Every PE/M&A signal we can find, concrete deals and the broader market mood, each pinned to a
verbatim quote from its source. 583 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.
Trinity Hunt-backed NexCore acquired Mechanical Systems Technology, advised by Hudson Avenue Partners, to expand commercial HVAC capabilities.
“NexCore, a commercial HVAC services platform backed by Trinity Hunt, acquired Mechanical Systems Technology. Hudson Avenue Partners acted as exclusive financial advisor”
Trinity Hunt-backed NexCore acquired Mechanical Systems Technology, advised by Hudson Avenue Partners.
“NexCore, a commercial HVAC services platform backed by Trinity Hunt, acquired Mechanical Systems Technology.”
Leap Partners / PROW Brothers Plumbing, Heating & AC
“February 26, 2026. Leap Partners Acquires PROW Brothers Plumbing, Heating & AC.”
Leap Partners · Acquirer Concentric Equity Partners · Sponsor Leap Partners · Acquirer PROW Brothers Plumbing, Heating & AC · Target Southern Home Services, a consolidator of home service brands, acquired Dunn's HVAC, Plumbing & Electrical in Anniston, Alabama, expanding its Southeast footprint.
“Southern Home Services, a leading consolidator of home service brands across the Southeast, Midwest, and Mid-Atlantic, has acquired Dunn’s HVAC, Plumbing & Electrical.”
NexCore acquired Action Air, Accutemp Engineering, and FX Automation to expand its Northeast footprint and add building controls expertise.
“NexCore, the Trinity Hunt Partners-backed commercial HVAC platform, has acquired Action Air Systems (Connecticut), Accutemp Engineering (Massachusetts) and FX Automation”
Local HVAC and plumbing firm Arizona's Dukes of Air & Plumbing operates as part of the Service Experts network, indicating a roll-up or partnership.
“Arizona's Dukes of Air & Plumbing proudly operates as part of the Service Expertss network, blending over 25 years of local East Valley expertise with a respected national brand”
Champions Group Holdings announced the acquisition of North Texas residential service provider Lex Cooling, Heating, Plumbing & Electrical, advancing its strategy to expand in high-demand U.S. markets. Lex retains its brand under Champions Group.
“Champions Group Holdings announced the acquisition of Lex Cooling, Heating, Plumbing & Electrical, a residential service provider based in North Texas. This marks another major step in Champions Group’s strategy to expand service in high-demand markets across the United States.”
Champions Group Holdings announced the acquisition of Lex Cooling, Heating, Plumbing & Electrical, a North Texas residential HVAC, plumbing, and electrical service provider, as part of its U.S. growth strategy. Lex retains its brand and operates under Champions Group.
“IRVINE, California — Champions Group Holdings announced the acquisition of Lex Cooling, Heating, Plumbing & Electrical, a residential service provider based in North Texas. This marks another major step in Champions Group’s strategy to expand service in high-demand markets across the United States.”
The acquisition of DFW Mechanical is described as UBS' second add-on transaction following investment by AE Industrial Partners.
“This is UBS’ second add-on transaction following investment into the company by”
United Building Solutions (UBS) has acquired DFW Mechanical Group, a commercial HVAC and plumbing provider based in Wylie, Texas. This is described as UBS' second add-on transaction following an investment into the company.
“This is UBS’ second add-on transaction following investment into the company by”
This acquisition is the second major add-on for United Building Solutions since AE Industrial Partners invested in February 2025, following the acquisition of Total Comfort Solutions. It exemplifies a buy-and-build strategy in the commercial HVAC market.
“This acquisition is the second major add-on for United Building Solutions since AE Industrial Partners (AEI) made a significant investment in the company in February 2025.”
Sila Services acquired the NEOH group, bringing several established Ohio HVAC and home services brands (Simpson Heating & Air, Bonsky Heating & Cooling, Best Heating & Air Solutions, Ultra Clean Duct Cleaning, Coblentz Plumbing Solutions, Trade Masters Academy) under the Sila Services platform.
“The deal brings several established Ohio HVAC and home services brands under the Sila Services platform.”
Sila Services · Acquirer Bonsky Heating & Cooling · Subsidiary Coblentz Plumbing Solutions · Subsidiary NEOH · Target Simpson Heating & Air · Subsidiary Sila Services acquired NEOH, a multi-brand home services platform across Ohio, adding Simpson Heating & Air, Bonsky Heating & Cooling, Best Heating & Air Solutions, Ultra Clean Duct Cleaning, Coblentz Plumbing Solutions, and Trade Masters Academy to its platform. The deal expands Sila's Midwest HVAC and plumbing footprint.
“Sila Services announced it has expanded its Midwest footprint with the acquisition of NEOH, a multi-brand home services platform operating across Ohio.”
Sila Services · Acquirer Bonsky Heating & Cooling · Subsidiary Coblentz Plumbing Solutions · Subsidiary NEOH · Target Simpson Heating & Air · Subsidiary Kelvin Group / PermaCold Engineering
“Kelvin Group and Southfield Capital Announce the Strategic Acquisition of PermaCold Engineering”
Kelvin Group / PermaCold Engineering
“Kelvin Group, a national provider of industrial and commercial mechanical refrigeration services backed by Southfield Capital, has acquired PermaCold Engineering, a Portland-based industrial refrigera”
The acquisition of Bowers expands Legence's mechanical, plumbing, and process system capabilities in the Northern Virginia and DC Metro area, aligning with Legence's growth strategy as a provider of MEP services.
“The completion of this acquisition marks an important milestone in our growth strategy, and we are confident that together, we will achieve even greater success.”
Blackstone-backed Legence acquired the Bowers Group to deepen its commercial energy-services and mechanical footprint, signaling public market interest in this sector following its recent IPO.
“Blackstone-backed Legence, fresh off its September 2025 IPO, added the Bowers Group to deepen its commercial energy-services and mechanical footprint — a clear signal that public markets want this exposure too.”
Apex Service Partners, backed by Alpine Investors, closed approximately 60 add-on acquisitions in 2025 across HVAC, plumbing, and electrical, bringing its platform to nearly 300 businesses and ~$1.3 billion in annual revenue. This pace made it the most active HVAC acquirer in the country.
“Apex Service Partners, backed by Alpine Investors, closed approximately 60 add-on acquisitions in 2025 alone across HVAC, plumbing, and electrical — substantially more than any other platform tracked by the 2026 HVAC PE roll-up analysis compiled by CTC Acquisitions.”
White Wolf Capital platform Seacoast acquired Broward County HVAC provider Cool By Design to expand South Florida footprint.
“Seacoast Service Partners, a platform formed by White Wolf Capital Group, acquired Cool By Design, a residential HVAC services provider in Broward County, Florida.”
White Wolf Capital platform Seacoast acquired Cool By Design to expand its South Florida footprint.
“Seacoast Service Partners, a platform formed by White Wolf Capital Group, acquired Cool By Design, a residential HVAC services provider in Broward County, Florida.”
Since being acquired by Gamut in September 2024, Airtron expanded through several add-on acquisitions of regional operators, adding Sierra Air Conditioning, Viccarone Heating & Air Conditioning, and Sonoran Mechanical Systems in 2025, now operating 19 locations.
“Since being acquired by Gamut in September 2024, Airtron has expanded through several acquisitions of regional operators. In 2025, the company added Sierra Air Conditioning in March, Viccarone Heating & Air Conditioning in April, and Sonoran Mechanical Systems in May. Airtron now operates 19 locations across the United States.”
Seacoast acquired Always Air Services to strengthen its presence in Southwest Florida's Port Charlotte and Sarasota counties.
“Seacoast Service Partners, a White Wolf Capital platform focused on plumbing, HVAC and refrigeration services, has acquired Always Air Services, a family- and veteran-owned residential and commercial HVAC provider serving Southwest Florida.”
White Wolf platform Seacoast added Always Air Services to strengthen Southwest Florida presence.
“Seacoast Service Partners, a White Wolf Capital platform focused on plumbing, HVAC and refrigeration services, has acquired Always Air Services, a family- and veteran-owned residential and commercial HVAC provider serving Southwest Florida.”
Astara Capital-backed Del-Air acquired Jacksonville-based McGowan's to expand into northeast Florida.
“Del-Air Plumbing, Air Conditioning and Electric has acquired Jacksonville-based McGowan's Heating & Air Conditioning, expanding Del-Air's service footprint into northeast Florida.”
Astara-backed Del-Air acquired McGowan's to expand into northeast Florida while preserving warranties.
“Del-Air Plumbing, Air Conditioning and Electric has acquired Jacksonville-based McGowan's Heating & Air Conditioning, expanding Del-Air's service footprint into northeast Florida.”
Cascade acquired ECM from Air Pros Solutions, marking its 10th Florida acquisition and 13th overall.
“Cascade Services has acquired East Coast Mechanical (ECM) — a South Florida residential HVAC, plumbing, electrical and home warranty provider — from Air Pros Solutions, LLC.”
Southern Home Services acquired Nick's Plumbing & Air Conditioning, expanding its Texas footprint to four locations. The deal integrates Nick's into Southern's residential trade services network while retaining the local brand.
“Southern Home Services has acquired Nick's Plumbing & Air Conditioning, a Houston-based provider of plumbing, heating and air conditioning services. The deal expands Southern Home Services' Texas footprint (its fourth Texas location) and will keep Nick's brand and local operations intact while integrating the business into Southern's residential trade services network.”
A related-posts link references Sila Services' acquisition of Oxford Plumbing & Heating as part of its Eastern PA growth.
“[Sila Services Continues Eastern PA Growth with Acquisition of Oxford Plumbing & Heating](https://hvacinsider.com/sila-services-continues-eastern-pa-growth-with-acquisition-of-oxford-plumbing-heating/)”
A related-post reference indicates Sila Services continued its Eastern Pennsylvania growth with the acquisition of Oxford Plumbing & Heating.
“Sila Services Continues Eastern PA Growth with Acquisition of Oxford Plumbing & Heating”
A related-post headline notes Sila Services continued its Eastern Pennsylvania growth with the acquisition of Oxford Plumbing & Heating.
“Sila Services Continues Eastern PA Growth with Acquisition of Oxford Plumbing & Heating”
Goldman Sachs-backed Sila Services acquired Oxford Plumbing & Heating to expand its Eastern Pennsylvania footprint.
“Sila Services, a national home services platform, has acquired Oxford Plumbing & Heating, a long‑standing residential plumbing and heating provider serving Chester County, Pennsylvania.”
The acquisition of IPS follows a recent move where bluu unit acquired a majority stake in HVAC service provider KKL Holding from SüdBG.
“This move comes only weeks after bluu unit acquired a majority stake in HVAC service provider KKL Holding, from SüdBG a process closel”
The PE-backed bluu unit alliance acquired the isomix Group, a ventilation and indoor air purification specialist based in Melle, Germany. This acquisition adds capacity and expertise to bluu unit's nationwide network, which now comprises more than 20 members.
“With this acquisition, bluu unit strengthens its nationwide network - now comprising more than 20 members - by adding further capacity and expertise in the field of ventilation technology.”
The SEER Group expanded its Colorado footprint by acquiring Tuscan Electric, Heating & Plumbing, a Denver-metro family-run contractor. Tuscan retains its brand and team under SEER's operational backing.
“The SEER Group has expanded its Colorado footprint with the acquisition of Tuscan Electric, Heating & Plumbing, a fast-growing family-run contractor serving the Denver metro.”
Perfect Plumbing & Air of Boise and sister company Magic Electric of Jerome were acquired by Utah-based Any Hour Group in 2022; Any Hour is backed by PE 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.”
In 2021 Texas-based Apex Service Partners acquired Right Now Heating and Air, folding it into its Apex West Region Holdco.
“In 2021, Apex Service Partners of Texas acquired Right Now, according to PitchBook, joining Owyhee Heating as units of Apex.”
Owyhee Heating & Air was acquired in 2022 by Texas-based Apex Service Partners, joining Right Now Heating and Air Conditioning under the PE 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.”
SEER Group announced it acquired Boise-based Veterans Plumbing and K-F Electric; Veterans was merged into its Western Heating & Air platform.
“it acquired Boise-based Veterans Plumbing and K-F Electric. Veterans was merged into Western in March of this year, according to Idaho Secretary of State records.”
In 2021 Western Heating & Air sold a majority stake to Washington-based PE firm SEER Group, which lists 40+ HVAC/mechanical/plumbing companies including six others across Idaho.
“In 2021, after 54 years of local ownership, Western Heating & Air sold a majority stake to Washington-based private equity firm SEER Group.”
Comfort Systems USA announced the acquisition of Century Contractors, which is expected to add approximately US$90 million in revenue. This move supports the company's strategy of strengthening near-term revenue streams and addressing backlog conversion.
“Among the latest company announcements, the acquisition of Century Contractors, expected to add approximately US$90 million in revenue, stands out. This aligns squarely with the ongoing demand pipeline, supporting the narrative that strategic deal-making may help strengthen near-term revenue streams and address backlog conversion.”
A related-posts headline on the page reports Sila Services continuing its Virginia growth with the acquisition of My Plumber Plus.
“Sila Services Continues Its Virginia Growth with Acquisition of My Plumber Plus”
HVACPlumbing
hvacinsider.com A related-posts item notes Sila Services continued its Virginia growth with the acquisition of My Plumber Plus.
“Sila Services Continues Its Virginia Growth with Acquisition of My Plumber Plus”
A related-posts reference indicates Sila Services continued its Virginia expansion via the acquisition of My Plumber Plus.
“Sila Services Continues Its Virginia Growth with Acquisition of My Plumber Plus”
A related-posts reference indicates Sila Services continued its Virginia expansion via the acquisition of My Plumber Plus.
“Sila Services Continues Its Virginia Growth with Acquisition of My Plumber Plus”
A related-post headline in this source references Sila Services continuing its Virginia growth via the acquisition of My Plumber Plus, a home-services roll-up add-on.
“Sila Services Continues Its Virginia Growth with Acquisition of My Plumber Plus”
Related-article listing references Wrench Group acquiring Easy A/C and Service Champions, indicating broader HVAC roll-up acquisition activity.
“Wrench Group Acquires Easy A/C and Service Champions”
HVAC services platform Champions Group Holdings acquired Seattle-based Bee's Plumbing and Heating, its second acquisition in the Seattle metro, as part of a U.S. expansion strategy. Bee's keeps its brand.
“HVAC services provider Champions Group Holdings has acquired Bee’s Plumbing and Heating, a service provider based in Seattle, Washington.”
HVACPlumbing
www.achrnews.com HVAC services provider Champions Group Holdings acquired Bee's Plumbing and Heating, a Seattle-based service provider, marking its second acquisition in the Seattle metro and part of a stated strategy of expanding into high-demand U.S. markets.
“HVAC services provider Champions Group Holdings has acquired Bee’s Plumbing and Heating, a service provider based in Seattle, Washington.”
Home-services platform Sila Services acquired Concord, New Hampshire-based Live Free Heating, Cooling & Electric, expanding its footprint in New England. Live Free, founded in 2017 by brothers Peter and Tyler Marston, provides heating, cooling and electrical services.
“Sila Services, LLC is excited to announce its latest strategic acquisition, Live Free Heating, Cooling & Electric, a premier provider of home comfort solutions based in Concord, New Hampshire and founded by brothers Peter Marston and Tyler Marston.”
ElectricalHVAC
hvacinsider.com Home-services platform Sila Services acquired Live Free Heating, Cooling & Electric, expanding its New England presence in New Hampshire.
““Welcoming Peter, Tyler, and the entire Live Free Heating, Cooling & Electric team to Sila Services is a genuinely exciting milestone as we continue to build our presence across New England,” stated Jason Rabbino, CEO of Sila Services.”
ElectricalHVAC
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