S|E|Capital Partners Acquires Sierra Air Conditioning, Inc. and Sierra, LLC

SE Capital Partners Acquires Cardinal Heating and Air

August 8, 2024

HVAC & Mechanical

SE Capital Partners, a Chicago-based private equity firm, has acquired Cardinal Heating and Air, a Kirkland, Washington HVAC services provider founded in 1991. The deal expands SE Capital's portfolio of HVAC service providers and gives the firm a presence in the Pacific Northwest; terms were not disclosed.

Airtron Heating & Air Conditioning Acquires Sierra Air Conditioning

March 5, 2025

Construction

Airtron Heating & Air Conditioning, a portfolio company of Gamut Capital Management, has acquired Sierra Air Conditioning, Inc., Sierra Air Conditioning of Idaho LLC, and Silverado Mechanical LLC to expand its HVAC installation capabilities into Nevada and Idaho. The acquisition creates a national HVAC installation platform focused on the single-family residential new construction (RNC) channel; financial terms were not disclosed.

Morgan Stanley Capital Partners Acquires Sila Heating & Air

May 26, 2021

HVAC & Mechanical

Funds affiliated with Morgan Stanley Capital Partners completed an acquisition of Sila Heating & Air Conditioning from Dubin Clark, acquiring the Northeast/Mid-Atlantic residential HVAC, plumbing and electrical services platform headquartered in King of Prussia, Pennsylvania. Morgan Stanley Capital Partners will partner with Sila's management to continue organic growth and pursue further add-on acquisitions across the region.

Service Champions Acquires Sierra Air in Reno, NV

March 31, 2021

HVAC & Mechanical

Service Champions Plumbing, Heating & AC, a portfolio company of Odyssey Investment Partners, has acquired Sierra Air, the leading HVAC company in Reno, Nevada. Sierra's founder Ron Ford becomes a shareholder and the businesses will continue to operate under their existing brand names as Service Champions expands its HVAC and plumbing footprint in the Western United States.

The SEER Group Acquires Alpine Heating & Air Conditioning

March 17, 2025

HVAC & Mechanical

The SEER Group has acquired Eugene, Oregon-based Alpine Heating & Air Conditioning, expanding SEER’s Oregon footprint. Alpine will continue to operate locally while gaining access to SEER’s operational resources and support to grow its residential and commercial HVAC services.

The SEER Group Acquires Swan Electric Plumbing Heating & Air

April 30, 2025

HVAC & Mechanical

The SEER Group has acquired Dallas-area Swan Electric Plumbing Heating & Air, marking SEER's 42nd partner brand and its entry into the Texas market. Venture Capricorn served as exclusive sell-side advisor; founders Scott Sarlay and Nicholas Riddell sold the business and will remain aligned with SEER as the company expands its regional footprint.