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Market signals

Every PE/M&A signal we can find, concrete deals and the broader market mood, each pinned to a verbatim quote from its source. 229 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.

All Add-on acquisition 583 Consolidation trend 244 Deal closed 229 Expansion 182 Deal announced 93 Platform formation 88 Market commentary 79 Leadership change 68 Fundraise 31 Sentiment 26 Divestiture 18 Other 17 Deal rumored 6 Bankruptcy 5 Regulatory 1
Clear
Deal closed New Aug 2026 · Montgomery County
Verified

Presidential Heating & Air Conditioning acquires Shipley Plumbing, Heating & Air Conditioning

Presidential Heating & Air Conditioning has completed the acquisition of Shipley Plumbing, Heating & Air Conditioning, effective August 24, 2026. The deal expands Presidential's service offerings to include plumbing in Montgomery County and aligns with Southern Home Services' strategy of strengthening local centers through complementary partnerships.

“Presidential Heating & Air Conditioning has acquired Shipley Plumbing, Heating & Air Conditioning, effective August 24, 2026, expanding its home-comfort services across Montgomery County and surrounding communities.”
HVACPlumbing Positive
Source
Deal closed New Aug 2026 · Cobourg, ON
Verified

Go Lime acquires Comfort Zone Heating & Air Conditioning

Go Lime Inc. has acquired the Cobourg, Ontario-based HVAC company Comfort Zone Heating & Air Conditioning. The acquisition is part of a broader strategy to expand across Canada through investments in local home and commercial services businesses.

“Go Lime Inc. has acquired Cobourg, ON-based Comfort Zone Heating & Air Conditioning.”
HVAC Positive
Source
Deal closed New Jul 2026 · Connecticut, Rhode Island and Massachusetts
Verified

CoolSys completes full integration of Eastern Refrigeration

Eastern Refrigeration has fully transitioned to the CoolSys brand, operating as a single unified organization after being acquired several years ago.

“Now, we’re pleased to announce **Eastern Refrigeration’s full integration into the CoolSys brand**, which boasts over 25 years of nationwide industry leadership.”
HVACRefrigeration Positive
easternrefrig.com
Deal closed New Jul 2026 · United Kingdom
Verified

Nordic Climate acquires Meridian Cooling

Swedish contracting group Nordic Climate has acquired Poole-based Meridian Cooling to strengthen its position in the South of England. The acquisition adds air conditioning, ventilation, and heat pump capabilities to Nordic Climate's growing UK platform.

“UK: Swedish contracting group Nordic Climate is continuing to make inroads into the UK with the acquisition of Poole-based Meridian Cooling.”
Nordic Climate · Acquirer Meridian Cooling · Target
HVAC Positive
Source
Deal closed New Jul 2026 · Oklahoma
Verified

Redwood Services acquires Hendrick Heat, Air & Plumbing

Redwood Services has entered the Oklahoma market by acquiring a partnership in Tulsa-based Hendrick Heat, Air & Plumbing. This is Redwood's first investment in Oklahoma and adds Hendrick to its network of over 20 partner companies.

“Redwood Services has expanded into Oklahoma through a partnership with Hendrick Heat, Air & Plumbing, a residential HVAC and plumbing contractor based in Tulsa. The agreement marks Redwood's first investment in Oklahoma and adds Hendrick to its network of more than 20 essential home services Partner Companies.”
HVACPlumbing Positive
Source
Deal closed New Jun 2026 · Red Deer, AB
Verified

Thermogenics acquires Prime Boiler Services

Thermogenics Inc. has completed the acquisition of Prime Boiler Services, a boiler lifecycle solutions provider based in Red Deer, Alberta. This move expands Thermogenics' presence into Western Canada, specifically Alberta, BC, and Saskatchewan.

“Thermogenics Inc. has acquired Prime Boiler Services, a Red Deer, AB-based provider of comprehensive boiler lifecycle solutions. The move establishes Thermogenics’ presence in Alberta, BC and Saskatchewan, and increases its technical workforce and specialized engineering capabilities.”
Other Positive
Source
Deal closed New Jun 2026 · United Kingdom
Verified

Nordic Climate acquires Lightfoot International

Swedish contractor group Nordic Climate has acquired UK-based specialist cooling provider Lightfoot International. The acquisition expands Nordic Climate's exposure in defence-related cooling and industrial maritime sectors.

“UK: Acquisitive Swedish contractor group Nordic Climate has acquired the legendary and long-established UK company Lightfoot International.”
Nordic Climate · Acquirer Lightfoot International · Target
Refrigeration Positive
Source
Deal closed Jun 2026 · Middlesex, NJ
Verified

Total Comfort Group Acquires Victor's Air Conditioning Company

Total Comfort Group acquired Victor's Air Conditioning Company, a family-owned HVAC/R business in Middlesex, NJ, to expand service offerings.

“Total Comfort Group Acquires Victor's Air Conditioning Company, Broadening Services and Continuing a Legacy of Quality”
Total Comfort Group · Acquirer Victor's Air Conditioning Company · Target
ElectricalHVACPlumbing Positive
finance.yahoo.com
Deal closed May 2026 · Connecticut
Verified

Action Air Systems acquires Air Comfort Systems

Private equity-backed Action Air Systems has acquired Wallingford-based HVAC contractor Air Comfort Systems. The deal expands Action Air's presence in southern Connecticut, including the New Haven market.

“Wallingford-based HVAC contractor Air Comfort Systems has been acquired by private equity-backed competitor Action Air Systems. Action Air says the acquisition fits its continued growth strategy and expands the company’s presence across southern Connecticut, including the Wallingford and greater New Haven markets.”
Deal closed May 2026 · Philadelphia, PA
Verified

Unique Indoor Comfort and All Phase Electric Co. merge to form Ace Hardware Home Services

Unique Indoor Comfort and All Phase Electric Co. combined under the Ace Hardware brand, integrating HVAC and electrical services in Philadelphia.

“Unique Indoor Comfort and All Phase Electric Co. have come together as Ace Hardware Home Services, combining trusted local service with the strength of the Ace Hardware name.”
ElectricalHVACPlumbing Positive
www.acehardwarehomeservices.com
Deal closed May 2026 · Virginia Beach, VA
Verified

Russell's American Mechanical joins NearU platform

Russell's American Mechanical has joined the NearU roll-up platform, indicating a consolidation of home services in Virginia.

“If you’ve recently learned that your go-to HVAC, plumbing, drains, IAQ, and generator company has joined NearU, then this is something to get excited about!”
NearU Services · Platform Russell's American Mechanical · Target
ElectricalHVACPlumbing Positive
americanmechanicalva.com
Deal closed May 2026 · Wisconsin
Verified

CoolSys acquires CRM HVAC & Refrigeration

CoolSys acquired CRM HVAC & Refrigeration eight years ago, integrating it into the CoolSys brand to expand commercial capabilities in Wisconsin.

“Eight years ago, CoolSys acquired CRM HVAC & Refrigeration, a trusted provider of commercial HVAC and refrigeration services for supermarkets”
CoolSys · Acquirer CRM HVAC & Refrigeration · Target
HVACRefrigeration Positive
crmwi.com
Deal closed May 2026 · Philadelphia
Verified

Unique Indoor Comfort joins Ace Hardware Home Services

Unique Indoor Comfort is now part of the Ace Hardware Home Services family, indicating a rebrand or acquisition.

“Unique Indoor Comfort is now part of the Ace Hardware Home Services family! It’s still the same trusted service backed by four generations of serving the greater Philadelphia area”
Unique Indoor Comfort · Target Ace Hardware Home Services · Parent
ElectricalHVACPlumbing Neutral
uniqueheatingandcooling.com
Deal closed May 2026 · U.S.
Verified

Redwood Services acquires five-contractor group from SE Capital for $220 million

Redwood Services has acquired a group of five contracting businesses from investment firm SE Capital for $220 million. The transaction values the target at roughly 11x to 13x EBITDA and increases Redwood's total annualized EBITDA to over $100 million.

“Residential HVAC, plumbing, and electrical platform Redwood Services has acquired a group of five contracting businesses from investment firm SE Capital, the company The valuation represents a multiple of roughly 11x on around $20 million of EBITDA, according to one of the people, while another source placed the figures at roughly 13x on approximately $17 million. The deal pushes Redwood’s total annualized EBITDA to “over” $100 million, one of the people said, without specifying — and its total number of contractor partners from 19 to 24 across the U.S., excluding tuck-in acquisitions.”
Redwood Services · Acquirer SE Capital · Sponsor
ElectricalHVACPlumbing Neutral
homepros.news
Deal closed Apr 2026 · New Jersey / New York
Verified

PremiStar acquires Armistead Mechanical

PremiStar acquired Armistead Mechanical to expand its commercial HVAC and plumbing footprint into New Jersey and NY Hudson Valley.

“PremiStar, LLC acquired Armistead Mechanical, Inc., expanding PremiStar’s commercial HVAC, plumbing, and building automation footprint into New Jersey”
Armistead Mechanical, Inc. · Target PKF Investment Banking · Advisor PremiStar, LLC · Acquirer
HVACPlumbing Positive
privsource.com
Deal closed Mar 2026 · Denmark
Verified

Caverion Denmark acquires GK Denmark's service business

Competition authorities have approved the acquisition of GK Denmark's service business, including Vagns VVS and nearly 200 employees, by Caverion Denmark. The transfer is effective May 1st as part of GK's exit from the Danish market.

“As part of GK's decision to exit the Danish market, GK Denmark's service business, including Vagns VVS and nearly 200 employees, will become part of Caverion Denmark and take on a central role in the overall organization. With the transfer taking effect on 1 st May, the employees will continue their work within a strengthened framework at Caverion.”
ElectricalHVACPlumbing Positive
publicnow.com
Deal closed Mar 2026
Verified

Goldman Sachs Alternatives Acquires Majority Stake in Sila Services

Goldman Sachs Alternatives acquired a majority stake in Sila Services from Morgan Stanley Capital Partners at a reported valuation of around $1.7 billion, with an implied multiple in the 17 to 20 times range.

“A few months earlier, Goldman Sachs Alternatives acquired a majority stake in Sila Services from Morgan Stanley Capital Partners at a reported valuation of around $1.7 billion, with an implied multiple in the 17 to 20 times range depending on how you count pending add-ons.”
ElectricalHVACPlumbing Positive
profitabilitypartners.io