Every PE/M&A signal we can find, concrete deals and the broader market mood, each pinned to a
verbatim quote from its source. 74 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.
Huron Capital partnered with Dan Bueschel and acquired Pueblo in December 2017 to execute an ExecFactor buy-and-build strategy in the Southwestern U.S. commercial HVAC market; the IMS deal is its fifth add-on.
“Huron Capital partnered with Dan Bueschel and acquired Pueblo in December 2017 to pursue an ExecFactor® buy-and-build strategy in the commercial HVAC market in the Southwestern United States. This is the fifth add-on acquisition completed by Pueblo.”
Alpine Investors launched a new home and commercial services platform, Apex Service Partners, with Frank Gay Services joining Best Home Services as its foundation. Alpine plans to invest at least $100 million of equity capital over five years.
“Frank Gay joins Best Home Services to serve as the foundation of Apex Service Partners, Alpine’s new platform that will be a partnership of the leading home and commercial services companies.”
Alpine Investors partnered with Frank Gay Services, which joins Best Home Services as the foundation of Apex Service Partners, Alpine's new home- and commercial-services roll-up platform.
“Frank Gay joins Best Home Services to serve as the foundation of Apex Service Partners, Alpine’s new platform that will be a partnership of the leading home and commercial services companies.”
Huron Capital formed Pueblo Mechanical & Controls in December 2017 to pursue a buy-and-build strategy in the commercial HVAC market in the Southwestern U.S.
“Huron Capital formed Pueblo in December 2017 to pursue a buy-and-build strategy in the commercial HVAC market in the Southwestern U.S.”
Huron Capital formed Pueblo Mechanical & Controls as a platform to pursue a buy-and-build strategy in the commercial HVAC market across Arizona and surrounding states, actively seeking further add-ons.
“Huron Capital formed Pueblo to pursue a buy-and-build strategy in the commercial HVAC market in the Southwestern U.S. In addition to Commercial Air, Pueblo is seeking other add-on acquisition opportunities in Arizona and the surrounding states, including Texas, Colorado, New Mexico, and Utah, to fuel growth moving forward.”
Huron Capital formed Pueblo to pursue a buy-and-build strategy in Southwestern U.S. commercial HVAC, and Pueblo is seeking further add-ons across Arizona, Texas, Colorado, New Mexico and Utah.
“Huron Capital formed Pueblo to pursue a buy-and-build strategy in the commercial HVAC market in the Southwestern U.S. In addition to Commercial Air, Pueblo is seeking other add-on acquisition opportunities in Arizona and the surrounding states, including Texas, Colorado, New Mexico, and Utah, to fuel growth moving forward.”
Apex Service Partners was founded in 2019 in Tampa, Florida as a residential HVAC, plumbing, and electrical roll-up platform. It has grown to 107 brands, $1.3B in revenue, and 8,000+ employees, backed by Alpine Investors and Partners Group.
“Apex Service Partners is the largest residential HVAC, plumbing, and electrical roll-up in the United States. Founded in 2019 by AJ Brown and Will Matson in Tampa, Florida, Apex has grown to 107 brands across the country, generating $1.3 billion in annual revenue and employing over 8,000 tradespeople.”
Right Time Heating and Air Conditioning Canada, a multi-location residential HVAC contractor, formed a 50/50 partnership with private equity firm Clairvest Group in November 2018, establishing a PE-backed residential HVAC roll-up platform.
“Right Time Heating and Air Conditioning Canada, the multi-location HVAC contractor now with 10 sites across Ontario and Manitoba, has acquired M&K Climate Care of London, Ont. This is the second acquisition completed by Right Time since announcing its 50/50 partnership with Toronto-based private equity firm Clairvest Group”
Huron Capital partnered with Dan Bueschel and acquired Pueblo in December 2017 to pursue a buy-and-build roll-up strategy in the Southwestern US commercial HVAC market.
“Huron Capital partnered with Dan Bueschel and acquired Pueblo in December 2017 to pursue an ExecFactor® buy-and-build strategy in the commercial HVAC market in the Southwestern United States. This is the fifth add-on acquisition completed by Pueblo.”
Huron Capital formed Pueblo in December 2017 to pursue a buy-and-build strategy in the commercial HVAC market in the Southwestern U.S.; the platform now exceeds $100 million in annual revenue.
“Huron Capital formed Pueblo in December 2017 to pursue a buy-and-build strategy in the commercial HVAC market in the Southwestern U.S.”
The Wrench Group is described as a home maintenance and repair company spanning HVAC, plumbing and electrical services, pursuing a long-term plan to partner with high-quality companies via acquisitions.
“The Wrench Group, a home maintenance and repair company specializing in heating, ventilation, air conditioning, plumbing, and electrical services”
Huron Capital acquired Pueblo Mechanical in 2017 and brought in Dan Bueschel as CEO through its ExecFactor program, which identifies a specific sector and partners with an experienced CEO to execute a buy-and-build thesis.
“Huron acquired Pueblo in 2017 and brought in Dan Bueschel as CEO through the ExecFactor® program.”
IES Holdings acquired STR Mechanical, a mechanical (HVAC) services provider in Charlotte, NC, in April 2016. The acquisition is described as having a service focus and bringing an industry veteran, serving as a platform for further add-on acquisitions in the Commercial & Industrial segment.
“STR Mechanical April 2016 Mechanical (HVAC) services (Charlotte, NC) Service focus Industry veteran Commercial & Industrial”
The deal is framed as building on Source's platform as a leading independent provider of commercial refrigeration and HVAC services in North America, with the PE operating partner citing continued commitment to expand the platform.
“Source Refrigeration & HVAC said the acquisition builds on its strong platform as a leading independent provider of commercial refrigeration and HVAC services in North America, serving the nation’s top supermarket chains, many of the largest convenience store chains, and leading telecommunications and industrial companies.”
Buckeye Ventures' business plan is to consolidate small and mid-sized local and regional HVAC and plumbing contractors into a national conglomerate. The newly appointed CEO, Alan Mintz, has extensive experience in HVAC consolidation, including acquiring over 100 companies for Blue Dot Services.
“During the past two years, Mr. Mintz together with Larry Weinstein worked on the development of the business plan of Buckeye to consolidate small and mid sized local and regional and HVAC and plumbing contractors into a national conglomerate.”
Percheron Capital has formed Solidaire HVAC & Energy Solutions, a national commercial HVAC and energy services platform, and partnered with Enervise as its foundational acquisition. Solidaire will focus on commercial HVAC, plumbing, electrical, refrigeration, and controls services, with plans for rapid nationwide expansion.
“Percheron Capital Announces Partnership with Enervise and Launch of Solidaire HVAC & Energy Solutions”
P1 Service Group was founded in 2021 as a growth partner for home service companies, supporting residential HVAC, plumbing, and electrical partner companies with a 'people first' approach and resources across recruiting, marketing, finance, and acquisitions.
“Founded in 2021, P1 Service Group is an industry-leading growth partner to home service companies across the country. P1 supports its residential HVAC, plumbing, and electrical partner companies with a ‘people first’ approach, providing resources in the areas of recruiting, marketing, finance, training, leadership, acquisitions, business strategy, call center management, equipment pricing and procurement and more.”
P1 Service Group was founded in 2021 as a growth partner for home service companies, backed by Edgewater Funds. It supports residential HVAC, plumbing, and electrical partner companies with a 'people first' approach, targeting companies with $10 to $100 million in annual revenue.
“Founded in 2021, P1 Service Group is an industry-leading growth partner to home service companies across the country. P1 supports its residential HVAC, plumbing, and electrical partner companies with a ‘people first’ approach, providing resources in the areas of recruiting, marketing, finance, training, leadership, acquisitions, business strategy, call center management, equipment pricing and procurement, and more. P1 partners with home service companies in the range of $10 to $100 million in annual revenue that share in the belief of its mission.”
Wrench Group is cited as an example of a residential HVAC, plumbing, and electrical services platform formed through private equity backing from firms including Oak Hill Capital and Leonard Green & Partners.
“For example, Wrench Group is a residential HVAC, plumbing, and electrical services platform backed by several private equity firms, such as Oak Hill Capital and Leonard Green & Partners.”
Private equity firm Dubin Clark purchased Sila and Jones, forming the platform that later became Sila Services, which has been bought and sold between PE firms for the past decade.
“This has been the case for years now, going back to 2020 when Dubin Clark (another private equity firm who already owned Astar) purchased Sila and Jones.”
Southern Home Services is described as a PE-backed contracting consolidator that acquires and operates home service companies, headquartered in Maitland, Florida.
“Southern Home Services](https://www.southernhomeservices.com/), a fast-growing contracting company headquartered in Maitland, Florida, that uses private equity to acquire and operate successful home service companies.”
A Redwood Services representative describes the company's model of bringing partner companies and their HR leaders together, investing in and growing people across acquired home-service businesses, characteristic of a PE-backed multi-trade roll-up platform.
“recently, back in the summer, we brought many of our partners together and their HR leaders and into something that we called a people planning workshop.”
