Dubin Clark Acquires Affordable Water Heaters and Plumbing (AWHAP)

Dubin Clark-backed Affordable Water Heaters and Plumbing Acquires Temperature Control, Inc.

June 11, 2021

HVAC & Mechanical

Dubin Clark portfolio company Affordable Water Heaters and Plumbing, Inc. (AWHAP) has acquired Temperature Control, Inc., a Woodland Hills, California-based residential HVAC installation and replacement services provider. The add-on expands AWHAP's home services capabilities into HVAC and indoor air quality for high-end Los Angeles residential customers; financial terms were not disclosed.

Dubin Clark Acquires Astar Heating & Air; Midwest Mezzanine Provides Subordinated Financing

August 30, 2019

HVAC & Mechanical

Dubin Clark & Company, Inc. acquired Astar Heating & Air, LLC, a regional provider of HVAC replacement, maintenance and plumbing services serving more than 20,000 residential homeowners in New York’s lower Hudson Valley. Midwest Mezzanine provided subordinated debt and equity to support the transaction.

Apax Partners Acquires American Water's Homeowner Services Group

October 29, 2021

Insurance

Funds advised by Apax Partners agreed to acquire American Water's Homeowner Services Group in a transaction valued at about $1.275 billion. The deal delivers $480 million in cash to American Water, a $720 million secured seller's note and up to $75 million of contingent consideration, allowing American Water to redeploy proceeds into its regulated water and wastewater business.

Service Champions Acquires ABC Cooling Heating & Plumbing

July 14, 2020

HVAC & Mechanical

Service Champions, a CenterOak Partners-backed home services platform, has acquired ABC Cooling Heating & Plumbing, a long-tenured residential HVAC and plumbing provider headquartered in Hayward, California. The add-on expands Service Champions’ footprint into the East Bay, adds customers and employees to the platform and helps grow its statewide base of residential service agreements.

Shore Capital Partners Acquires Ackerman Plumbing, Inc.

January 27, 2025

Industrial Services

Chicago-based private equity firm Shore Capital Partners has partnered with Ackerman Plumbing, Inc., a Sarasota-based commercial plumbing services provider. Shore will support Ackerman's growth—assembling a board, investing in team and infrastructure, and expanding the company's footprint across the southeastern United States.

Montlake Capital Recapitalizes Fast Water Heater Company

June 26, 2018

HVAC & Mechanical

Montlake Capital completed a recapitalization and strategic investment in Fast Water Heater Company, a Bothell, Washington-based provider of residential and commercial water heater and plumbing services. The transaction will provide growth capital and strategic guidance to scale the business while keeping Jason Hanleybrown in his role as CEO.