RISE Group Acquires Air Masters HVAC of NE

Heartland Home Services Acquires Air Master Heating and Air Conditioning

June 7, 2022

HVAC & Mechanical

Heartland Home Services has acquired Air Master Heating and Air Conditioning, a Ferndale, Michigan-based HVAC service provider. The deal expands Heartland's presence and service density in the Detroit area; terms were not disclosed and the Air Master leadership team will remain in place.

The RISE Group Acquires DG Service Company

August 8, 2024

HVAC & Mechanical

The RISE Group, an employee‑owned provider of energy, engineering, laboratory, and field services, has acquired DG Service Company, a 28‑person HVAC and refrigeration contractor based in Mattapoisett, Massachusetts. DG Service will continue to be led by co‑founder Grace Knox and operate under The RISE Group’s Built Environment division, with all current employees remaining on staff.

Heartland Home Services Acquires Masters Heating & Cooling Inc.

April 29, 2022

HVAC & Mechanical

Heartland Home Services, a Midwest home-services platform, has acquired Masters Heating & Cooling Inc., a residential HVAC provider with five locations across Indiana including Fort Wayne and Indianapolis. The management team of Masters will remain in place; terms were not disclosed and Heartland said the acquisition will support growth through its training resources and operational platform.

The Master Group Acquires Refrigeration Sales Corporation from Rotunda Capital Partners

March 2, 2023

Building Products

The Master Group, a leading North American HVAC/R distributor, acquired Refrigeration Sales Corporation (RSC), a Valley View, Ohio-based HVAC/R parts and equipment wholesaler, from Rotunda Capital Partners. The acquisition expands The Master Group's U.S. footprint across Ohio and western Pennsylvania and follows Rotunda's 2021 investment to grow RSC into a multi-location, data-driven distribution platform.

Gryphon Investors Acquires Southern HVAC from MSouth, Forms NAEHS Holding Company

October 4, 2021

HVAC & Mechanical

Gryphon Investors has acquired a majority interest in Southern HVAC from MSouth Equity Partners and placed the business alongside Right Time under a new holding company, North American Essential Home Services (NAEHS). Southern HVAC, based in Orlando, Florida, operates 15 brands across the Southeastern and Midwestern U.S. and Texas with over 650 employees; the incumbent management team will remain and retain a meaningful equity stake. Financial terms of the transaction were not disclosed.

The Master Trades Group Acquires Freedom Air & Plumbing

August 6, 2024

HVAC & Mechanical

The Master Trades Group (MTG), a residential plumbing, HVAC and electrical services platform, has acquired Freedom Air & Plumbing, a full‑service residential HVAC and plumbing provider based in Rockledge, Florida. The acquisition expands MTG's footprint and service capabilities in the Southeast as part of its ongoing add-on growth strategy.