Every PE/M&A signal we can find, concrete deals and the broader market mood, each pinned to a
verbatim quote from its source. 1244 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
1,191 dated signals shown · 53 undated (excluded from the chart).
Exigent Group acquired Premier Mechanical, an HVAC service provider in Lima, OH, folding it into its Ohio operating company Smith-Boughan. The deal expands Exigent's Midwestern service business and customer footprint.
“Exigent welcomes Premier Mechanical to the Exigent team! Premier is located in Lima, OH and provides HVAC service to commercial customers from Toledo to Columbus to Cleveland. Premier folds into our Ohio operating company Smith-Boughan, substantially boosting our Midwestern service business and expanding our customer footprint.”
Exigent Group acquired Premier Mechanical, an HVAC service provider in Lima, OH, which will be folded into its Ohio operating company Smith-Boughan, expanding its Midwestern service business and customer footprint.
“Exigent welcomes Premier Mechanical to the Exigent team! Premier is located in Lima, OH and provides HVAC service to commercial customers from Toledo to Columbus to Cleveland. Premier folds into our Ohio operating company Smith-Boughan, substantially boosting our Midwestern service business and expanding our customer footprint.”
Sila Services acquired Sullivan Super Service Plumbing, Heating and Cooling, a Pittsburgh-based home comfort provider established in 1964, to strengthen its presence in Western Pennsylvania.
“Sila Services, LLC is proud to announce the acquisition of Sullivan Super Service Plumbing, Heating and Cooling, a leading provider of home comfort services based in Pittsburgh, Pennsylvania.”
Sila Services acquired Sullivan Super Service Plumbing, Heating and Cooling, a Pittsburgh-based home comfort provider, strengthening Sila's presence across Western Pennsylvania.
“Sila Services, LLC is proud to announce the acquisition of Sullivan Super Service Plumbing, Heating and Cooling, a leading provider of home comfort services based in Pittsburgh, Pennsylvania.”
The hosts characterize Apex Service Partners (large PE-backed home-service roll-up) as known for letting go of the seller/operator early in the integration process after buying a company out.
“it's why Apex right is known to let go of the operator pretty early on in their process after they buy somebody out”
Redwood Services has built a significant roll-up platform, acquiring 35 companies in the past four years, ranging from small outright purchases averaging $1 million to larger majority-stake deals averaging $20 million.
“Redwood has acquired 35 companies in the past four years. They range from smaller outfits (such as Rice’s), which Redwood says it buys outright for an average of $1 million, to more sizable companies (such as Rite Way), with an average valuation around $20 million, in which it takes majority stakes.”
Adam Hanover, chairman of Redwood Services, notes the widespread involvement of private equity in the HVAC space, indicating a saturated market of PE-backed home-services companies.
“Everybody and their uncle owns an HVAC business in the private-equity space today,’ says Adam Hanover, chairman of Redwood Services.”
With the three 2025 acquisitions, NexCore has completed eleven total acquisitions since its inception in March 2023, demonstrating rapid consolidation velocity.
“The three 2025 acquisitions bring NexCore's total to eleven since its inception, demonstrating the velocity of this strategy.”
NexCore acquired FX Automation, a building automation systems specialist, as a tuck-in acquisition to Accutemp Engineering to deepen technical capabilities in smart buildings.
“FX Automation, acquired as a “tuck-in” to Accutemp, specializes in commercial HVAC controls and building automation systems (BAS).”
NexCore acquired Connecticut-based Action Air Systems as part of its 2025 acquisition push, expanding its workforce and geographic footprint.
“The acquisitions of Connecticut’s Action Air Systems and Massachusetts-based Accutemp Engineering and FX Automation have pushed NexCore’s total workforce to over 900 employees across six operating hubs.”
Sila Services led disclosed plumbing-relevant add-on acquisitions in 2025 with six deals, including Norfolk Air, Guy Smith, Delco Storm & Sewer, Live Free, My Plumber Plus, and Ahrens / Tangney.
“Sila Services led with six 2025 plumbing-relevant adds (Norfolk Air, Guy Smith, Delco Storm & Sewer, Live Free, My Plumber Plus, Ahrens / Tangney).”
The Nugent acquisition expands Sila Services' presence in the Washington, D.C. area, building on Nugent's 50-year local legacy.
“The partnership expands Sila Services’ presence in the Washington, D.C., area and builds on the 50-year legacy of quality and customer service established by Nugent & Sons, according to a press release.”
Sila Services acquired John Nugent & Sons, a family-owned HVAC, plumbing, and electrical contractor in Sterling, Virginia serving Northern Virginia since 1975, expanding Sila's presence in the Washington, D.C. area.
“Sila Services has acquired John Nugent & Sons, a family-owned and -operated HVAC, plumbing, and electrical company in Sterling, Virginia, that has served Northern Virginia since 1975.”
Sila Services acquired John Nugent & Sons, a family-owned HVAC, plumbing, and electrical company in Sterling, Virginia, expanding Sila's presence in the Washington, D.C., area.
“Sila Services has acquired John Nugent & Sons, a family-owned and -operated HVAC, plumbing, and electrical company in Sterling, Virginia, that has served Northern Virginia since 1975.”
Sila Services has expanded into the Pittsburgh market through an acquisition. The target is A-Comfort Service, a company founded in 1988 known for installation and service.
“Sila Services Enters Pittsburgh Market With Acquisition”
Sila Services framed the A-Comfort acquisition as growing its presence across Western Pennsylvania and entering the Pittsburgh market.
“We are thrilled to welcome A-Comfort Service into the Sila Services family as we grow our presence across Western Pennsylvania and enter the exciting Pittsburgh market,” said Jason Rabbino, CEO of Sila Services.”
Sila Services acquired Pittsburgh HVAC and plumbing company A-Comfort Service, expanding its presence across Western Pennsylvania and entering the Pittsburgh market.
“Sila Services has acquired A-Comfort Service, a leading HVAC and plumbing company located in Pittsburgh, Pennsylvania.”
Sila's CEO framed the A-Comfort acquisition as growing the platform's presence across Western Pennsylvania and entering the Pittsburgh market.
““We are thrilled to welcome A-Comfort Service into the Sila Services family as we grow our presence across Western Pennsylvania and enter the exciting Pittsburgh market,” said Jason Rabbino, CEO of Sila Services.”
Sila Services acquired A-Comfort Service, a Pittsburgh HVAC and plumbing company, expanding its presence across Western Pennsylvania and entering the Pittsburgh market.
“Sila Services has acquired A-Comfort Service, a leading HVAC and plumbing company located in Pittsburgh, Pennsylvania.”
Punctual Pros, a leading operator of One Hour Heating & Air Conditioning, Benjamin Franklin Plumbing and Mister Sparky Electric, acquired Horvath Home Services, expanding into Ocean and Monmouth Counties in Central New Jersey. This is Punctual Pros' first out-of-state acquisition since being acquired by Broad Sky Partners earlier in 2024.
“Punctual Pros, a leading operator of One Hour Heating & Air Conditioning, Benjamin Franklin Plumbing and Mister Sparky Electric, has acquired Horvath Home Services, expanding its footprint into Ocean and Monmouth Counties in Central New Jersey. The deal is Punctual Pros' first out-of-state acquisition since the company was acquired by Broad Sky Partners earlier in 2024 and is intended to drive mid-Atlantic geographic expansion and operational synergies.”
Benjamin Franklin Plumbing · Mentioned Broad Sky Partners · Sponsor Horvath Home Services · Target Mister Sparky Electric · Mentioned One Hour Heating & Air Conditioning · Mentioned Punctual Pros · Acquirer
Within the Any Hour Group, the platform has acquired many different businesses across ~30 locations, seeking to have each acquired partner replicate Any Hour Services' success.
“And now within the Any Hour Group, we have roughly 30 locations. And we have obviously gone out and acquired a lot of different businesses.”
Any Hour Services brought on a private equity partner in July 2021 and formed the Any Hour Group platform, which has since grown to roughly 30 locations and ~2,000 employees by acquiring multiple home-service businesses.
“In 2021, we actually had a private equity partner come and join us. And at that point in July of 2021, we formed the Any Hour Group.”
ACHR News related-article links show Sila Services has acquired multiple regional contractors (Falls Creek PA, an Ohio HVAC and plumbing contractor, and a Western New York contractor), indicating an ongoing roll-up pattern.
“Sila Services Acquires Falls Creek, Pa., Contractor”
PE-backed home-services platform Sila Services acquired New Berlin Heating & Air Conditioning, a Milwaukee-area HVAC contractor, expanding its Midwest footprint.
“Sila Services has acquired New Berlin Heating & Air Conditioning, a provider of HVAC services based in New Berlin, Wisconsin.”
Sila Services CEO framed the New Berlin acquisition as a platform expansion in the Midwest building on the acquired company's community ties.
“With their deep ties to the community in Wisconsin, we look forward to further enhancing our service offerings in the Midwest, while building on New Berlin’s extraordinary history of quality and service excellence.”
PE-backed home-services platform Sila Services acquired New Berlin Heating & Air Conditioning, a Wisconsin HVAC contractor, expanding its Midwest footprint.
“PHILADELPHIA — Sila Services has acquired New Berlin Heating & Air Conditioning, a provider of HVAC services based in New Berlin, Wisconsin.”
Sila Services has acquired New Berlin Heating & Air Conditioning, a family-run HVAC services provider based in New Berlin, Wisconsin, to accelerate the platform’s Midwest expansion.
“Sila Services has acquired New Berlin Heating & Air Conditioning, a family-run HVAC services provider based in New Berlin, Wisconsin, to accelerate the platform’s Midwest expansion.”
PremiStar has acquired Conditioned Air Design, a commercial HVAC contractor based in West Allis, Wisconsin, expanding PremiStar's footprint in Southeastern Wisconsin.
“PremiStar has acquired Conditioned Air Design, a commercial HVAC contractor based in West Allis, Wisconsin, expanding PremiStar's footprint in Southeastern Wisconsin.”
Sila Services was sold to Goldman Sachs Alternatives in November 2024, representing a closed platform-level cap-table transaction in the residential HVAC services consolidation cycle.
“Sila Services to Goldman Sachs Alternatives in November 2024”
Under Redwood's ownership, Rite Way acquired companies to expand beyond HVAC into plumbing and electrical services, growing its service offerings and customer base.
“Under Redwood, the company has gone from $30 million in annual revenue to around $70 million. Along the way, Rite Way acquired companies to expand beyond HVAC, with plumbing and electrical services.”
Sila's CEO framed the A to Z acquisition as part of strengthening its team and broadening reach across Ohio and the Midwest, consistent with a PE-style home-services roll-up.
“We are delighted to welcome A to Z Dependable Services into the Sila Services family as we continue to strengthen our team and broaden our reach across Ohio and the Midwest,” said Jason Rabbino, CEO of Sila Services.”
Sila Services acquired A to Z Dependable Services, a plumbing and HVAC provider in Niles, Ohio, broadening its reach across Ohio and the Midwest as part of its home-services platform.
“PHILADELPHIA — Sila Services has acquired A to Z Dependable Services, a plumbing and HVAC service provider based in Niles, Ohio.”
Sila's CEO framed the A to Z acquisition as part of an ongoing regional roll-up expansion across Ohio and the Midwest.
“We are delighted to welcome A to Z Dependable Services into the Sila Services family as we continue to strengthen our team and broaden our reach across Ohio and the Midwest”
Sila Services, a roll-up platform of home-services contractors, acquired A to Z Dependable Services, a plumbing and HVAC provider in Niles, Ohio, expanding its footprint across Ohio and the Midwest.
“PHILADELPHIA — Sila Services has acquired A to Z Dependable Services, a plumbing and HVAC service provider based in Niles, Ohio.”
Sila Services · Acquirer A to Z Dependable Services · Target Brian Pritchard · Mentioned Jason Rabbino · Mentioned
Del-Air Plumbing, Air Conditioning and Electric, majority owned by Astara Capital Partners, acquired ARS/Rescue Rooter Vero Beach, a Florida east-coast plumbing/AC/heating contractor.
“Del-Air Plumbing, Air Conditioning and Electric has acquired ARS/Rescue Rooter Vero Beach.”
Redwood's CFO explains the firm prefers acquiring established owner-operated trade businesses via roll-in, folding former owners into a robust management team so they can focus on the trade rather than back-office tasks.
“For us, it has been the most efficient to find somebody who has built their own expertise in their own business and acquiring them via rack in. We like folding them into a robust management team where the”
Redwood Services CFO Shaun Hardick describes acquisition valuation multiples, noting scaled HVAC contractors command eight or nine-plus times earnings while small plumbing/electrical businesses can be bought for two to three times earnings.
“You can generally buy or partner with those types of businesses for somewhere between two and three times their earnings. Don't get me wrong, that's always a lot of money. But it's way less than the eight or nineplus times that scaled HVAC contractors command.”
Redwood Services, an investor in the HVAC contracting space with 15 business partners, pursues a partnership-style roll-up model, acquiring and coaching HVAC businesses and pushing them to add plumbing and electrical services for resilience and cross-sell.
“Edwood Services is an investor in the HVAC contracting space. They currently have 15 business partners.”
Airtron is a portfolio company of private investment firm Gamut Capital Management, having been acquired in September 2024; Gamut is funding Airtron's acquisition-driven expansion.
“Airtron is a portfolio company of Gamut Capital Management (“Gamut”), having been acquired in September 2024.”
Sila Services described the Allied Experts acquisition as expanding its presence and range of services in New Jersey, consistent with a home-services roll-up adding regional density.
“We are excited to welcome Allied Experts into the Sila Services family as we expand our presence in New Jersey,”
Sila Services, LLC acquired Allied Experts, a Cherry Hill, NJ home comfort service provider offering heating, cooling, plumbing, and home performance, as a tuck-in expanding Sila's residential home-services footprint in New Jersey.
“Sila Services, LLC is pleased to announce its acquisition of Allied Experts, a leading home comfort service provider based in Cherry Hill, New Jersey.”
Roll-up platform Sila Services acquired Allied Experts, a Cherry Hill, NJ HVAC/plumbing/home-performance provider, expanding its New Jersey presence.
“Sila Services, LLC is pleased to announce its acquisition of Allied Experts, a leading home comfort service provider based in Cherry Hill, New Jersey. Founded in 2009, Allied Experts has built a strong reputation for delivering high-quality heating, cooling, plumbing, and home performance solutions across New Jersey.”
Sila Services, a home services platform, acquired Allied Experts, a Cherry Hill, New Jersey-based provider of HVAC, plumbing, and home performance solutions. The acquisition expands Sila's presence in New Jersey.
“Sila Services, a home services platform, has acquired Allied Experts, a Cherry Hill, New Jersey-based provider of HVAC, plumbing, and home performance solutions. The acquisition expands Sila's presence in New Jersey and adds Allied's home comfort and energy-efficiency capabilities to Sila's platform.”
Southern Home Services frames the Elite acquisition as securing contiguous coverage along the Florida I-95 corridor between Fernandina Beach and West Palm Beach, indicating a geographic roll-up strategy.
“This partnership not only further secures our contiguous coverage along the I-95 corridor between Fernandina Beach to the north and West Palm Beach to the south, but also strengthens Elite’s capacity to provide exceptional services and expertise to the Port St. Lucie community.”
