announced the acquisition of One Source Home Service. Under the agreement, One Source will continue operating under its existing brand in Colorado Springs and Pueblo areas, while becoming a part of Air Pros USA’s family of companies.”
Air Pros USA acquired One Source Home Service in Colorado Springs and Pueblo; One Source keeps its brand and its owners, Scott and Jason Bidwell, remain to lead the local office and help grow Air Pros USA nationally.
“Air Pros Residential and Commercial Air Conditioning Services announced the acquisition of One Source Home Service. Under the agreement, One Source will continue operating under its existing brand in Colorado Springs and Pueblo areas, while becoming a part of Air Pros USA’s family of companies.”
Apex Service Partners describes its roll-up model as providing investment for premier service brands to grow while keeping their existing brands and operations intact, positioning itself as a capital and resource partner rather than an operator.
“we provide investment for these premier service brands to grow.”
Apex Service Partners confirms its primary shareholder, among a handful, is the private equity firm Alpine Investors, which provides capital and acts as a partner in building the home-services platform.
“And our primary shareholder amongst a handful is Alpine Investors. They're a private equity firm.”
Will Matson and AJ Brown describe Apex Service Partners as a group of leading HVAC, plumbing and electrical service businesses whose primary shareholder is the private equity firm Alpine Investors. Apex partners with leading local brands, provides capital and shared resources (data, marketing, talent, finance), and does not rebrand the businesses it acquires.
“we are both at Apex Service Partners And we are a group of leading HVAC plumbing and electrical service businesses”
Wrench Group notes its existing Phoenix footprint via flagship Parker and Sons and newly acquired All About Water, with Collins extending its regional density.
“Wrench Group already has an established footprint in Phoenix with its flagship location Parker and Sons and newly acquired All About Water.”
Home-services roll-up Wrench Group acquired Collins Comfort Masters, a Phoenix-area HVAC and plumbing contractor, adding to its existing Phoenix platform.
“MARIETTA, Ga.— Wrench Group LLC announced the acquisition of Collins Comfort Masters in Gilbert, Arizona.”
Wrench Group is rolling up home-services businesses in the Phoenix market, already holding Parker and Sons and the newly acquired All About Water, signaling active regional consolidation.
“Wrench Group already has an established footprint in Phoenix with its flagship location Parker and Sons and newly acquired All About Water.”
Wrench Group acquired Collins Comfort Masters in Gilbert, Arizona, its sixth acquisition in 2020, expanding its Phoenix-area home-services footprint alongside Parker and Sons and All About Water.
“Wrench Group LLC announced the acquisition of Collins Comfort Masters in Gilbert, Arizona. This is the firm’s sixth acquisition in 2020.”
Horizon's founder and chairman framed the acquisition as part of a deliberate strategy of foundational growth through partnerships, signaling an ongoing roll-up approach.
“The addition of Hutchinson to Horizon Group Holdings' family of brands further demonstrates our commitment to foundational growth through partnerships, shared principles, and strategy,”
Fred Hutchinson, president of Hutchinson, stated the owners considered selling the business and had many options before partnering with Horizon, indicating an owner sell-side decision.
“We had many options when we were considering the sale of the business, but Horizon was the one we were most excited about partnering with”
Horizon Group Holdings added Hutchinson Heating, Cooling, Plumbing, and Energy Services to its family of brands, acquiring the multi-generation family business which operates both residential and commercial divisions.
“Horizon Group Holdings announced the addition of Hutchinson Heating, Cooling, Plumbing, and Energy Services to its family of brands.”
Wrench Group's Phoenix platform spans HVAC, plumbing, and electrical under the Parker and Sons brand, illustrating a multi-trade home-services roll-up footprint.
“where it operates in the HVAC, plumbing, and electrical space under the flagship name of Parker and Sons.”
Wrench Group acquired Chandler, AZ-based water treatment/plumbing company All About Water, expanding its Phoenix footprint where it operates as Parker & Sons; the company noted this was its fifth acquisition in 2020.
“Wrench Group LLC announced the acquisition of All About Water. This is the firm’s fifth acquisition in 2020. The acquisition of All About Water expands the Wrench Group footprint in Phoenix.”
Wrench Group LLC acquired All About Water, a Chandler-based water/plumbing services firm, expanding its presence in Phoenix where it operates under flagship Parker and Sons. This was Wrench Group's fifth acquisition in 2020.
“Wrench Group LLC announced the acquisition of All About Water. This is the firm’s fifth acquisition in 2020. The acquisition of All About Water expands the Wrench Group footprint in Phoenix.”
Wrench Group CEO Ken Haines described the platform's roll-up strategy of partnering with market-leading local home-services operators to grow geographically.
“Part of Wrench’s strategy is to partner with market leaders, and Service Champions has experienced impressive growth over many years and prides itself on its positive customer loyalty,”
PE-backed home-services platform Wrench Group acquired Easy A/C in Tampa, Florida, further establishing its presence in the Tampa/St. Petersburg markets; Easy A/C will combine operations with Wrench's CoolToday and rebrand as Easy CoolToday.
“Wrench Group acquired Easy A/C (“Easy A/C”), located in Tampa, Florida.”
Wrench's acquisition of Service Champions marks the company's geographic entry into the Northern California market, part of a strategy to partner with market leaders.
““The Wrench organization is excited to establish a presence in Northern California,” said Ken Haines, Wrench Group CEO.”
Wrench Group acquired Tampa-based Easy A/C, which will combine operations with Wrench's CoolToday and rebrand as Easy CoolToday, extending Wrench's presence in the Tampa/St. Petersburg market.
“MARIETTA, Ga. — Wrench Group acquired Easy A/C (“Easy A/C”), located in Tampa, Florida.”
Johnson Controls has completed the acquisition of Termo Aire, a Costa Rican engineering consulting firm. The deal strengthens Johnson Controls' MEP design capabilities and expands its Sales Support Center of Excellence network in Latin America.
“Johnson Controls recently acquired Termo Aire, a Costa Rican engineering consulting company that offers services to more than 20 countries throughout Latin America and the Caribbean.”
CEO and founder Darrin Erdahl said the Nolan acquisition strengthens The SEER Group's Northwest footprint and supports a growth plan to expand into multiple US markets.
“This acquisition strengthens our footprint in the Northwest and supports our growth plan to expand into multiple markets across the United States.”
The SEER Group LLC announced its thirteenth acquisition, Nolan Heating & Air, which will become a subsidiary of its Mike's Mechanical Services platform, strengthening its Northwest footprint.
“The SEER Group LLC announced its thirteenth acquisition: Nolan Heating & Air. Nolan Heating & Air will be a subsidiary of Mike’s Mechanical Services LLC, based in Lewiston, Idaho.”
SEER's CEO frames the Nolan acquisition as part of a growth plan to expand into multiple markets across the United States, signaling an active roll-up strategy.
“This acquisition strengthens our footprint in the Northwest and supports our growth plan to expand into multiple markets across the United States.”
The SEER Group LLC announced its thirteenth acquisition, Nolan Heating & Air, which will become a subsidiary of SEER's Mike's Mechanical Services LLC, strengthening SEER's Northwest footprint.
“REDMOND, Wash. – The SEER Group LLC announced its thirteenth acquisition: Nolan Heating & Air. Nolan Heating & Air will be a subsidiary of Mike’s Mechanical Services LLC, based in Lewiston, Idaho.”
Southern HVAC Corporation acquired Precision Heating & Air Conditioning, its seventh transaction and second Texas location, complementing its Austin-based Fox Service Company.
“Southern HVAC Corporation has announced the acquisition of Precision Heating & Air Conditioning. The acquisition was completed on June 30 and marks Southern HVAC’s seventh transaction and second location in Texas, complementing their existing Austin-based Fox Service Company location.”
The acquisition lets Goettl expand its footprint and services in the Las Vegas valley, with Eternal Services rebranding to Goettl Air Conditioning and Plumbing.
“This latest acquisition allows Goettl to expand its footprint and services even further into the Las Vegas valley, where it has established strong brand recognition and maintains a commitment to giving back to the community. As part of the acquisition, Eternal Services will rebrand to Goettl Air Conditioning and Plumbing and will also merge its customers into Goettl’s client base.”
Goettl, led by CEO Ken Goodrich, acquired the assets of Las Vegas plumbing company Eternal Services and Plumbing Solutions, expanding its footprint in the Las Vegas valley. Eternal Services will rebrand to Goettl and merge customers into Goettl's base.
“Goettl Air Conditioning and Plumbing announced the acquisition of certain assets of Eternal Services and Plumbing Solutions, a Las Vegas-based plumbing company.”
Goettl Air Conditioning and Plumbing acquired the assets of Eternal Services and Plumbing Solutions, a Las Vegas plumbing company, which will rebrand to Goettl and merge its customers into Goettl's base.
“Goettl Air Conditioning and Plumbing announced the acquisition of certain assets of Eternal Services and Plumbing Solutions, a Las Vegas-based plumbing company.”
Comfort Systems USA, Inc. completed its previously announced acquisition of TAS Energy Inc. through a merger with its wholly owned subsidiary, OSC Acquisition Corp., on April 1, 2020. TAS Energy became a wholly owned subsidiary of Comfort Systems USA.
“On April 1, 2020, the Merger contemplated by the Merger Agreement was completed and TAS Energy became a wholly owned subsidiary of the Company.”
Wrench CEO Ken Haines described the company's strategy as partnering with market leaders, framing the Donovan deal within Wrench's ongoing roll-up of regional HVAC firms.
“Part of Wrench’s strategy is to partner with market leaders, and Donovan has an outstanding reputation in the Jacksonville area, and has experienced very impressive organic growth over many years”
The Wrench Group acquired Donovan Heat and Air Inc. of Jacksonville, expanding the Wrench footprint into northern Florida. Donovan continues operating under its existing brand with its co-owners leading.
“The Wrench Group announced the acquisition of Donovan Heat and Air Inc. (“Donovan”), expanding the Wrench footprint to northern Florida.”
