Marathon HVAC Services (Sound Partners) Acquires Design Air

Sound Partners LLC Acquires Marathon HVAC Service

April 10, 2023

HVAC & Mechanical

Sound Partners LLC, a lower-middle market private equity fund, has acquired Marathon HVAC Service, a residential HVAC company based in Los Angeles, California. The deal launches Sound Partners' residential HVAC platform in Southern California; Marathon's founders Ray and Tatiana Martinez transition leadership to their daughter Tatiana Fitzpatrick as COO while Sound plans organic growth and add-on acquisitions to scale the business.

Marathon HVAC Services Acquires SoCal HVAC Specialist and Aloha Air Conditioning

April 24, 2023

HVAC & Mechanical

Marathon HVAC Services, a Sound Partners-backed residential HVAC platform, has completed the acquisitions of SoCal HVAC Specialist Heating & Air Conditioning, Inc. and Aloha Air Conditioning, Heating and Refrigeration to expand its footprint in Southern California. The add-ons strengthen Marathon's service capacity and recurring maintenance contract base as part of a roll-up strategy led by Sound Partners.

Marathon HVAC Services Acquires Kappl Heating & Air Conditioning

July 27, 2023

HVAC & Mechanical

Marathon HVAC Services, a portfolio company of Sound Partners, has acquired Kappl Heating & Air Conditioning, a family-owned residential HVAC business serving the San Fernando Valley since 1987. The add-on expands Marathon’s footprint in the Los Angeles residential HVAC market and continues Sound Partners’ strategy of scaling Marathon through platform roll-ups and operational support.

ResiXperts Acquires Marathon Plumbing, Heating & Air and Tokay Heating & Air to Enter California

January 6, 2025

HVAC & Mechanical

ResiXperts, a residential services platform backed by FoW Partners, has partnered with Marathon Plumbing, Heating & Air (Southern California) and Tokay Heating & Air (Northern California) as its first California partnerships to expand its Southwestern U.S. footprint. The two businesses were sponsored previously by Sound Partners, and the transactions bolster ResiXperts' plumbing, heating and cooling capabilities while positioning the platform for further regional growth.

Flow Service Partners Acquires Dynamic Air Solutions

May 31, 2024

HVAC & Mechanical

Flow Service Partners, a PE-backed commercial HVACR and plumbing platform, has acquired Dynamic Air Solutions, a Louisville-based commercial and industrial HVAC specialist. The add-on expands Flow's service capabilities and operational density in Kentucky and southern Indiana; financial terms were not disclosed.

Leap Partners Acquires Comfort Design, Premier Indoor Comfort Systems and Aire Solutions

July 11, 2023

HVAC & Mechanical

Leap Partners completed add-on acquisitions of three HVAC companies — Comfort Design (Kentucky), Premier Indoor Comfort Systems (Georgia and North Carolina), and Aire Solutions (Missouri) — expanding its Southeast footprint. The former owners (Chris Hagerman, Steve Samson and Tim Funke) will remain with their teams as the businesses operate under Leap Partners’ portfolio to grow HVAC, plumbing and electrical service capabilities across the region.