HVAC & Mechanical Acquisitions

New State Capital Partners completed a majority investment in Harrell-Fish Inc. (HFI), a mechanical contracting provider focused on HVAC and plumbing installation, maintenance, and repair services. The investment was made in partnership with HFI’s existing owners, who retained significant ownership and will continue with the company, and alongside Amethyst Capital Group, LLC. Financial terms were not disclosed.

Service Logic acquired HVAC, Incorporated, a commercial HVAC solutions provider founded in 1986 and headquartered in Milwaukie, Oregon. ACT Capital Advisors advised HVAC, Inc. on the transaction. The acquisition expands Service Logic’s network of HVAC/mechanical services and building automation providers across North America.

Seacoast Service Partners (SSP), a White Wolf Capital Group platform, acquired Advanced Cooling and Heating LLC (ACH), a residential HVAC services provider in Palm Beach County and surrounding areas in Florida. The deal marks SSP’s fifth acquisition and supports its expansion strategy across Florida and the broader Southeastern United States.

Truelink Capital Management has closed its acquisition of Air Distribution Technologies from Johnson Controls, with financial terms not disclosed. Following the transaction, Air Distribution Technologies will operate as an independent company under Truelink’s ownership, continuing to be led by Doug Schuster.

Swegon Group AB has acquired HC Groep, a market leader in indoor climate technology, marking Swegon’s re-entry into the Netherlands. The acquisition includes all companies and business labels within HC Groep, strengthening Swegon’s international position in climate technology. Gilde Equity Management is exiting its investment in HC Groep following the transaction.

Trinity Hunt Partners’ commercial HVAC services platform, NexCore, has partnered with Sylvester & Cockrum (S&C), adding the Southeastern US commercial HVAC, plumbing, and electrical services provider to the NexCore network. The transaction builds on NexCore’s platform strategy that began with its initial investment in Alliance Group and aims to expand geographic density and service capabilities in the Southeast.

Kelvin Group, backed by Southfield Capital, has acquired Dahms Refrigeration Services (DRS), an industrial and commercial refrigeration services provider headquartered in Norristown, Pennsylvania. DRS will be integrated into Kelvin’s RD&S business unit, expanding service capabilities in the Mid-Atlantic and marking RD&S’s first acquisition under Kelvin Group.

American Event Services (AES) has acquired Canariis Corp., a privately owned manufacturer of custom UL-listed packaged HVAC, plumbing, and fire-protection systems. Canariis will operate as a wholly owned subsidiary of AES under Canariis president Steven St. John, who retains a significant ownership position in the combined companies.

Investcorp announced the acquisition of Best in Class Technology Services (BCTS), a provider of HVAC, electrical, and plumbing maintenance, repair, and replacement services. BCTS’s management team and existing investor Dunes Point Capital will remain meaningful shareholders alongside Investcorp. BCTS is headquartered in Lenexa, Kansas and operates service branches across multiple US regions.

Del-Air Plumbing, Air Conditioning and Electric announced its first acquisition, partnering with and acquiring Tampa-area HVAC provider Simpson Air. The deal expands Del-Air’s presence in the Tampa/St. Petersburg region and enables Simpson Air customers and builders to access Del-Air’s broader home services offering, including HVAC, ventilation/ductwork, and air purification/filtration.

Ardian acquired a majority stake in Tom Barrow Company, a supplier of design-assist engineering and manufacturers’ representation services to the commercial HVAC industry. Platinum Equity provided an unsecured term loan to Tom Barrow Company to support the transaction.

Modine acquired Napps Technology, a manufacturer of air- and water-cooled chillers, condensing units, and heat pumps serving the K-12 school market and similar applications. The deal expands Modine’s indoor air quality and small-tonnage chiller offerings, and Modine will continue manufacturing in Longview, Texas with Napps Technology’s president Sam Neale joining Modine.

EMCOR Group, Inc. entered into a definitive agreement to acquire ECM Holding Group, Inc. (ECM) in an all-cash transaction; financial terms were not disclosed. Headquartered in Oshkosh, Wisconsin, ECM provides national energy efficiency retrofit services spanning HVAC, lighting, water, weatherization, and airflow management solutions, and the deal is expected to close in Q3 2023 subject to customary conditions.

Right Time Group of Companies acquired Shines Energy Incorporated, a Dartmouth, Nova Scotia-based residential HVAC provider, to expand its footprint into Atlantic Canada. Shines’ management and employees will join Right Time and continue operating in the Halifax Regional Municipality area; financial terms were not disclosed. Right Time is majority-owned by private equity firm Gryphon Investors.

HTS Eng. Ltd. entered into an agreement with the owners of Arlington, Texas-based Oslin Nation to acquire the hydronics and plumbing manufacturers’ representative. The deal expands HTS Texas’ HVAC and building automation controls offerings by adding hydronic product lines and strengthening its footprint in the Texas commercial and industrial building market. Financial terms were not disclosed.

Sound Partners and Calico Group announced their joint acquisition of Tradewinds Mechanical, LLC, a commercial HVAC-R services provider based in Las Vegas, Nevada. Founded in 2009, Tradewinds will continue operating under its current team, with Steven Brayet serving as President. Financial terms of the transaction were not disclosed.

Service Champions announced the acquisition of Seatown Electric, Plumbing, Heating and Air, a family-owned residential home services provider serving Seattle and the Greater Puget Sound area. The deal expands Service Champions’ footprint into the Pacific Northwest and continues its national growth strategy. Service Champions is a portfolio company of Odyssey Investment Partners.

Rexel Group has agreed to acquire Wasco, a Dutch wholesaler serving the installation sector with a focus on HVAC, heating, plumbing, ventilation, air conditioning, and spare parts. Wasco has been owned by Gilde Equity Management and management since 2019, and the transaction is subject to customary conditions including works council consultation and European competition authority approval.

Northwinds Services Group announced it has acquired Rebmann Plumbing Heating & Air Conditioning, a long-standing plumbing and HVAC services provider serving the Long Island, New York market. Rebmann President Scott Ambrosio cited Northwinds' commitment to supporting growth while maintaining employees and preserving the local brand and values.

Gridiron Capital portfolio company Legacy Service Partners has completed investments in two residential services companies: John Henry's Plumbing, Heating & Air and Buehler Air Conditioning. The transactions expand Legacy’s footprint into the Lincoln, Nebraska market and add scale in the Jacksonville, Florida market, supporting Legacy’s add-on acquisition and integration strategy in home services.

Investcorp announced a majority investment in Shearer Supply, an independent distributor of residential and commercial HVAC equipment, parts, and supplies serving the southern United States. Shearer’s management team, the Shearer family, and PNC Riverarch Capital will remain shareholders alongside Investcorp; financial terms were not disclosed.

Sound Partners LLC, a lower-middle market private equity fund, acquired Marathon HVAC Service, a residential HVAC services provider headquartered in Los Angeles, California. The acquisition launches a residential HVAC platform for Sound Partners in the high-growth Southern California market, with plans to expand through organic growth and additional acquisitions. Financial terms were not disclosed.

Southeast Mechanical (SEM) announced the acquisition of Carolina Comfort Heating & Air Conditioning, an HVAC services provider based in Wilkesboro, North Carolina. The deal expands SEM’s footprint in western North Carolina and strengthens its position in the state’s HVAC services market. SEM is backed by private equity firm Palladin Consumer Retail Partners, which partnered with SEM in 2022.

Huron Capital announced that its portfolio company Exigent Holdco LLC has acquired JPG Plumbing & Mechanical Services Inc. and ThermaServe Inc. The acquisitions expand Exigent’s HVAC, plumbing, and mechanical service capabilities and broaden its geographic footprint across the Washington, D.C./Maryland/Virginia region and the Southeast, including Florida and Georgia.

Reece Group, a distributor of plumbing, waterworks and HVACR products, acquired Barsco Inc., a Dallas-based distributor of refrigeration and HVAC equipment, parts and supplies with 12 locations across Texas. Financial terms were not disclosed. Founders Advisors advised Barsco on the sale.

Flow Service Partners, a portfolio company of RLJ Equity Partners and LP First Capital, acquired Nunning Heating, Air Conditioning and Refrigeration, a commercial HVACR services provider based in Evansville, Indiana. The deal expands Flow’s HVACR and plumbing services footprint in Indiana and supports its strategy of building scale across the Midwest, Southeast, and Mid-Atlantic regions. Financial terms were not disclosed.

Right Time Group of Companies acquired Waterloo-based Dunn Heating ClimateCare, which will operate as Dunn Heating and Air Conditioning. The business provides residential heating, cooling, air quality, and hot water services across the Tri-Cities area of Southern Ontario. Former owner Rick Dunn and the existing management team and employees will join Right Time; financial terms were not disclosed.

Edgewater Growth Capital Partners IV-backed P1 Service Group has acquired Essig Plumbing & Heating, a residential HVAC and plumbing services provider based in Reading, Pennsylvania. The acquisition expands P1’s reach into the Mid-Atlantic region, and Essig’s leader Steve Essig will continue to run day-to-day operations while becoming a shareholder in the combined organization.

Emerson agreed to sell a majority stake in its Climate Technologies business to private equity funds managed by Blackstone in a transaction valuing the business at $14.0 billion. The deal will create a standalone joint venture in which Emerson will retain a 45% non-controlling equity interest, with ADIA (via a subsidiary) and GIC investing alongside Blackstone.

Royal House Partners (RHP) added Dave's Heating & Air Conditioning, an HVAC services provider based in Taylor, Texas, to its growing home services portfolio. The deal supports RHP’s roll-up strategy to expand its residential and light commercial HVAC footprint across Central Texas and broader multi-state operations backed by CPS Capital and 1801 Holdings.

Gryphon Investors-backed Heritage Distribution Holdings (HDH) acquired Coastal Supply Company Inc., an HVAC/R equipment, parts, and supplies distributor serving the East Tennessee market. Coastal, headquartered in Knoxville, Tennessee, will continue to be led by General Manager David Kennedy and will operate under HDH’s Ed's Supply division as HDH expands its HVAC/R distribution platform through acquisitions.

Tech24, backed by HCI Equity Partners, acquired TEK Express on October 7, 2022 in its fourteenth add-on acquisition since HCI’s initial investment in 2020. TEK Express, based in Lynbrook, New York, provides repair, preventative maintenance, and installation services for commercial cooking and refrigeration equipment in the New York City market. The deal expands Tech24’s service density and scale in the country’s largest metropolitan area; financial terms were not disclosed.

Tech24, backed by HCI Equity Partners, acquired 1st Source Restaurant Services on September 29, 2022; financial terms were not disclosed. Based in Lewisville, Texas, 1st Source provides repair, preventative maintenance, and installation services for foodservice, refrigeration, HVAC, and plumbing equipment. The deal represents Tech24’s thirteenth add-on acquisition and expands its service coverage in Texas, particularly the Dallas–Fort Worth market.

Granite Comfort, a residential HVAC and plumbing platform company backed by Tiger Infrastructure Partners, has acquired Yost & Campbell Heating, Cooling & Generators. The deal expands Granite Comfort’s presence into New York, adding an 83-year-old residential heating, cooling, and generator services provider serving Westchester and Bronx County. Tom and Kevin Monahan will continue with the business following the transaction.

Thermal Concepts, a portfolio company of Trivest Partners and Halmos Capital Partners, acquired Irvine Mechanical, Inc. Irvine Mechanical is an Orlando, Florida-based provider of commercial and industrial HVAC maintenance and installation services across Florida, and the deal represents Thermal Concepts' first add-on acquisition under its current ownership.

PremiStar acquired Mechanical Service, Inc. (MSI), a commercial HVAC contractor based in Iowa City, Iowa. The acquisition expands PremiStar’s service offerings and footprint in Iowa across commercial, industrial, health care, education, retail, municipal, government, and senior living end markets. MSI President Randy Staab will continue to lead the business under PremiStar’s ownership.

Flow Service Partners, a portfolio company of RLJ Equity Partners and LP First Capital, acquired R Brooks Mechanical Heating and Air Conditioning. The deal expands Flow’s HVAC service footprint into the Mid-Atlantic, including Maryland, Pennsylvania, and Delaware; financial terms were not disclosed.

Tech24, backed by HCI Equity Partners, acquired TEMCO, Inc. on July 20, 2022, marking Tech24’s ninth add-on acquisition. TEMCO provides repair and maintenance services for commercial kitchen and HVAC equipment, and the deal expands Tech24’s presence into the Southeastern United States. Financial terms were not disclosed.

Pueblo acquired Climate Solutions and Evolution Mechanical to expand its footprint and service offerings in Texas. Climate Solutions is an HVAC provider serving the Austin area since 2001, while Dallas-based Evolution Mechanical brings extensive HVAC and plumbing experience.

Southern HVAC Corporation announced the acquisition of Allen's Air Conditioning & Heating. The deal expands Southern HVAC's presence into Kentucky, where Allen's has provided residential home comfort (HVAC) services for over sixty years in the greater Elizabethtown area and surrounding markets.

Munch's Supply (the HVAC division of Marcone) acquired Wholesale Sheet Metal (WSM) and Pile Protection Tops (PPT) to expand its sheet metal offerings in the Kansas City market. The deal adds capabilities in custom sheet metal and supplies, supporting Munch's/O'Connor Company operations and expanding Munch's overall footprint across its distribution network.

Huron Capital Partners’ portfolio company Pueblo Mechanical & Controls acquired Travers Mechanical Services to expand its HVAC and plumbing services footprint into New Mexico. Travers, headquartered in Albuquerque, will continue operating under its existing leadership, with Mike Travers Jr. and Mike Youngman remaining in their roles.

Smart Care, a portfolio company of Wind Point Partners, acquired Dutton Food Equipment Repair, Inc., a family-owned commercial kitchen equipment repair and maintenance provider. The acquisition strengthens Smart Care’s presence in the Mid-Atlantic region and adds Dutton into Smart Care’s Equipment Solutions segment to support continued growth in commercial kitchen equipment and HVAC-related services.

Reedy Industries acquired Vorpagel Service, Inc., a commercial HVAC contractor based in Burlington, Wisconsin. The deal expands Reedy Industries’ mechanical service offerings and increases service density in Wisconsin, complementing services provided by its existing Wisconsin operations.

Air Pros USA, a Fort Lauderdale-based HVAC company, announced the acquisition of Personalized Air Conditioning, a South Florida HVAC, generator, and home services provider. The deal expands Air Pros USA’s service offerings to include additional electrical services such as lighting, pool heating, and generator installation and repair, while integrating Personalized Air into the Air Pros USA platform.

HomeServe USA Corp. announced it has acquired Taylor Heating, Inc., a residential HVAC and plumbing service provider based in Rochester, New York. Following the transaction, co-owner Tony DiCiacce will step back from his role as President to become Senior Advisor, while co-owner Aurel Cournoyer will remain Service Manager.

Ridgemont Equity Partners announced a partnership with Crete Mechanical Group (CMG), providing significant growth capital to support CMG’s continued expansion of a network of mechanical services providers across North America. CMG provides HVAC, electrical, plumbing, and building automation services across commercial, industrial, multi-family, government, healthcare, and education end markets. Financing for the transaction was led by Ares Management Corporation and Churchill Asset Management; transaction terms were not disclosed.

Altamont Capital Partners announced it has acquired Service Minds, a residential electrical, plumbing, and HVAC services provider headquartered in Sarasota, Florida. In connection with Altamont’s investment, Service Minds also acquired multiple franchisees operating under the One Hour Heating & AC and Benjamin Franklin Plumbing brands, expanding its footprint across the Southeastern United States. Terms were not disclosed, and founder David Connolly will remain a shareholder and serve as Executive Chairman.

Sila Services, LLC acquired TriState Home Services, LLC, a home services company based in Frederick, Maryland. The acquisition expands Sila’s home comfort offerings and strengthens its customer operations in Maryland and the broader Greater Washington, DC metro area, adding TriState’s HVAC, plumbing, and electrical capabilities.

Air Conditioning Specialist, Inc. (ACS), a portfolio company of Hidden Harbor Capital Partners, announced a partnership/investment in Charcool Heating & Cooling, Inc., an HVAC installation and service provider. The transaction expands ACS’s footprint in its core Georgia geographies and is intended to grow service capabilities for residential and light commercial customers.

Gryphon Investors acquired Ed's Supply Company, Inc., a wholesale distributor of HVAC/R equipment, parts, and supplies with 19 locations across several Southeastern and nearby states. The business will be operated as an independent division within Gryphon’s Heritage Distribution Holdings (formerly Wittichen Supply Holding Company), expanding the platform’s multi-region HVAC/R distribution footprint. Financial terms were not disclosed.

Heartland Home Services acquired Custom Mechanical, a family-owned provider of residential HVAC (and plumbing) services in the Delaware market. The acquisition marks Heartland’s first entry on the East Coast and adds Custom to its portfolio of home services brands; transaction terms were not disclosed.

Heartland Home Services acquired GreenBox Heating & Air, a provider of residential HVAC services in the Lexington, Kentucky area. The acquisition expands Heartland’s presence in Kentucky and gives GreenBox access to Heartland’s technology-enabled business management tools and resources. Transaction terms were not disclosed.

Sila Services, LLC acquired AQM Inc. to expand its home services footprint across the Greater Philadelphia region. AQM, based in Exton, Pennsylvania, provides HVAC services along with electrical and plumbing solutions across Chester, Delaware, and Montgomery Counties.

Heartland Home Services acquired Deljo Heating and Cooling, a long-standing residential HVAC services provider in the Chicagoland area. The deal strengthens Heartland’s presence in Illinois, particularly Chicago’s North Shore market, and provides Deljo access to Heartland’s technology and resources. Financial terms were not disclosed.

NorthCurrent Partners acquired Certified Climate Control (CCC), an HVAC services provider serving Central Florida. Founded by David Hill, CCC will receive additional investment from NorthCurrent to support continued growth while maintaining the company’s culture and brand in the Orlando area.

NearU Services announced the acquisition of Ideal Services Heating & Cooling, a home services provider based in Holly Springs, North Carolina. The deal expands and strengthens NearU’s presence in the Raleigh-Durham market while allowing Ideal Services to continue operating under its existing local brand and management team.

McNally Capital announced and completed a platform investment in The Smith & Oby Company, a Midwest-based HVAC and plumbing mechanical contracting and services provider. The investment was made from McNally Capital Fund II to support Smith & Oby’s continued growth, diversification of revenue streams, and expansion into new markets.

Right Time Group of Companies acquired The Comfort Group, a residential HVAC and indoor air quality services provider based in Parksville, British Columbia. The deal supports Right Time’s western Canada expansion and brings The Comfort Group’s management and employees into the Right Time network. Transaction terms were not disclosed; Right Time is majority-owned by Gryphon Investors.

Friendly Group, a home services company, acquired Day & Night Air Conditioning, Heating & Plumbing, an HVAC and plumbing services provider in the greater Phoenix area. Day & Night will continue operating under its existing brand, led by owner Jeff Martin and General Manager Mike Littau in partnership with Friendly Group.

Huron Capital-backed Pueblo Mechanical & Controls acquired Rocky Mountain Mechanical (RMM), expanding Pueblo’s HVAC, plumbing, and controls contracting footprint into Utah and the broader Rocky Mountain region. RMM, headquartered in South Salt Lake, Utah, will operate as a division led by former owner Chad Heward, who will continue as President of the Rocky Mountain division.

Fix-It 24/7, a portfolio company of New Harbor Capital, has completed the acquisition of On Time Experts (OTE). The deal expands Fix-It 24/7 into the Dallas–Fort Worth market and supports its multi-branch operating strategy in residential HVAC and plumbing services.

Tech24, backed by HCI Equity Partners, acquired Commercial Kitchens, Inc. on November 3, 2021. Commercial Kitchens is a founder-owned provider of repair and preventative maintenance for commercial kitchen equipment serving institutional customers across the Tri-state area. The deal is Tech24’s sixth add-on acquisition as part of HCI’s consolidation strategy in the foodservice repair market; financial terms were not disclosed.

H.I.G. Capital announced the sale of its portfolio company Hart & Cooley to DuraVent, a manufacturer of venting products. Hart & Cooley, an HVAC and air distribution products manufacturer headquartered in Grand Rapids, Michigan, will combine with DuraVent to create a larger North American air distribution player; financial terms were not disclosed.

Bluon, Inc. has acquired XREF Publishing Company, a provider of replacement-part and cross-reference information used by HVAC distributors in the United States. The deal adds XREF’s brand-agnostic cross-reference database and distributor customer base to Bluon’s technician support platform, aiming to improve and accelerate transactions between local HVAC technicians and their local suppliers.

Huron Capital Partners’ portfolio company Pueblo Mechanical & Controls acquired Central Air & Heating Service Inc. (CAHS) to expand Pueblo’s presence into South Texas. Harlingen, Texas-based CAHS provides installation, repair, and replacement services for air conditioning and heating systems across the Rio Grande Valley. CAHS owner Frank Matz will remain with the business and continue to oversee CAHS following the transaction.

Strikepoint Group Holdings (SGH), formerly Horizon Group Holdings, announced the acquisition of Solvit Home Services, a residential HVAC, plumbing, and electrical services provider. Solvit is based in Plainville, Connecticut, and the deal represents SGH’s seventh acquisition in 2021. Uplift Partners acted as exclusive financial advisor to Solvit on the transaction.

Service Champions Group acquired SWAN Heating & Air Conditioning, Inc., a Colorado-based provider of HVAC and plumbing services serving single-family homeowners in the Loveland and Denver areas. The deal expands Service Champions’ footprint into Colorado and adds SWAN to its coordinated network of home services brands. Service Champions Group is a portfolio company of Odyssey Investment Partners.

NearU Services, a home services platform focused on HVAC, plumbing, and electrical work, acquired Grogg's Home Services. The acquisition expands NearU's footprint and customer service capabilities into West Virginia and eastern Ohio, with Grogg's continuing to operate under its local brand and management team.

Reedy Industries acquired Capstone Mechanical, a mechanical services provider based in Waco, Texas. The deal expands Reedy Industries’ HVAC, plumbing, and building controls platform footprint and service density in Texas, adding Capstone’s capabilities in MEP engineering, mechanical installation, sheet metal fabrication, maintenance, and building automation.

Dubin Clark portfolio company Affordable Water Heaters and Plumbing, Inc. (AWHAP) acquired Temperature Control, Inc., an HVAC installation and replacement services provider. The deal expands AWHAP’s home services offering into HVAC and indoor air quality services across the Los Angeles area; financial terms were not disclosed.

Right Time Group of Companies acquired Comfort Masters LTD., a residential HVAC, air quality, and hot water services provider serving multiple regions in Ontario. Comfort Masters’ management and employees will join Right Time as the company continues its expansion across Ontario. Transaction terms were not disclosed.

CoolSys announced the acquisition of Thermal Resource Sales and Supermarket Environment Services Company (TRS-SESCO), a commercial and industrial HVAC and energy solutions provider headquartered in Kernersville, North Carolina. The deal expands CoolSys’ presence in the U.S. Southeast and strengthens its custom-engineered, sustainable HVAC capabilities for mission-critical applications across industries including healthcare, education, data centers, and government.

Reedy Industries acquired Standard Plumbing & Heating / Sheet Metal Crafters (SPH/SMC), a mechanical services contractor based in Canton, Ohio. The deal expands Reedy Industries’ HVAC, plumbing, and building controls footprint and service density across the Ohio region, with SPH/SMC leadership continuing post-transaction.

Goettl Home Services acquired Dayton A/C & Heating LLC (dba Dayton Services) and Dynamic Air Services, Inc. to expand its HVAC and plumbing footprint. The Dayton acquisition extends Goettl’s reach across the Austin–San Antonio metroplex in Texas, while Dynamic adds a third California branch and broadens coverage in Southern California and Orange County. Goettl is a portfolio company of Baum Capital Partners.

Munch's Supply, a Midwest-based HVAC distributor backed by Ridgemont Equity Partners, acquired New Hampshire-based API of NH and Delta T and its eight branches. The deal expands Munch's Supply’s footprint into the Northeast, increasing its network to 42 locations across 16 states. API of NH and Delta T’s leadership team will continue to run the business as part of Munch's family of brands.

Tech24, backed by HCI Equity Partners, acquired United Service Technologies on April 13, 2021; financial terms were not disclosed. Headquartered outside Anaheim, California, United provides repair, maintenance, and installation services for commercial food equipment, primarily serving the grocery market. The deal represents Tech24’s geographic expansion and is the fourth add-on acquisition in HCI’s consolidation strategy.

Climate Pros, LLC, a portfolio company of Saw Mill Capital, acquired Truetemp Northwest, Inc. Truetemp is a provider of commercial refrigeration and HVAC services in the Pacific Northwest, and the deal expands Climate Pros’ geographic footprint into Washington state and broadens its service reach.

Wind Point Partners acquired Zone Mechanical, a Chicago-based provider of commercial refrigeration and HVAC mechanical services across the Midwest. The acquisition will serve as the foundation for a new platform, Zone Climate Services, focused on buying and growing providers of mission-critical commercial refrigeration and HVAC installation, maintenance, and repair. Zone Mechanical’s co-founders and management are reinvesting alongside Wind Point and will remain involved in day-to-day operations.

Reedy Industries acquired Pro-Tek Mechanical, Inc., a Lake Zurich, Illinois-based mechanical contractor specializing in installation, maintenance, and service for pharmaceutical and lab customers. Pro-Tek will operate within Reedy’s General Mechanical Division, expanding Reedy’s market density and mechanical service offerings in the Chicago metropolitan area. Pro-Tek’s owner, Jerry Szydlowski, will continue serving customers as part of the combined organization.

DiversiTech Corp. announced it has acquired Packard, a supplier of electrical aftermarket and OEM components for the HVAC/R industry. The acquisition expands DiversiTech’s HVAC/R electrical product portfolio and supports its growth strategy of providing broader parts and supply-chain solutions to distributors and wholesalers.

Tech24, backed by HCI Equity Partners, acquired Alliance Mechanical Services, Inc. on March 1, 2021 for undisclosed terms. Alliance, based in Chicago, provides installation, service, and maintenance for commercial HVAC and foodservice equipment, expanding Tech24’s Chicago presence and cold-side service offerings. The deal represents Tech24’s third add-on acquisition under HCI’s consolidation strategy since purchasing Tech24 in June 2020.

Horizon Group Holdings (HGH) acquired Eanes Heating & Air Conditioning, an HVAC repair, maintenance, and installation provider serving the Piedmont Triad area. The deal expands HGH’s home services portfolio into North Carolina and represents its third acquisition in the past 12 months.

Flint Group, a network of residential home service businesses across the United States, announced it has acquired Cranney Home Services. Cranney Home Services, based in Danvers, Massachusetts, provides plumbing, heating, cooling, sewer, and electrical services and will join Flint Group’s portfolio of home services companies.

Odyssey Investment Partners has acquired Service Champions, a leading residential HVAC and plumbing services company. Service Champions is headquartered in Orange County, California and operates multiple local trade brands across the U.S. West Coast. Financial terms were not disclosed, and founder/CEO Leland Smith will continue to lead the business while retaining significant ownership alongside other executives.

An affiliate of The Jordan Company’s Resolute Fund IV acquired Heartland Home Services from North Branch Capital. The transaction was completed in partnership with Heartland’s management team, with Cobepa making a significant minority investment while North Branch retained a minority stake. Heartland is a technology-enabled provider of residential HVAC, plumbing, electrical, and indoor air quality services headquartered in Macomb, Michigan.

Private equity funds managed by Blackstone Energy Partners entered into a definitive agreement to acquire Therma Holdings LLC from Gemspring Capital. As part of the transaction, Blackstone Energy Partners is also acquiring RE Tech Advisors, Inc., which will be integrated into Therma to expand energy efficiency, sustainability, and energy management service offerings across the US.

CenterOak Partners-backed Service Champions acquired ASI Hastings Inc., a leading provider of residential HVAC and plumbing services in San Diego, California. The deal represents Service Champions’ sixth acquisition since CenterOak’s majority investment in May 2019, and ASI co-owners Phil and Ken Justo will continue in leadership roles and become shareholders of the combined company.

Gilde Equity Management (GEM), together with HC Groep’s management team, acquired HC Groep from Airvance Group. HC Groep provides indoor climate technology solutions including climate ceilings, air handling systems, climate controls, and carpark ventilation across the Netherlands, Germany, and the United Kingdom.

Veregy, a portfolio company of Bow River Capital, acquired Texas-based Four Star Fabricators and Service Company, LLC and Four Star Mechanical, LLC (together, “Four Star”). The deal represents Veregy’s seventh and eighth acquisitions under its unified platform and expands its mechanical, HVAC, plumbing, and energy-efficiency service capabilities across Texas.

Astar Heating & Air, LLC, a portfolio company of Dubin Clark, acquired the residential HVAC, plumbing, and related assets of Petcosky & Sons Plumbing, Heating & A/C, Inc. The deal carves out Petcosky’s residential business serving the Broome County/Binghamton area, while Petcosky’s commercial HVAC, plumbing, and fire services operations will remain with the Petcosky family.

Climate Pros, LLC, a portfolio company of Saw Mill Capital, acquired Norfoxx Refrigeration, Inc. and Tri-Temp Refrigeration, Inc. The acquisitions expand Climate Pros’ refrigeration and HVAC services footprint across multiple regions in Texas, strengthening support for its cold-chain customer base.

Investcorp agreed to sell The Wrench Group, a U.S. provider of home maintenance and repair services, to private equity firm Leonard Green & Partners (LGP). Terms of the transaction were not disclosed. Investcorp formed Wrench in 2016 in partnership with management and expanded it into an integrated national home services platform prior to the sale.

Therma Holdings LLC, a portfolio company of Gemspring Capital, acquired Yearout Mechanical, a design-build provider of mechanical, fabrication, and maintenance services based in Albuquerque, New Mexico. The deal expands Therma’s geographic footprint beyond the Bay Area and adds Yearout’s HVAC, plumbing, and piping capabilities for commercial, institutional, and light industrial facilities. Yearout Mechanical will operate as a division of Therma and continue to be led by President Kevin Yearout.