Tracked deals
31
31 tracked deals across 2026.
HVAC & Mechanical Acquisitions in 2026
Buyer mix
Mixed buyer set
22 strategic · 16 pe
Top trend
Volume peaked in 2022
158 tracked deals announced in 2022.
Buyer Snapshot
Top Buyers
Illustrative buyers pulled from tracked transactions on this page. This table is capped and intentionally non-exhaustive.
| Buyer | # Deals | Focus | Type |
|---|---|---|---|
| Impact Climate Technologies | 3 | HVAC holding company that acquires and partners with HVAC... | Strategic (PE-backed) |
| Action Air Systems, LLC | 1 | Commercial HVAC provider growing via tuck-in acquisitions... | Strategic |
| AirX Climate Solutions, Inc. | 1 | Independent full-service specialty HVAC solutions provide... | Strategic (PE-backed) |
| Airo Mechanical | 1 | Regional HVAC and plumbing installation contractor servin... | Strategic |
| Ally Services | 1 | Regional residential HVAC and plumbing services platform ... | Strategic (PE-backed) |
| Andrew Nolan | 1 | President of MCS and co-leader of the management buyout a... | Strategic |
| Ardian | 1 | Global private investment firm that manages and advises l... | PE |
| Astra Service Partners | 1 | Nationwide network of premium commercial and industrial m... | Strategic |
| Averon Group | 1 | National HVAC distribution platform partnering with indep... | Strategic (PE-backed) |
| Bauer Investments | 1 | Denver-based family investment office that makes controll... | PE |
Acquisition Volume in HVAC & Mechanical in 2026 by Year
Last 9 years
Actual
Full-year estimate
Supporting Data
Recent Transactions
-
August 11, 2026
- Buyer
- Airo Mechanical, CCMP Growth
- Target
- Legrande's Enterprises
- Industry
- HVAC & Mechanical
- Location
- South Carolina, United States
- Type
- Addon
Airo Mechanical acquired Legrande's Enterprises, a specialty plumbing and HVAC contractor based in Myrtle Beach, South Carolina. The transaction is Airo's first in partnership with CCMP Growth and marks Airo’s first location in the Myrtle Beach metropolitan area while deepening its plumbing expertise.
-
July 23, 2026
- Buyer
- Systemair AB
- Target
- Temspec Incorporated
- Industry
- HVAC & Mechanical
- Location
- Ontario, Canada
- Type
- Buyout
Systemair AB has acquired Temspec Incorporated, a Canadian designer and manufacturer of decentralised HVAC equipment. The acquisition, completed on July 23, 2026, expands Systemair’s North American presence in multi-storey buildings and school ventilation applications.
-
July 21, 2026
- Buyer
- Leap Partners
- Target
- Central Heat & Air
- Industry
- HVAC & Mechanical
- Location
- Tennessee, United States
- Type
- Addon
Leap Partners, a home services operator in the U.S. Southeast, announced the acquisition of Central Heat & Air, a leading HVAC provider in Cleveland, Tennessee. Central Heat & Air will continue operating under its existing brand while its leaders remain in place to guide the next phase of growth.
-
June 10, 2026
- Buyer
- PremiStar
- Target
- Mechanical Service & Systems (MSS)
- Industry
- HVAC & Mechanical
- Location
- Utah, United States
- Type
- Addon
PremiStar announced that Mechanical Service & Systems (MSS), based in Salt Lake City, Utah, has joined PremiStar’s family of companies. The partnership extends PremiStar’s commercial HVAC, plumbing, and building automation capabilities into Utah and strengthens service to sectors including manufacturing, healthcare, education, aerospace, and commercial real estate.
-
May 27, 2026
- Buyer
- Action Air Systems, LLC
- Target
- Air Comfort Systems, Inc.
- Seller
- John Hauser (founder and owner of Air Comfort Systems)
- Industry
- HVAC & Mechanical
- Location
- Connecticut, United States
- Type
- Addon
Action Air Systems, LLC completed a tuck-in acquisition of Air Comfort Systems, Inc., a commercial HVAC provider in Connecticut. The deal expands Action Air’s presence in southern Connecticut and adds preventative maintenance contracts and customer relationships to its platform.
-
- Buyer
- Impact Climate Technologies
- Target
- Delta T Equipment
- Industry
- HVAC & Mechanical
- Location
- Texas, United States
- Type
- Addon
Impact Climate Technologies (ICT) announced the acquisition of Delta T Equipment, a Houston-based HVAC manufacturers’ representative. The deal is intended to strengthen ICT’s presence in Texas and expand its national network of specialized commercial HVAC businesses, with Delta T Equipment continuing under its existing leadership.
-
- Buyer
- Rocket Group
- Target
- TLS Air Conditioning & Insulation of Southwest Florida
- Industry
- HVAC & Mechanical
- Location
- United States
- Type
- Buyout
Rocket Group acquired TLS Air Conditioning & Insulation of Southwest Florida as its 13th acquisition and first entry into Florida, targeting expansion of its national home services network. The deal converts TLS’s established insulation business into a full HVAC division, using TLS’s existing customer base across Southwest Florida to launch air conditioning installation, repair, and maintenance.
-
- Buyer
- Gardiner Service Company
- Target
- IntelliTech Fire and Security
- Seller
- Dan Sammon, Matt Andrews
- Industry
- HVAC & Mechanical
- Location
- Ohio, United States
- Type
- Addon
Gardiner Service Company has acquired IntelliTech Fire and Security, a Medina, Ohio-based provider of fire protection and building safety systems. IntelliTech will operate as a Gardiner company through the remainder of 2026 before fully transitioning into Gardiner Fire and Security, including absorbing the Continental Fire and Security brand.
-
April 22, 2026
- Buyer
- PremiStar, LLC
- Target
- Armistead Mechanical, Inc.
- Industry
- HVAC & Mechanical
- Location
- New Jersey, United States
- Type
- Addon
PremiStar, LLC acquired Armistead Mechanical, Inc., expanding PremiStar’s commercial HVAC, plumbing, and building automation footprint into New Jersey and the Hudson Valley region of New York. PKF Investment Banking served as the exclusive financial advisor to Armistead Mechanical in the transaction.
-
- Buyer
- Founders Home Service Group of Overland Park, Kansas, Kompass Kapital
- Target
- Empire Heating 26 Air Conditioning of Decatur, Georgia
- Industry
- HVAC & Mechanical
- Location
- Georgia, United States
- Type
- Addon
Calder Capital announced the acquisition of Empire Heating 26 Air Conditioning of Decatur, Georgia by Founders Home Service Group of Overland Park, Kansas. Empire Heating 26 Air Conditioning is a residential and light commercial HVAC services provider serving the Decatur and Metro Atlanta markets.
-
April 7, 2026
- Buyer
- Fix-It Group
- Target
- Ballard Natural Gas Service
- Seller
- Neil Kappen
- Industry
- HVAC & Mechanical
- Location
- Washington, United States
- Type
- Addon
Fix-It Group announced the acquisition of Ballard Natural Gas Service, a Seattle-area provider of residential heating and air conditioning maintenance, repairs, and installations. The deal is intended to preserve Ballard’s locally led leadership while Fix-It brings marketing, operational support, and scale to help the business grow.
-
- Buyer
- Astra Service Partners, Orion Group
- Target
- Air Comfort Service Group
- Industry
- HVAC & Mechanical
- Location
- New York, United States
- Type
- Addon
Air Comfort Service Group partnered with Astra Service Partners, a nationwide network of commercial and industrial mechanical service providers backed by the Orion Group. The transaction closed on March 12, 2026, with Air Comfort’s senior leadership remaining in place to support continued growth and customer service.
-
March 25, 2026
- Buyer
- NexCore
- Target
- Mechanical Systems Technology
- Industry
- HVAC & Mechanical
- Type
- Addon
NexCore, a commercial HVAC services platform backed by Trinity Hunt, acquired Mechanical Systems Technology. Hudson Avenue Partners acted as exclusive financial advisor to Trinity Hunt and NexCore and arranged financing to support the acquisition.
-
March 19, 2026
- Buyer
- AirX Climate Solutions, Inc., Gryphon Investors
- Target
- Northern Air Systems, Inc.
- Seller
- Tim Confer
- Industry
- HVAC & Mechanical
- Location
- New York, United States
- Type
- Addon
AirX Climate Solutions, Inc. acquired Northern Air Systems, Inc. to strengthen its mission-critical and specialty HVAC capabilities. Northern Air’s engineering and manufacturing capabilities for complex applications will be integrated into AirX’s HVAC portfolio, with Northern Air founder Tim Confer transitioning to a strategic advisor role and Will Rausch leading operations as general manager.
-
- Buyer
- Oak Hill Capital
- Target
- Guild Garage Group
- Industry
- HVAC & Mechanical
- Location
- United States
- Type
- Buyout
Oak Hill Capital has agreed to buy Guild Garage Group, an alliance of residential garage door repair and replacement businesses, for more than $800 million. Guild launched in 2024 and has already completed close to 30 acquisitions, generating over $300 million in annual revenue and close to $50 million of EBITDA.
-
February 27, 2026
- Buyer
- UrbanBuild, Bauer Investments
- Target
- We Cool LLC
- Industry
- HVAC & Mechanical
- Location
- Texas, United States
- Type
- Addon
Bauer Investments announced that its portfolio company, UrbanBuild, acquired a controlling interest in We Cool LLC, an Austin-based HVAC and plumbing services provider. The deal formally launches UrbanBuild’s integrated Services Division to build a multi-trade, vertically integrated home services operator across West Austin and the Texas Hill Country.
-
February 17, 2026
- Buyer
- LO3 Capital
- Target
- Thermometer BAS Holdings LLC, Arizona-based commercial HVAC business (unnamed)
- Industry
- HVAC & Mechanical
- Location
- United States
- Type
- Recapitalization
LO3 Capital provided a senior debt investment to support the recapitalization of Thermometer BAS Holdings LLC and its acquisition of an Arizona-based commercial HVAC business. Thermometer Holdings is a founder-led provider of HVAC, controls, and energy efficiency services, focused on mission-critical customers across the Southeast and Southwest.
-
February 12, 2026
- Buyer
- Ally Services
- Target
- J Hood Services, Tri-County Aire, Above & Beyond
- Industry
- HVAC & Mechanical
- Location
- Maryland, United States
- Type
- Addon
Ally Services (backed by Watchtower Capital) completed three add-on acquisitions in 2025: J Hood Services (Manassas, VA), Tri-County Aire (Charlotte Hall, MD), and Above & Beyond (Laurel, DE). The deals expand Ally’s residential HVAC platform across Virginia and adjacent markets while preserving each acquired business’s local brand and employee base.
-
February 7, 2026
- Buyer
- Precision Door Tri-State, Monogram Capital Partners
- Target
- Foris Solutions (Foris Solutions, LLC)
- Seller
- Foris Solutions selling shareholders (including founder Steve Freitas)
- Industry
- HVAC & Mechanical
- Location
- Michigan, United States
- Type
- Addon
Precision Door Tri-State, a portfolio company of Monogram Capital Partners, has acquired Foris Solutions, a multi-territory Precision Garage Door Service franchisee. The deal creates one of the largest and most diversified operators within the Precision Garage Door Service system and expands the platform’s geographic footprint across nine states; founder Steve Freitas remains a minority shareholder and will join the combined board.
-
February 4, 2026
- Buyer
- Averon Group, Trinity Hunt Partners
- Target
- Fenco Supply
- Industry
- HVAC & Mechanical
- Location
- Tennessee, United States
- Type
- Addon
Averon Group, a national HVAC distribution platform backed by Trinity Hunt Partners, announced an investment in Fenco Supply, adding the family-owned HVAC distributor to its platform. The move expands Averon Group’s footprint into the Southeast and strengthens its network of independent HVAC distributors serving contractors and facility managers.
-
January 31, 2026
- Buyer
- Impact Climate Technologies, Ardian
- Target
- Larry Wunsch & Associates, Inc.
- Industry
- HVAC & Mechanical
- Location
- Texas, United States
- Type
- Addon
Impact Climate Technologies (ICT), a portfolio HVAC holding company of Ardian, has acquired Larry Wunsch & Associates (LWA), a San Antonio–based commercial HVAC and plumbing equipment representative and distributor. LWA will continue operating under its existing name and leadership while ICT provides strategic, operational, and sales resources to support growth and expand ICT's presence in Texas.
-
January 30, 2026
- Buyer
- Sundream
- Target
- Atlantic Plumbing Services (APS)
- Industry
- HVAC & Mechanical
- Location
- Florida, United States
- Type
- Addon
Sundream, a platform of plumbing and HVAC service businesses, acquired Atlantic Plumbing Services (APS), a St. Augustine–based plumbing company serving residential, commercial, and new construction customers in Florida. APS founder Kyle Jones will remain with the business to support employees, customers, and continuity as the company transitions to Sundream’s platform support.
-
January 26, 2026
- Buyer
- SPS PoolCare, Storr Group
- Target
- Marathon Pool Care
- Seller
- James Mezzenga
- Industry
- HVAC & Mechanical
- Location
- Florida, United States
- Type
- Addon
SPS PoolCare, the U.S. swimming-pool services platform backed by Storr Group, has acquired Marathon Pool Care, a pool maintenance and repair provider serving Lee County (Fort Myers/Cape Coral/Bonita Springs), Florida. The deal is an add-on to SPS PoolCare’s Florida expansion as the company continues to scale its Sun Belt platform.
-
PMC Energy Limited Acquires Metro Commercial Heating & Cooling and Active Heating & Air ConditioningJanuary 20, 2026
- Buyer
- PMC Energy Limited
- Target
- Metro Commercial Heating & Cooling Limited, Active Heating & Air Conditioning Ltd.
- Seller
- Chris Tucker (owner of Metro), Brian Campbell (owner of Active)
- Industry
- HVAC & Mechanical
- Location
- Nova Scotia, Canada
- Type
- Addon
PMC Energy Limited has completed acquisitions of Metro Commercial Heating & Cooling Limited and Active Heating & Air Conditioning Ltd., two Halifax-based commercial HVAC service providers. The deals expand PMC’s commercial HVAC and Building Automation Systems (BAS) footprint in the Halifax Regional Municipality and strengthen its recurring maintenance and service platform.
-
January 15, 2026
- Buyer
- Champions Group Holdings
- Target
- Lex Cooling, Heating, Plumbing & Electrical
- Industry
- HVAC & Mechanical
- Location
- Texas, United States
- Type
- Buyout
Champions Group Holdings, a national provider of residential HVAC, plumbing and electrical services, has acquired Lex Cooling, Heating, Plumbing & Electrical, a North Texas residential service provider. Lex will retain its brand and leadership as Champions Group expands its presence in the Texas market.
-
- Buyer
- Impact Climate Technologies
- Target
- Heat Transfer Systems of Georgia
- Industry
- HVAC & Mechanical
- Location
- Georgia, United States
- Type
- Addon
Impact Climate Technologies (ICT), an Ardian-backed HVAC holding company, has acquired Heat Transfer Systems of Georgia, an Alpharetta, Georgia-based provider of cooling towers, heat exchangers, boilers, water filtration and related HVAC equipment and services. The acquisition expands ICT’s presence in the Southeast and adds specialized thermal expertise to its platform; Heat Transfer Systems of Georgia will continue operating under its existing name and leadership.
-
- Buyer
- Sila Services, LLC
- Target
- NEOH (platform), Simpson Heating & Air, LLC, Bonsky Heating & Cooling, Best Heating & Air Solutions, Ultra Clean Duct Cleaning, Coblentz Plumbing Solutions, Trade Masters Academy
- Seller
- Chad Simpson, Steve VanHorn
- Industry
- HVAC & Mechanical
- Location
- Ohio, United States
- Type
- Addon
Sila Services has acquired NEOH, an Ohio-based home services platform that comprises five operating brands (Simpson Heating & Air; Bonsky Heating & Cooling; Best Heating & Air Solutions; Ultra Clean Duct Cleaning; Coblentz Plumbing Solutions) and Trade Masters Academy. The add-on expands Sila’s Midwest/Ohio footprint and builds out its multi-trade capabilities across HVAC, plumbing and indoor air-quality services; financial terms were not disclosed.
-
- Buyer
- Blackstone, Brad Hobbs and family
- Target
- AIR Control Concepts
- Seller
- Madison Dearborn Partners
- Industry
- HVAC & Mechanical
- Location
- Virginia, United States
- Type
- Recapitalization
Blackstone has acquired Madison Dearborn Partners' remaining equity stake in AIR Control Concepts, making Blackstone the sole institutional investor after an initial investment in July 2024. AIR founder and CEO Brad Hobbs and his family are reinvesting alongside Blackstone as the company pursues continued expansion—including opportunities in data centers and adjacent service areas—across 35 U.S. states and Canada with more than 38 operating companies and roughly 1,900 associates.
-
January 7, 2026
- Buyer
- Broadtree Partners
- Target
- ACME Plumbing Company
- Seller
- Larry Tilley (Tilley family)
- Industry
- HVAC & Mechanical
- Location
- North Carolina, United States
- Type
- Buyout
Broadtree Partners, a Charlotte-based private equity firm, has acquired ACME Plumbing Company, a fourth-generation commercial and residential plumbing services business headquartered in Durham, North Carolina. ACME will serve as Broadtree's platform for its mechanical, electrical, and plumbing (MEP) services strategy while founder Larry Tilley stays on in an advisory capacity.
-
January 7, 2026
- Buyer
- Kelvin Group, Southfield Capital
- Target
- PermaCold Engineering
- Seller
- Steve Jackson, Randy Cieloha
- Industry
- HVAC & Mechanical
- Location
- Oregon, United States
- Type
- Addon
Kelvin Group, a national provider of industrial and commercial mechanical refrigeration services backed by Southfield Capital, has acquired PermaCold Engineering, a Portland-based industrial refrigeration firm. The add-on deal expands Kelvin's geographic footprint into the Pacific Northwest and brings PermaCold's expertise in ammonia and CO2 refrigeration to Kelvin's platform; terms were not disclosed.
-
January 5, 2026
- Buyer
- Craig Torrance, Andrew Nolan, J.P. Morgan Asset Management
- Target
- MCS
- Industry
- HVAC & Mechanical
- Location
- Texas, United States
- Type
- Buyout
MCS, the national property services provider based in Lewisville, Texas, has been sold in a management buyout to current CEO Craig Torrance and President Andrew Nolan with financial backing from J.P. Morgan Asset Management. The relaunched MCS will retain its brand and narrow focus to commercial, residential and government property services across the United States.
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