HVAC & Mechanical Acquisitions in Nevada

Pye-Barker Fire & Safety has acquired Phoenix Fire Protection to expand its sprinkler services and build a Las Vegas team. Phoenix Fire Protection, a local fire sprinkler contractor founded in 2009, will continue serving customers in Clark and Nye counties with its installation, testing, maintenance and BIM/CAD design capabilities.

Thermogenics, a North American boiler lifecycle solutions provider headquartered in Aurora, Ontario, has acquired Pyro Combustion & Controls Inc., a Las Vegas–based boiler service company. The transaction expands Thermogenics' U.S. Southwest footprint and adds local combustion, controls, piping and 24/7 service capabilities to its platform while Pyro will continue to operate under its current name.

Edgewater Growth Capital Partners V, L.P. (The Edgewater Funds) has made an investment in Silver State Refrigeration & HVAC, a Las Vegas-area commercial HVAC, refrigeration and plumbing services provider founded in 2003. The transaction establishes Silver State as a platform for a new buy-and-build initiative in commercial facility services, with Edgewater partnering with management to accelerate growth through add-on acquisitions.

Independent sponsor Ballard & Brown acquired Sunrise Mechanical / Sunrise Service, a Henderson, Nevada-based residential HVAC installer and service provider. Columbia Pacific's Business Finance strategy provided a $21 million senior secured term loan to support the acquisition; Sunrise has operated for 30 years and employs more than 150 people.

Sound Partners and Calico Group have jointly acquired Tradewinds Mechanical, LLC, a Las Vegas–based commercial HVAC‑R services company, and have combined it with acquisitions of S&R Air Conditioning (Los Angeles) and Climate Specialists (Austin) to form The Mechanical Group. The investors plan to grow a Southwest HVAC‑R platform, retain existing operating teams (with Steven Brayet serving as President and Matt Shaw as COO), and continue expanding service offerings; financial terms were not disclosed.

Service Champions Group, a PE-backed national platform for HVAC and plumbing services, has acquired Fetch-A-Tech Plumbing Heating Air, a Las Vegas Valley home services provider serving over 70,000 customers. The deal expands Service Champions' footprint into the Las Vegas metropolitan area and is an add-on to its Odyssey Investment Partners-backed platform; League Park Advisors served as sell-side financial advisor to Fetch-A-Tech.

Cortec Group (via Cortec Fund VII) completed a growth recapitalization of Goettl Home Services on December 10, 2021, partnering with CEO Ken Goodrich and his management team. The deal, in which Baum Capital Partners sold Goettl, will provide capital and support for Goettl’s organic growth and a pipeline of regional HVAC and plumbing add-on acquisitions across the Southwestern United States.

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.

S|E|Capital Partners, a Chicago-based private investment firm, acquired Sierra Air Conditioning, Inc. and Sierra, LLC, closing the transaction on January 2, 2020. Sierra is a dominant residential HVAC installer and service provider in the Las Vegas market; the buyer sees the business as an ideal platform to expand its footprint and offerings.

Baum Capital Partners has partnered with Goettl Air Conditioning CEO Ken Goodrich to complete a recapitalization of Goettl, a leading residential HVAC and plumbing services provider headquartered in Las Vegas. The deal includes an equity co-investment from Tree Line Capital Partners and debt financing from Tree Line and Bridge Bank, with capital intended to accelerate Goettl's U.S. expansion and support organic growth and strategic acquisitions.