HVAC & Mechanical Acquisitions in Texas

Green Heron Partners, a Houston-based lower middle market private equity firm, announced a strategic growth investment in Regency Plumbing Contractors, a commercial plumbing contractor serving the Greater Houston area. Regency's executive leadership will remain in place with a significant ownership stake; the capital and operational support will be used to build a broader facility services platform and support geographic and capability expansion.

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.

United Building Solutions, a PE-backed national commercial HVAC platform, has acquired DFW Mechanical Group, a full-service commercial and industrial mechanical contractor based in Wylie, Texas. The add-on expands UBS's footprint across the Southeast and South-Central United States and broadens its HVAC, plumbing, heating, and piping capabilities; financial terms were not disclosed.

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.

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.

Franchise Equity Partners (FEP), together with Reliable Residential, has acquired ACG Smith Texas, LLC — the Precision Garage Door Service locations serving Dallas–Fort Worth and Palo Pinto. The deal expands Reliable Residential's Precision Garage Door footprint into the Texas market as an add-on to its multi-brand residential services platform backed by FEP.

Pye-Barker Fire & Safety, a national fire protection and life safety services provider, has acquired Houston-based FSD Protection, a fire alarm, sprinkler, suppression and extinguisher servicer. The deal expands Pye-Barker’s footprint across major Texas markets (Dallas, Houston, San Antonio, Austin) and augments its inspection, testing and maintenance capabilities for healthcare, multifamily and educational customers.

Southern Home Services has acquired Nick's Plumbing & Air Conditioning, a Houston-based provider of plumbing, heating and air conditioning services. The deal expands Southern Home Services' Texas footprint (its fourth Texas location) and will keep Nick's brand and local operations intact while integrating the business into Southern's residential trade services network.

Carroll Capital, a family investment office led by Brian F. Carroll, has acquired Charlie's Plumbing, a 24/7 commercial plumbing services provider based in Houston, Texas. Carroll Capital is partnering with Charlie's founding family and current management, who will remain shareholders, to grow the business into a platform for expansion across Texas and to add complementary commercial services; BMO provided debt financing for the transaction.

Paschal Air, Plumbing & Electric has acquired JAK Services LLC, a Keller, Texas-based HVAC provider founded by David and Piper Horton. The deal expands Paschal's footprint in the Dallas–Fort Worth metro, bringing JAK's team and customers into Paschal's broader HVAC, plumbing and electrical service network.

Kimbel Mechanical Systems, a Good Springs Capital portfolio company, has acquired Gibson Plumbing Company, a San Antonio-based residential plumbing contractor. The acquisition expands Kimbel's footprint into San Antonio, Dallas, Houston, and Austin, supporting the platform's geographic growth across Texas.

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.

SubSplit Services Group, LP, a permanent capital partnership, has acquired Dallas-based mechanical contracting firm Stratus Systems, LLC. The transaction provides liquidity and succession planning for Stratus’s leadership while positioning the company for growth in high‑purity mechanical piping and commercial/industrial MEP services.

Platinum Equity has made a strategic investment in Global, the Source, a master distributor of HVAC/R components, and its AmRad Manufacturing subsidiary, joining the company with Motors & Armatures (MARS) to form an integrated HVAC/R platform. As part of the transaction, Philip Windham was named CEO of the combined platform while Global owner Dickie Sirotiak and his family remain shareholders; financial terms were not disclosed.

Easy Ice has acquired the ice machine leasing division of Armadillo Service Company in Amarillo, Texas. The deal expands Easy Ice’s managed-ice footprint in the Texas Panhandle, bridging its Oklahoma and New Mexico operations while Armadillo continues providing HVAC and repair services independent of the leased-equipment business.

ResiXperts, a residential services platform backed by FoW Partners, has acquired Hart HVAC and Electric, a heating, air conditioning, and electrical service provider serving the Fort Worth/Weatherford, Texas area. The acquisition marks ResiXperts' entry into the Texas market and will provide Hart with marketing, operations and employee development support while the business continues serving local customers.

Upchurch Services, LLC, a Broadwing Capital-backed platform, has acquired Weldon Services, a Dallas/Fort Worth-area mechanical, electrical and plumbing (MEP) contractor. The add-on deal, closed September 12, 2024 and announced by Kratos Capital, gives Upchurch an immediate foothold in the Dallas/Fort Worth MSA and expands its MEP service capabilities.

Mako Industries has acquired The Spears Group Inc. (dba Spears Refrigeration), expanding its commercial HVAC and refrigeration service footprint into Arlington and the North Texas market. The deal strengthens Mako's commercial services division and provides greater visibility into healthcare and entertainment end markets.

PremiStar, a commercial and industrial HVAC, plumbing, and building automation platform, has acquired SI Mechanical, LLC, a full-service HVAC and plumbing contractor based in Creedmoor (Austin), Texas. The deal expands PremiStar's footprint in central Texas and brings SI Mechanical's local leadership and customer base (education, healthcare, commercial/industrial, and datacenters) into the PremiStar platform.

The Master Trades Group (MTG) has completed the acquisition of Stan's Home Services Holdings, Inc., which includes Stan's Heating, Air, Plumbing & Electrical and Wagner Mechanical, from Treaty Oak Equity. The deal expands MTG's residential HVAC, plumbing and electrical footprint into the Austin, Texas and Albuquerque, New Mexico markets and adds capabilities and local brands to MTG's growing platform of home-service businesses.

Charlotte-based Crete United has acquired ProStar Energy Solutions, a Frisco, Texas energy-efficiency and building-automation firm. The deal adds ProStar’s IoT- and AI-powered controls, HVAC optimization and energy-management-as-a-service capabilities to Crete United’s nationwide MEP platform as the company scales toward its near-term revenue goals.

Kelvin Group, backed by Southfield Capital, has completed the acquisition of RC&E, Inc., an industrial refrigeration services provider headquartered in Fort Worth, Texas. The add-on expands Kelvin Group's national footprint (its tenth acquisition since partnering with Southfield) and strengthens its capabilities in mission-critical refrigeration, maintenance, engineering, and process safety for food & beverage, cold storage, and related industries.

Milton Street Capital completed a majority recapitalization investment in PurgeRite, LLC, a provider of mechanical flushing and filtration services for water-based HVAC and geothermal systems. GulfStar Group served as exclusive financial advisor; the investment will fund geographic expansion, increased capacity, and investments in people, equipment, and technology to support growth across mission-critical end markets such as data centers, semiconductor fabrication, education, and healthcare.

Palmetto Air & Water Balance has merged the operations of Air Balancing Company, Inc. (ABC) into its platform, creating Palmetto Air & Water Balance – Texas to serve Abilene, Fort Worth and Lubbock. The add-on was executed while Palmetto is a Sunny River Management portfolio company, with financing provided by Deerpath Capital Management; terms were not disclosed.

Stellex-backed P3 Services has acquired Anchor Plumbing, a San Antonio–based plumbing services company. The deal is an add-on to P3's platform strategy to expand geographic coverage across high-growth MSAs, with Anchor’s existing leadership (President Paul Arguijo) remaining in place.

Smart Care, a Wind Point Partners–backed commercial mechanical services platform, has acquired Richard Meek Air Conditioning, a Wichita Falls, Texas provider of commercial refrigeration and HVAC repair, installation and maintenance. The acquisition expands Smart Care’s Climate Solutions footprint in Texas (its fourth in-state deal) and adds refrigeration and HVAC capabilities for grocers, convenience stores and restaurants.

Arco Distributing & Heating & Cooling, a Greenleaf Capital Partners portfolio company, has acquired Mr. Chill Heating and Air Inc., a Tomball, Texas HVAC services provider. The add-on expands Arco's footprint in the manufactured housing and residential HVAC markets in the greater Houston area; terms were not disclosed.

Investcorp announced a majority investment in Shearer Supply, a leading independent HVAC equipment distributor headquartered in Dallas, Texas. Shearer—founded in 1983 and operating 22 branches across the Southern U.S. serving over 5,500 contractor customers—will continue to have the Shearer family, management team and PNC Riverarch Capital as shareholders; financial terms were not disclosed. Investcorp intends to support organic growth and further geographic expansion.

Victoria, Australia-based Reece Group has acquired Barsco Inc., a Dallas-headquartered distributor of refrigeration and HVAC equipment with 12 locations across Texas. Financial terms were not disclosed; Founders Advisors advised Barsco on the sale and Barsco's leadership (including President David Jones) will transition under Reece's U.S. operations as part of Reece's expansion in the Sun Belt.

Strikepoint Group Holdings (SGH), a U.S. home‑services platform based in Newark, Delaware, has acquired Weeks Service Company, a League City, Texas provider of HVAC, plumbing, electrical, indoor air quality and generator services. The deal expands SGH's footprint into the Greater Houston market and is the latest add-on in the company's acquisitive growth strategy.

Palmetto Air & Water Balance, a Sunny River Management portfolio company, has acquired and merged the operations of N.D. White Engineering Services, LLC into its Abilene/Lubbock operations as Palmetto – Abilene. Founders Nick and Linda White will retire following a transition period; the transaction was financed by Deerpath Capital Management and represents Palmetto's first add-on under Sunny River Management.

Smart Care, a Wind Point Partners–backed platform, has acquired Refrigeration Anytime, a Manor, Texas–based commercial refrigeration and HVAC repair provider. The add-on expands Smart Care’s Climate Solutions presence in Texas, marking the platform’s third Texas acquisition and eighth since partnering with Wind Point.

Service Champions Group, a portfolio company of Odyssey Investment Partners, has acquired Service Wizard Heating & Air Conditioning, a family-owned HVAC services provider in Austin, Texas. The deal marks Service Champions' first entry into the Texas market and expands the platform's national footprint.

Royal House Partners (RHP), a home‑services platform founded by CPS Capital and 1801 Holdings, has acquired SOS Mechanical, an HVAC services business based in Round Rock, Texas. The deal is an add‑on to RHP's growing Texas platform; founder Steve Osteen will retire and General Manager Allison Hale will lead the business as part of the RHP family of companies.

Royal House Partners (RHP), a home‑services roll‑up platform backed by CPS Capital and 1801 Holdings, has invested in Dave's Heating & Air Conditioning, a Taylor, Texas–based residential and light commercial HVAC provider. The deal expands RHP's HVAC footprint in Central Texas and brings a 30+ year local business with licensed journeymen into its family of businesses.

Tech24, a national provider of repair and maintenance services backed by HCI Equity Partners, acquired 1st Source Restaurant Services on September 29, 2022 as its thirteenth add‑on. The acquisition expands Tech24’s coverage in Texas (Dallas–Fort Worth, San Antonio and Arkansas) and adds a team led by CEO Travis Fogle to the platform.

RF Investment Partners has made an additional strategic growth investment in InterCool USA, LLC, the commercial and industrial refrigeration services provider that RF initially backed in 2019. The capital will support InterCool’s continued capability expansion, national service footprint, facility investments (including a new fabrication/compressor repair facility in York, PA) and the company’s evaluation of add-on acquisitions.

Percheron Capital has signed a definitive agreement to acquire a majority stake in McWilliams & Son, a residential HVAC and plumbing services platform headquartered in Lufkin, Texas. Trey McWilliams will remain a significant investor and continue to lead the company as Percheron supports accelerated organic growth and strategic acquisitions to expand the platform.

Pueblo, a PE-backed mechanical contracting platform owned by OMERS Private Equity, has acquired Austin-based Climate Solutions and Dallas-area Evolution Mechanical to expand its HVAC, plumbing and controls footprint in Texas. The transactions are add-on acquisitions intended to grow Pueblo’s service footprint and capabilities across the state.

Houston-based Chill Brothers, a residential HVAC platform backed by Forum Equity Partners, has acquired Texas Central Air, a commercial and industrial HVAC installer and service provider. The add-on expands Chill Brothers' capabilities into commercial and industrial HVAC services while retaining Texas Central Air's management and employees.

Fort Lauderdale-based Air Pros USA has acquired Dallas Plumbing Company, a family-owned HVAC and plumbing business founded in 1903 and serving the Dallas/Fort Worth area. The acquisition expands Air Pros USA's presence in Texas — Dallas Plumbing will be integrated into the Air Pros USA platform while continuing to operate with existing technicians and staff across the region.

Smart Care, a Wind Point Partners portfolio company, has acquired Almcoe Refrigeration Company, LLC, a Dallas-based commercial and industrial refrigeration services provider. The add-on strengthens Smart Care’s Climate Solutions segment by expanding its Texas footprint and adding repair, preventative maintenance, equipment sales and installation capabilities for grocers, convenience stores and cold storage customers.

Main Street Capital Corporation provided $15.1 million in a combination of first lien term debt and a direct equity investment to facilitate the majority recapitalization of Batjer & Associates, LLC and Batjer Service, LLC, a West Texas mechanical HVAC and plumbing contractor headquartered in Abilene, Texas. The financing, done alongside an unnamed co-investor, also includes a revolving credit facility and delayed draw term loan to support working capital and future growth initiatives while partnering with the company's existing owners and senior management.

Atlantic Street Capital completed a majority recapitalization to acquire a controlling stake in ACIS (Air Conditioning Innovative Solutions), a leading commercial facility services and HVAC provider in Texas. Caltius Equity Partners, ACIS' prior institutional investor, will remain an investor and on the board while Atlantic Street will support growth initiatives including salesforce investment, data-driven operations, geographic expansion and add-on M&A.

Fix-It 24/7, a New Harbor Capital portfolio company, has completed the acquisition of On Time Experts to expand the platform into the Dallas–Fort Worth market. The acquisition is an add-on in Fix-It's multi-branch operating strategy; On Time Experts is a 50+ employee HVAC and plumbing services provider founded in Dallas in 1965, whose owner Randy Kelley will transition the business and employees to Fix-It.

Midway Mechanical Services, a member of The Midway Companies, acquired Wood Air Conditioning, Inc., a Mount Pleasant, Texas-based residential and commercial HVAC company. The transaction closed on October 12, 2021; Generational Equity served as the sell-side advisor.

The Sterling Group, a middle-market private equity firm, has completed the acquisition of L&S Mechanical, a tri‑trade provider of plumbing, HVAC and electrical installation services headquartered in Richardson, Texas. Sterling said it will partner with L&S management to expand the company’s tri‑trade turnkey model across Texas and into other states and accelerate growth.

Pueblo Mechanical & Controls, the HVAC and plumbing platform backed by Huron Capital Partners, has acquired Central Air & Heating Service Inc., a family-owned HVAC services business based in Harlingen, Texas. The add-on expands Pueblo's presence into South Texas and will keep owner Frank Matz in place to continue overseeing the business.

Rheem has acquired Friedrich Air Conditioning from Monomoy Capital Partners; financial terms were not disclosed. Friedrich, founded in 1883 and based in San Antonio, Texas, manufactures room air conditioners, dehumidifiers and air-purification products and was owned by Monomoy since 2017; Monomoy executed a value-creation program to expand Friedrich into commercial, lodging and multi-family end markets prior to the sale.

Pueblo Mechanical & Controls, the Huron Capital-backed HVAC and plumbing platform, has acquired Infinity Contractors, a Fort Worth-based mechanical contractor. The add-on expands Pueblo’s geographic footprint into Texas and adds scale and resources to support continued growth; financial terms were not disclosed.