Gridiron Capital Invests in Legacy Service Partners

Legacy Service Partners Acquires John Henry's Plumbing, Heating & Air and Buehler Air Conditioning

May 2, 2023

HVAC & Mechanical

Legacy Service Partners, a Gridiron Capital-backed home services platform, completed investments in John Henry's Plumbing, Heating & Air (Lincoln, NE) and Buehler Air Conditioning (Jacksonville, FL). The add-on acquisitions expand Legacy's national footprint by entering the Midwest and increasing scale in existing markets while leveraging the platform's acquisition engine and integration capabilities.

RLJ Equity Partners and LP First Capital Recapitalize Three Businesses to Form Flow Service Partners

July 7, 2021

HVAC & Mechanical

RLJ Equity Partners and LP First Capital recapitalized three HVACR and plumbing businesses to create Flow Service Partners, a commercial HVACR and plumbing platform headquartered in Nashville, Tennessee. Brookside Capital Partners provided unitranche debt and an equity co-investment to facilitate the transaction; RLJ will hold controlling equity and pursue add-on acquisitions to scale the platform.

Apex Service Partners Acquires Frontier Service Partners from Imperial Capital

January 23, 2024

HVAC & Mechanical

Apex Service Partners has acquired Frontier Service Partners from Imperial Capital, closing on January 23, 2024. Frontier consolidates three Midwest residential home‑services brands (Haley Mechanical, Korte Does It All and AB May); Apex will integrate the brands into its national HVAC, plumbing and electrical platform to drive further growth and operational scale.

Green Heron Partners Makes Strategic Investment in Regency Plumbing Contractors

February 23, 2026

HVAC & Mechanical

Green Heron Partners, a Houston-based lower middle market private equity firm, announced a strategic growth investment in Regency Plumbing Contractors, a commercial plumbing contractor serving the Greater Houston area. Regency's executive leadership will remain in place with a significant ownership stake; the capital and operational support will be used to build a broader facility services platform and support geographic and capability expansion.

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.

Apollo Acquires PowerGrid Services from The Sterling Group

July 2, 2025

Industrial Services

Apollo has completed the acquisition of PowerGrid Services from The Sterling Group and other existing investors. PowerGrid is a national provider of electric utility maintenance and construction services with more than 1,700 in-house professionals operating across 35 states; Apollo will partner with management and existing investors to support the company’s continued growth and grid modernization efforts.