Redwood Services Partners with Guaranteed Service (New Jersey)

Redwood Services Partners with Hope Plumbing

February 24, 2025

Plumbing

Redwood Services, a Memphis-based home services platform, has partnered with Indianapolis-based Hope Plumbing. Owners Jack Hope and Brad Persic retain a significant minority stake while Redwood will provide operational, strategic and financial support to accelerate growth; the deal represents Redwood's 17th partnership.

Redwood Services Partners with Cardinal Heating, Cooling, Plumbing & Electric

April 7, 2025

HVAC & Mechanical

Redwood Services has partnered with Cardinal Heating, Cooling, Plumbing, & Electric, marking Redwood’s 18th platform investment. The Ouimette family (founders/owners) will retain a significant minority stake while Cardinal’s team continues to operate under its existing brand as Redwood provides operational and financial support to accelerate growth in the Madison, Wisconsin market.

Redwood Services Invests in Allbritten Plumbing, Heating & Air Conditioning

January 20, 2022

HVAC & Mechanical

Redwood Services, a Memphis-based home services investor, announced a minority growth investment in Allbritten Plumbing, Heating and Air Conditioning Services, a long-standing residential HVAC and plumbing provider in the Fresno, California area. Allbritten's president Jerry Unruh will retain a significant minority stake and become an advisor while the company’s management will continue operating under the Allbritten name as Redwood provides capital and operational support to expand in the Fresno market and broaden Redwood's West Coast footprint.

Redwood Services Invests in Tony's Plumbing

November 25, 2024

HVAC & Mechanical

Redwood Services has acquired a majority stake in Tony's Plumbing, a Modesto, California-based residential plumbing company founded in 1994; founders/owners will retain a significant minority ownership stake. Redwood will provide operational, strategic and financial support to help accelerate growth, and Tony's will continue to operate under its existing brand. The transaction is Redwood's sixteenth platform investment in the residential HVAC, plumbing and electrical services space.

Gridiron Capital Invests in Legacy Service Partners

January 18, 2023

HVAC & Mechanical

Gridiron Capital announced a growth investment in Legacy Service Partners, a platform provider of residential HVAC, plumbing, and electrical services operating across 16 states and 28 local brands. The capital will position Legacy for accelerated growth and national platform expansion in the highly fragmented residential services market; financial terms were not disclosed.

Leonard Green & Partners Acquires Service Logic from Warburg Pincus

November 2, 2020

HVAC & Mechanical

Leonard Green & Partners acquired Service Logic from Warburg Pincus. Service Logic, headquartered in Charlotte, North Carolina, operates 76 branches across the United States as a leading provider of commercial HVAC aftermarket maintenance, repair and replacement services; the company will remain led by CEO Craig Steinke and management, and Leonard Green intends to support continued organic growth and strategic acquisitions. Terms were not disclosed; committed debt financing was provided by JPMorgan Chase, Morgan Stanley, Antares Capital, and Crescent Capital.