GI Partners Acquires Majority Stake in American Residential Services; Charlesbank and Management Reinvest
September 15, 2020
GI Partners is making a majority investment in American Residential Services (ARS), with existing investor Charlesbank Capital Partners and ARS management also making significant new investments. ARS, based in Memphis, Tennessee, operates more than 70 locally managed service centers across 23 states with approximately 6,500 employees and is the largest residential HVAC and plumbing services provider in the U.S. GI Partners said it will work with management and Charlesbank to accelerate growth and expand ARS’s national footprint both organically and via add-on acquisitions; the transaction is expected to close in Q4 2020.
- Buyers
- GI Partners, Charlesbank Capital Partners, ARS management
- Targets
- American Residential Services
- Industry
- HVAC & Mechanical
- Location
- Tennessee, United States
- Transaction Type
- Buyout
Explore More
Related Acquisitions
-
GI Partners Makes Majority Investment in HES Facilities Management
June 1, 2026
Industrial Services
GI Partners announced the closing of its majority investment in HES Facilities Management, an outsourced facilities services provider serving education institutions and commercial customers. The investment includes reinvestment from HES’s management team, while GI Partners and management partner to support HES’s next phase of growth.
-
American Residential Services (ARS) Acquires Tipping Hat Plumbing, Heating & Electric
May 19, 2026
Professional Services
American Residential Services (ARS/Rescue Rooter) acquired Denver-based Tipping Hat Plumbing, Heating & Electric to expand its presence in the Denver metro area. The acquired company employs about 80 people and provides residential HVAC, plumbing, and electrical services across the region.
-
American Residential Services Acquires Tarpy Plumbing, Heating & Air
June 27, 2023
HVAC & Mechanical
American Residential Services (ARS/Rescue Rooter) has acquired Tarpy Plumbing, Heating & Air, expanding ARS's footprint in Southern California. Tarpy, based in San Diego and founded in 2007, employs about 50 people and operates a fleet of ~40 service, installation, and sales vehicles.
-
American Residential Services (ARS/Rescue Rooter) Acquires ESCO Heating, Air Conditioning, Plumbing and Electric
April 5, 2022
HVAC & Mechanical
American Residential Services (ARS/Rescue Rooter) has acquired ESCO Heating, Air Conditioning, Plumbing and Electric of Salt Lake City, Utah. The acquisition expands ARS's residential HVAC, plumbing and electrical footprint in the Western U.S. and brings ESCO's local team and capabilities into ARS's national network.
-
AssuredPartners Acquires American Risk Services, LLC
December 13, 2021
Insurance
AssuredPartners, Inc. has acquired American Risk Services, LLC (ARS), a Cincinnati-based insurance brokerage with a 32-person team and approximately $20 million in annualized revenue. The ARS founders and leadership will remain with the business as AssuredPartners expands its Ohio footprint as part of continued national growth.
-
GI Partners Makes Significant Growth Investment in Aras
April 19, 2021
Software
GI Partners has made a substantial growth investment in Aras to accelerate the company's low-code platform innovation, global expansion, and customer success. The capital will support Aras' product and cloud technology development as well as potential organic R&D and acquisitions to scale the business.
Build a buyer list for your deal
Find active buyers from recent acquisition patterns and move straight into outreach.