Burton Plumbing Services Acquires Mr. Holland's (Holland Heating & Air Conditioning, Inc. and Mr. Holland's Electric, Inc.)

LightBay Capital Makes Growth Investment in Burton Plumbing Services

January 4, 2022

HVAC & Mechanical

Los Angeles-based private equity firm LightBay Capital made a growth investment in Burton (Burton Plumbing Services, LLC), a Omaha-headquartered provider of residential and commercial HVAC, plumbing, and electrical services. The investment will support Burton's organic growth and continued add-on acquisition strategy; ShoreView, the prior sponsor, exited its investment as part of the transaction.

Burton Plumbing Services Acquires Blue Dot, Degree Heating & Air, and Hartlaub Plumbing

November 1, 2021

HVAC & Mechanical

Burton Plumbing Services, a ShoreView portfolio company, completed three add-on acquisitions: Blue Dot Services of Kansas, Degree Heating and Air Conditioning, and Hartlaub Plumbing, expanding its HVAC, plumbing and electrical service footprint into Topeka (KS), Lincoln (NE) and Milwaukee (WI). The transactions are Burton's fourth through sixth add-ons since ShoreView's March 2020 investment and add meaningful scale to Burton's field technician staff and service vehicle fleet.

Burton Plumbing Services Acquires Allen Service

June 9, 2021

HVAC & Mechanical

Burton Plumbing Services, a ShoreView portfolio company, has acquired Allen Service, a Fort Collins-based provider of residential HVAC and plumbing installation and repair. The add-on expands Burton’s geographic reach into the Rocky Mountain region and adds scale to its field technician staff and service vehicle fleet.

Burton Plumbing Services Acquires Star City Heating & Cooling

March 24, 2021

HVAC & Mechanical

Burton Plumbing Services, a ShoreView portfolio company, has acquired Star City Heating & Cooling, a Lincoln, Nebraska-based HVAC services provider. The add-on expands Burton's market coverage into the Lincoln metropolitan area and increases its field technician staff and service vehicle fleet; the deal is ShoreView's first add-on since its March 2020 investment in Burton.

IES Holdings Acquires 80% Stake in Bayonet Plumbing, Heating & Air-Conditioning

December 21, 2020

HVAC & Mechanical

IES Holdings, Inc. acquired an 80% ownership interest in Bayonet Plumbing, Heating and Air-Conditioning, LLC, a Hudson, Florida-based residential HVAC and plumbing services provider. The Blankenship family will retain a 20% stake, and Bayonet — with trailing 12-month revenue of about $86 million and over 500 employees — will join IES's Residential segment to expand its Florida footprint and add HVAC and plumbing capabilities.

ShoreView Capital Partners (Fund IV) Makes Growth Investment in Burton Plumbing Services

March 1, 2020

HVAC & Mechanical

ShoreView Capital Partners activated its $425 million Fund IV and made its first investment by providing growth capital to Burton Plumbing Services, LLC. ShoreView partnered with the company's owner to support Burton's expansion and pursue regional add-on acquisitions; Burton is an Omaha-based provider of HVAC and plumbing services to residential and commercial customers.