Ascension Property Services Acquires Palmetto Plumbing Co. of Hialeah Inc.

H.I.G. Capital Completes Growth Investment in Ascension Property Services

July 25, 2024

HVAC & Mechanical

H.I.G. Capital (through an affiliate) has completed a growth investment in Ascension Property Services (APS), a Tennessee-headquartered provider of mechanical, electrical and plumbing (MEP) services for commercial and industrial properties. The investment will support APS's organic and acquisition-driven growth, expand its service offerings and target new geographies across the southern U.S.

Ascension Property Services Acquires Bryant Electric, Inc.

November 21, 2019

Electrical Services

Ascension Property Services, a Memphis-based portfolio company of SouthWorth Capital Management, acquired Bryant Electric, Inc. of Doral, Florida. Kratos Capital advised Bryant Electric on the transaction, which closed on November 8, 2019; the deal expands Ascension’s building-services platform capabilities in commercial and industrial electrical work.

Air Conditioning Specialist (ACS) Acquires Palmetto Heating & Air of the Low Country

April 6, 2023

HVAC & Mechanical

Air Conditioning Specialist, Inc. (ACS), a Hidden Harbor Capital Partners portfolio company, acquired Palmetto Heating & Air of the Low Country, a Hardeeville, South Carolina provider of residential and light-commercial HVAC services. The deal expands ACS’s geographic footprint into South Carolina and broadens its service and replacement capabilities; financing was provided by Capital Southwest and Generational Equity advised the seller.

Southern HVAC Corporation Acquires Pro Plumbing Services, LLC

June 29, 2022

HVAC & Mechanical

Southern HVAC Corporation acquired Pro Plumbing Services, LLC, a Lexington, North Carolina-based residential plumbing, electrical, heating and air contractor. The bolt-on expands Southern HVAC's Plumbing & Air Service Company footprint in the Piedmont Triad (Greensboro, Winston-Salem, High Point and Lexington) and allows Pro Plumbing to retain its brand while gaining access to Southern HVAC's training, sales, marketing and operational resources.

Southern Home Services Acquires Elite Electric, Plumbing & Air

August 14, 2024

Industrial Services

Southern Home Services has acquired Elite Electric, Plumbing & Air, a Port St. Lucie-based residential plumbing, HVAC and electrical services provider. The deal strengthens Southern Home Services' contiguous Florida footprint along the I-95 corridor and will allow Elite to remain branded locally while benefiting from Southern's resources to support growth and employee retention.

Paschal Air, Plumbing & Electric Acquires Patriot Heating & Air

September 4, 2024

HVAC & Mechanical

Paschal Air, Plumbing & Electric has acquired Patriot Heating & Air, adding Patriot’s Oklahoma City team to Paschal’s operator-owned home services platform and expanding Paschal’s HVAC, plumbing, and electrical service footprint into Oklahoma. The transaction, with Patriot owner Willie Hester exiting, is intended to broaden local service capacity while integrating Patriot’s customers and employees into Paschal’s larger network.