CPS Capital Invests in Royal House Partners to Build Home Services Platform
February 3, 2022
Toronto-based private equity firm CPS Capital made a significant growth investment in Royal House Partners (RHP), a Dallas-founded platform focused on consolidating residential and light-commercial HVAC, plumbing and electrical contractors. The investment supports RHP’s roll-up strategy and enabled the platform to close its first ten add-on acquisitions across Texas, Missouri and Oklahoma, with Twin Brook Capital Partners providing debt financing.
- Buyers
- CPS Capital, Royal House Partners
- Targets
- Green Leaf AC & Heating, Brian's Heating & Cooling, Anton's Air Conditioning and Heating, Terry's American, Baxter Electric, City Plumbing, Dahl Heat & Air, Treece & Rhines, Metro Service Company, Southern Comfort Heating & Air
- Sellers
- Brian Mathews, Terry Sorrells, Craig Denton
- Platforms
- Royal House Partners
- Industry
- HVAC & Mechanical
- Location
- United States
- Transaction Type
- Growth capital
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Royal House Partners Adds Dave's Heating & Air Conditioning to Portfolio
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Royal House Partners (RHP), a home‑services roll‑up platform backed by CPS Capital and 1801 Holdings, has invested in Dave's Heating & Air Conditioning, a Taylor, Texas–based residential and light commercial HVAC provider. The deal expands RHP's HVAC footprint in Central Texas and brings a 30+ year local business with licensed journeymen into its family of businesses.
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Royal House Partners Acquires Integrity Heat & Air
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Royal House Partners (RHP), a Dallas–Fort Worth based home services platform backed by CPS Capital and 1801 Holdings, has acquired Integrity Heat & Air, a residential and light commercial HVAC provider based in Oklahoma City, Oklahoma. The deal is an add-on to RHP’s roll-up strategy to expand its HVAC footprint in Oklahoma and strengthen its local service capabilities.
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Royal House Partners (backed by CPS Capital) Acquires Action Heating & Cooling (Crossville, TN)
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Royal House Partners, a home‑services roll‑up platform backed by CPS Capital and 1801 Holdings, has acquired Action Heating & Cooling, a Crossville, Tennessee HVAC business. The deal expands RHP's footprint into Tennessee as part of its residential and light commercial HVAC, plumbing and electrical roll‑up strategy; Twin Brook Capital Partners provided debt financing.
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Royal House Partners (CPS) Acquires Metro Service Company (Tiffany Air, LLC)
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Royal House Partners, a holding of CPS Capital, acquired Tiffany Air, LLC (dba Metro Service Company), a Bethany, Oklahoma-based HVAC contractor, with the transaction closing on November 10, 2021. The deal expands Royal House Partners/CPS’s footprint in residential and commercial HVAC, plumbing and electrical services as an add-on to its existing platform.
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Royal House Partners Acquires SOS Mechanical
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Royal House Partners (RHP), a home‑services platform founded by CPS Capital and 1801 Holdings, has acquired SOS Mechanical, an HVAC services business based in Round Rock, Texas. The deal is an add‑on to RHP's growing Texas platform; founder Steve Osteen will retire and General Manager Allison Hale will lead the business as part of the RHP family of companies.
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Royal House Partners Adds Schuler Plumbing to Home Services Platform
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Royal House Partners, a home-services platform backed by CPS Capital and 1801 Holdings, has acquired Schuler Plumbing (Schuler Enterprises) of Oklahoma City, Oklahoma. The deal expands RHP’s plumbing capability and footprint in the Oklahoma City metro as an add-on to its residential and light commercial HVAC, plumbing and electrical roll-up strategy.
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