Most Active Private Equity Investors in HVAC Companies
Expanding on our last post, Private Equity Investments in HVAC Companies, here we show the most active PE investors in HVAC companies, sample platform investments, and recent add-on HVAC investments.
Four PE firms with at least three current platform HVAC investments:
- Bestige Holdings (Park City, UT, US)
- Gryphon Investors (San Francisco, CA, US)
- Aterian Investment Partners (NewYork, NY, US)
- Ardian (Paris, France)
Sample Private Equity Investments in HVAC Companies
June 2021 – RLJ Equity Partners invested in Flow Service Partners (Nashville, TN, US), a maintenance, repair, replacement, and installation platform focused on the heating, ventilation, and air conditioning as well as plumbing and electrical markets.
January 2021 – Bestige Holdings invested in Diamond Heating & Cooling (Garden City, ID, US), provides heating, cooling, indoor air quality, and other related home services to homeowners in the Treasure Valley region.
December 2020 – Gryphon Investors invested in Right Time Heating and Air Conditioning (St. Catharines, Ontario, Canada), an independently owned residential HVAC services provider with a focus on preventative maintenance programs and repairs and replacements of HVAC units.
September 2020 – Aterian Investment Partners invested in Rogers Mechanical Contractors (Vila Rica, GA, US), a national provider of HVAC/mechanical and plumbing contracting services to the distribution center market.
Recent HVAC Add-On Investments
March 2022 – Air Conditioning Specialist [PE Owner: Hidden Harbor Capital Partners] acquired Chancey & Reynolds Inc., based in Knoxville, Tennessee, is a provider of commercial and residential HVAC installation and services.
March 2022 – Resolute Industrial [PE Owner: AE Industrial Partners] acquired Rocky Mountain Portable Cooling based in Englewood, Colorado, which offers temporary cooling, heating, and power solutions, including 24/7 support.
March 2022 – Right Time Heating and Air Conditioning [PE Owner: Gryphon Investors] acquired Wardlaw Heating and Cooling, based in Sault Ste. Marie, Ontario, Canada, is an installer and service provider for heating, air conditioning and air quality equipment.
February 2022 – The Kelvin Group [PE Owner: Southfield Capital] acquired Refrigeration Design & Service (RD&S), an industrial refrigeration services and design/build provider headquartered in Fairless Hills, PA.
January 2022 – Any Hour [PE Owner: Knox Lane] acquired Advanced Home Services, provides air conditioning, indoor air quality, heating, plumbing, drain and sewer, water treatment, and water heater services throughout Southeast Idaho.
Get the Data
There are currently 233 active PE platform portfolio companies in the HVAC space (and 440 exits).
- Portfolio Company - name, website, city, state, country, business profile
- Private Equity Firm - name, website, address, city, state, zip, country, phone
Private Equity Transactions
Watch 1-minute demos on how to quickly find transactions of interest.