The Jordan Company (Resolute IV) Acquires Heartland Home Services
December 15, 2020
An affiliate of The Resolute Fund IV (managed by The Jordan Company) acquired Heartland Home Services from North Branch Capital, with Cobepa taking a significant minority stake and North Branch remaining a minority investor. Carlyle's Global Credit platform led and structured the debt financing to support the transaction. The investment will provide Heartland with resources to drive operational efficiencies and pursue organic and inorganic growth across its Midwestern residential HVAC, plumbing, electrical and indoor air quality platform.
- Buyers
- An affiliate of The Resolute Fund IV, L.P. (The Jordan Company), Cobepa, Heartland management team
- Targets
- Heartland Home Services
- Sellers
- North Branch Capital, LLC
- Industry
- HVAC & Mechanical
- Location
- Michigan, United States
- Transaction Type
- Buyout
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