Funded Ventures' HVAC Platform Acquires Naugle Heating & Cooling

Flow Service Partners Acquires Nunning Heating, Air Conditioning and Refrigeration

March 6, 2023

HVAC & Mechanical

Flow Service Partners, a portfolio company of RLJ Equity Partners and LP First Capital, has acquired Nunning Heating, Air Conditioning and Refrigeration, a family-owned commercial HVACR services provider in Evansville, Indiana. The add-on expands Flow's footprint in Indiana and strengthens its commercial HVACR and refrigeration service capabilities; financial terms were not disclosed.

Len The Plumber Acquires Neffsville Plumbing, Heating & Cooling Services

April 7, 2021

HVAC & Mechanical

Len The Plumber, a portfolio company of Thompson Street Capital Partners, has acquired Neffsville Plumbing, Heating & Cooling Services, a residential plumbing and HVAC services provider based in Lancaster, Pennsylvania. The transaction is an add-on acquisition that expands Len The Plumber's Mid-Atlantic footprint; terms were not disclosed.

NearU Services Acquires Ideal Services Heating & Cooling

March 22, 2022

HVAC & Mechanical

NearU Services, a founder-led home services platform based in Charlotte, acquired Ideal Services Heating & Cooling, a Holly Springs-based provider of HVAC, plumbing, and electrical services. The deal expands NearU's footprint in the Raleigh–Durham market while keeping Ideal Services’ local brand and management in place.

Mission Plumbing, Heating & Cooling Acquires Ultra Heating & Cooling

April 7, 2025

HVAC & Mechanical

Mission Plumbing, Heating & Cooling has acquired Ultra Heating & Cooling effective April 7, 2025, expanding Mission’s footprint in the Kansas City metro and bringing Ultra’s customers into Mission’s service network. The acquisition is aligned with parent company Southern Home Services’ strategy of growing its regional home-services platform to offer expanded heating, cooling, plumbing, and 24/7 support.

NearU Services Acquires Carolina Air, Inc. Heating & Cooling

April 15, 2021

HVAC & Mechanical

NearU Services, a founder-led home services platform based in Charlotte, acquired Carolina Air, Inc. Heating & Cooling, a Pinehurst, North Carolina HVAC contractor. The deal expands NearU's footprint in the Raleigh‑Durham Triangle and Sandhills regions and Carolina Air will continue to operate under its local brand with existing management.

Harmonic Heating & Air Conditioning Adds Official Heating & Cooling in Rush Street Ventures-Backed Add-on

November 2, 2022

HVAC & Mechanical

Rush Street Ventures announced that Harmonic Heating & Air Conditioning has acquired Official Heating & Cooling as an add-on. The acquisition expands Harmonic's residential HVAC, plumbing and duct-cleaning footprint in the northwest and western suburbs of Chicago.