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).
ARS/Rescue Rooter acquired ESCO of Salt Lake City, Utah, advancing its strategic growth in the West; ARS is described as the largest operator of HVAC and plumbing businesses in the country.
“American Residential Services (ARS/Rescue Rooter), a provider of residential heating, ventilation, air conditioning (HVAC), and plumbing services, announced it has acquired ESCO Heating, Air Conditioning, Plumbing, and Electric in Salt Lake City, Utah.”
Wardlaw's co-owner explains he chose Right Time for its reputation for integrating and optimizing local HVAC businesses while maintaining the local brand — owner sentiment toward a PE-backed roll-up acquirer.
“We chose Right Time because they have a great reputation for integrating and optimizing local HVAC businesses while maintaining the company’s local brand and reputation, which we believe will benefit both our dedicated team and customers.”
The article states Right Time Group of Companies is majority-owned by Gryphon Investors, a middle-market private equity firm, identifying the PE sponsor behind the Canadian HVAC roll-up.
“Right Time is majority-owned by Gryphon Investors, a middle-market private equity firm.”
Canadian HVAC consolidator Right Time Group of Companies acquired Wardlaw Heating and Cooling of Sault Ste. Marie, Ontario — its fourteenth acquisition — continuing its national growth. Terms were not disclosed.
“Right Time Group of Companies continued its national growth with the acquisition of Wardlaw Heating and Cooling. Founded in 1981, Wardlaw Heating and Cooling is an installer and service provider for heating, air conditioning, and air quality equipment in Sault Ste. Marie, Ontario.”
The article discloses that Right Time Group is majority-owned by middle-market private equity firm Gryphon Investors, establishing the PE sponsor behind the platform.
“Right Time is majority-owned by Gryphon Investors, a middle-market private equity firm.”
Gryphon Investors-backed Right Time Group of Companies acquired Wardlaw Heating and Cooling of Sault Ste. Marie, Ontario, its fourteenth acquisition, continuing its Canadian national growth. Terms were not disclosed.
“Right Time Group of Companies continued its national growth with the acquisition of Wardlaw Heating and Cooling.”
Right Time Group is continuing to add residential HVAC and home-services locations to its growing network in Canada, reflecting ongoing roll-up activity.
“Right Time continues to add new residential HVAC and home services locations to its growing network in Canada.”
Right Time Group acquired Wardlaw Heating and Cooling in Sault Ste. Marie, Ontario — its 14th acquisition — as it continues rolling up residential HVAC and home-services locations across Canada.
“Wardlaw is the 14th acquisition completed by Right Time.”
Heartland Home Services continues to consolidate the residential HVAC market by acquiring multiple companies across the Midwest. The article references additional recent acquisitions by Heartland, including Blue Frost Heating & Cooling, Air Master Heating and Air Conditioning, and Thielmann Group, indicating an active roll-up strategy.
“Heartland Home Services Acquires Blue Frost Heating & Cooling”
Heartland Home Services, a home-services roll-up platform, added three HVAC companies as add-on acquisitions: Buckner's Heating and Cooling, Faszold Heating and Cooling, and National Heating and Air Conditioning Company. These acquisitions expand Heartland's footprint in Kansas City, St. Louis, and Cincinnati.
“Heartland Home Services announced the acquisition of three HVAC companies: Buckner's Heating and Cooling in Kansas City, Missouri; Faszold Heating and Cooling in St. Louis, Missouri; and National Heating and Air Conditioning Company, serving the greater Cincinnati Area.”
Heartland Home Services announced the acquisition of Buckner's Heating and Cooling, a residential HVAC company serving Kansas City, Missouri for over 39 years. The acquisition supports Heartland's expansion in the Kansas City area.
“Heartland Home Services announced the acquisition of three HVAC companies: Buckner's Heating and Cooling in Kansas City, Missouri; Faszold Heating and Cooling in St. Louis, Missouri; and National Heating and Air Conditioning Company, serving the greater Cincinnati Area.”
Heartland is folding Faszold into its existing St. Louis presence anchored by Classic Aire Care, illustrating a multi-brand roll-up that retains local brands while pooling collective strength.
“Faszold will partner with
Heartland Home Services'
other brands in the St. Louis market anchored by Classic Aire Care.”
Heartland Home Services announced the simultaneous acquisition of three HVAC companies: Buckner's Heating and Cooling (Kansas City, MO), Faszold Heating and Cooling (St. Louis, MO), and National Heating and Air Conditioning Company (greater Cincinnati).
“Heartland Home Services announced the acquisition of three HVAC companies: Buckner's Heating and Cooling in Kansas City, Missouri;”
Heartland Home Services · Acquirer Buckner's Heating and Cooling · Target Faszold Heating and Cooling · Target National Heating and Air Conditioning Company · Target
Sila CEO Jason Rabbino frames the Heckeroth acquisition as accelerating growth and serving the expanding Hudson Valley market.
“Bringing the highly skilled team from Heckeroth on board will allow us to accelerate our growth and better serve the growing needs of homeowners and businesses in this expanding market," said Jason Rabbino, CEO of Sila Services, LLC.”
A photo caption states Sila Services has acquired T-Mark Plumbing, Heating, Cooling & Electric, a company in western New York — a separate add-on referenced alongside the Heckeroth deal.
“Sila Services has acquired T-Mark Plumbing, Heating, Cooling & Electric, a company in western New York.”
Sila Services, LLC acquired Heckeroth Plumbing & Heating of Highland, New York, expanding its presence in the Hudson Valley region. Heckeroth offers heating, cooling, plumbing, electrical, and water-treatment services.
“Sila Services, LLC has acquired Heckeroth Plumbing & Heating, adding to its growing presence in the Hudson Valley region of New York. Based in Highland, New York, Heckeroth Plumbing & Heating has over 45 years of experience in providing residential and commercial services, specializing in custom repair, maintenance, and installation for heating, cooling, plumbing, electrical, and water treatment needs.”
Gryphon Investors-backed Right Time Group of Companies acquired 360 Super Techs of Vancouver Island, BC (encompassing 360 Comfort Systems and The Super Plumber), its twelfth acquisition, supporting western Canadian expansion.
“Right Time Group of Companies announced it is continuing its western expansion with the acquisitions of 360 Super Techs and The”
Right Time Group of Companies acquired The Comfort Group of Parksville, BC, a residential HVAC/IAQ provider, its thirteenth acquisition, continuing its Canadian expansion.
“The Comfort Group is the thirteenth acquisition completed by Right Time.”
Right Time Group of Companies acquired 360 Super Techs (360 Comfort Systems and The Super Plumber) of Vancouver Island, BC, its twelfth acquisition, as part of western Canadian expansion.
“360 Super Techs of Vancouver Island is the twelfth acquisition completed by Right Time.”
With the Doug's Service Company deal, its first in Louisiana, Air Pros USA grows to operations in seven states and more than a dozen metro areas, totaling 450+ vehicles and 500 technicians.
“Its first acquisition in Louisiana, Air Pros USA will now operate in seven states and more than a dozen metro areas including Miami, Orlando, Dallas, Atlanta, Colorado Springs, Mobile, and Spokane.”
Fort Lauderdale-based Air Pros USA acquired Doug's Service Company, an HVAC and home services business in Lafourche Parish, Louisiana, its first acquisition in the state.
“Fort Lauderdale-based Air Pros USA announced the acquisition of Doug’s Service Company, an HVAC and home services business that has been serving home and business owners in Lafourche Parish, Louisiana since 1988.”
The acquisition expands Air Pros USA's national footprint to over 450 vehicles, 500 staff, and roughly half a million customers across multiple states and metros.
“Its first acquisition in Louisiana, Air Pros USA will now operate in seven states and more than a dozen metro areas including Miami, Orlando, Dallas, Atlanta, Colorado Springs, Mobile, and Spokane.”
Fort Lauderdale-based Air Pros USA acquired Doug's Service Company of Lafourche Parish, Louisiana (HVAC, plumbing, electrical, refrigeration), its first Louisiana acquisition and eighth-state expansion.
“Fort Lauderdale-based Air Pros USA announced the acquisition of Doug’s Service Company, an HVAC and home services business that has been serving home and business owners in Lafourche Parish, Louisiana since 1988.”
The SEER Group LLC announced acquisitions of First Call Heating & Cooling (Oregon City, OR) and Gropp Heating, Air, & Electric (Moscow, ID), bringing its family to 22 brands.
“The SEER Group LLC announced its acquisitions of First Call Heating & Cooling located in Oregon City, Oregon, and Gropp Heating, Air, & Electric located in Moscow, Idaho. There are now 22 brands in The SEER Group LLC family.”
The SEER Group LLC announced two acquisitions: First Call Heating & Cooling (Oregon City, OR) and Gropp Heating, Air, & Electric (Moscow, ID), bringing its family to 22 brands.
“The SEER Group LLC announced its acquisitions of First Call Heating & Cooling located in Oregon City, Oregon, and Gropp Heating, Air, & Electric located in Moscow, Idaho. There are now 22 brands in The SEER Group LLC family.”
An image caption in the article states Sila Services acquired T-Mark Plumbing, Heating, Cooling & Electric, a company in western New York, indicating an additional add-on acquisition by the Sila platform.
“Sila Services has acquired T-Mark Plumbing, Heating, Cooling & Electric, a company in western New York.”
Sila Services, an HVAC/plumbing roll-up platform, acquired Boston Standard Company and New England Ductless (both Massachusetts), expanding its presence in the New England region.
“Sila Services, LLC has acquired Boston Standard Company and New England Ductless, adding to its rapidly growing”
Sila Services, LLC acquired Boston Standard Company (Mattapan, MA) and New England Ductless (Milton, MA), both plumbing/heating/cooling businesses, expanding its presence in the New England region.
“Sila Services, LLC has acquired Boston Standard Company and New England Ductless, adding to its rapidly growing presence in the New England Region.”
Enercare, one of North America's largest residential and commercial HVAC/plumbing service companies, acquired Syles Mechanical Services in Tecumseh, Ontario, expanding its Southwestern Ontario presence by 55+ employees and 30 vehicles.
“Enercare has acquired [Syles Mechanical Services](https://www.syles.ca/), a residential and commercial services provider located in Tecumseh, Ontario.”
TurnPoint stated it continues to pursue partnerships with owners of high-performing service businesses, signaling ongoing roll-up acquisition intent.
“TurnPoint continues to search for partnerships with owners of high-performing service businesses that possess strong brand equity and shared values, with the goal of making them even stronger.”
TurnPoint Services Group completed 21 acquisitions during 2021, more than doubling its platform and now operating 40 branded service companies across 28 states in HVAC, plumbing, and electrical.
“TurnPoint Services Group announced the completion of 21 acquisitions over the course of 2021, more than doubling the TurnPoint platform. TurnPoint now operates 40 individually branded and locally managed service companies in 28 states from coast to coast.”
TurnPoint says it more than doubled platform size for a fourth consecutive year through organic growth and strategic acquisitions, and continues to seek partnerships with high-performing service business owners.
“For the fourth consecutive year, we more than doubled the size of the TurnPoint platform through a combination of double-digit organic growth and strategic acquisitions.”
TurnPoint Services Group completed 21 acquisitions in 2021, more than doubling its platform, and now operates 40 branded service companies in 28 states providing heating, cooling, plumbing, and electrical services.
“TurnPoint Services Group announced the completion of 21 acquisitions over the course of 2021, more than doubling the TurnPoint platform. TurnPoint now operates 40 individually branded and locally managed service companies in 28 states from coast to coast.”
Automated Logic Contracting Services Inc, a subsidiary of Carrier Global Corporation, has acquired the business of Integrated Control Systems Inc (ICSI). The acquisition expands Automated Logic's geographic presence into Arizona, Colorado, and New Mexico.
“Automated Logic Contracting Services Inc (Automated Logic), a leading provider of innovative building-management solutions, has acquired the business of Integrated Control Systems Inc (ICSI), an independent Automated Logic controls contractor with offices in Arizona, Colorado and New Mexico.”
Perfect Plumbing & Air of Boise and its sister company Magic Electric of Jerome were acquired by Utah-based Any Hour Group in 2022, which is backed by San Francisco private equity firm Knox Lane.
“Perfect Plumbing & Air of Boise and its sister company, Magic Electric of Jerome, were acquired by Utah-based Any Hour Group in 2022. Any Hour owns 23 brands across the region.
Any Hour is backed by San Francisco private equity firm Knox Lane.”
Owyhee Heating & Air, founded in 1946, was acquired by Texas-based Apex Service Partners in 2022, joining Right Now Heating and Air Conditioning under the PE firm's umbrella.
“Owyhee was acquired in 2022 by Apex Service Partners of Texas, joining Right Now Heating and Air Conditioning under the umbrella of the large private equity company.”
Redwood Services, a PE-backed home-services platform, acquired Aaron Rice's business in 2022 and merged it with Rite Way, a larger Tucson-based HVAC operation acquired the previous year. This is part of Redwood's roll-up strategy, having acquired 35 companies in four years.
“The PE-backed home-services company bought Aaron Rice’s business in 2022 and merged it with Rite Way, a larger Tucson-based HVAC operation that Redwood acquired the year before.”
SEER Group's CEO framed the Aladdin deal as part of an ongoing expansion of its footprint in California and other markets nationally, signaling continued roll-up activity.
“Wayne and the Aladdin team have built a wonderful brand, and we look forward to partnering with them as we continue to expand our footprint in California and other markets across the nation.”
The SEER Group, an HVAC roll-up platform, acquired a majority stake in Aladdin Air Conditioning & Heating of Newbury Park, California. It was SEER Group's 20th acquisition overall and 7th of the year.
“The SEER Group LLC announced its twentieth acquisition, a majority stake in Aladdin Air Conditioning & Heating Inc., in Newbury Park, California. This is the seventh acquisition for The SEER Group this year.”
The SEER Group signals an active roll-up cadence, citing its twentieth acquisition overall and seventh of the year, with plans to keep expanding its footprint across California and nationally.
“we look forward to partnering with them as we continue to expand our footprint in California and other markets across the nation.”
