HVAC & Mechanical Buyers & Acquisitions in Utah

Tracked deals

10

10 tracked deals across 2021-2026.

Buyer mix

Mixed buyer set

8 pe · 8 strategic

Top trend

Volume peaked in 2022

3 tracked deals announced in 2022.

Primary Insight

What Stands Out

  • Several transactions involve service platforms adding Utah businesses or extending their geographic reach, including The SEER Group’s entry into Utah through S&S Mechanical and Friendly Group’s expansion in Northern Utah through Western Heating & Air.
  • HVAC deals often sit alongside plumbing, electrical, or building systems capabilities. Examples include ESCO Heating, Air Conditioning, Plumbing and Electric and Rocky Mountain Mechanical.
  • The listed activity also covers adjacent services, including Pye-Barker Fire & Safety’s acquisition of Paradise Fire Protection and Guild Garage Group’s partnership with A Plus Garage Doors.
  • Utah locations named in the transactions include Salt Lake City, South Salt Lake, St. George, Logan, Orem, and Lehi.

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Buyer Snapshot

Top Buyers

Illustrative buyers pulled from tracked transactions on this page. This table is capped and intentionally non-exhaustive.

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Buyer # Deals Focus Type
Knox Lane 2 Growth-oriented investment firm partnering with consumer ... PE
Alchemy Capital Partners 1 Private equity firm focused on lower-middle-market indust... PE
American Residential Services (ARS/Rescue Rooter) 1 Nation's largest operator of residential HVAC and plumbin... Strategic
Any Hour Group, LLC 1 Residential home-services provider offering HVAC, plumbin... Strategic (PE-backed)
Asilia Partners 1 Private investment firm providing flexible equity and deb... PE
Friendly Group 1 Home services platform consolidating HVAC, plumbing, and ... Strategic (PE-backed)
Guild Garage Group 1 Buy-and-build platform/alliance of residential garage doo... Strategic
Huron Capital 1 Operationally-focused middle-market private equity firm e... PE
NorthSands Capital 1 Investment firm focused on single-asset continuation vehi... PE
Peterson Partners 1 Private equity firm investing in and supporting lower mid... PE

Acquisition Volume in HVAC & Mechanical in Utah by Year

Last 5 years

Acquisition volume by year Annual acquisition counts for the last 5 years for HVAC & Mechanical Buyers & Acquisitions in Utah. 2 2021 3 2022 1 2024 2 2025 ~3 est. 2 2026
Actual Full-year estimate

Supporting Data

Recent Transactions

  • Buyer
    Peterson Partners, NorthSands Capital
    Target
    Kelso Industries
    Seller
    Paceline Equity Partners

    Peterson Partners closed a $510 million single-asset continuation vehicle for Kelso Industries, with NorthSands Capital committing more than $450 million as the sole lead investor. Peterson Partners Fund X rolled its Kelso position into the new vehicle and added capital; Paceline Equity Partners’ preferred equity investment was redeemed in full as part of the transaction.

  • Buyer
    PremiStar
    Target
    Mechanical Service & Systems (MSS)
    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.

  • Buyer
    Any Hour Group, LLC, Knox Lane
    Target
    Lee's Plumbing, Inc.
    Seller
    Lee Draper
    Type
    Addon

    Any Hour Group, LLC has entered into a definitive agreement to acquire Lee's Plumbing, Inc., a residential plumbing services provider in northern Utah and southern Idaho. The parties did not disclose the transaction terms. Lee Draper will continue leading Lee's Plumbing under the existing brand.

  • Buyer
    The SEER Group
    Target
    S&S Mechanical
    Type
    Addon

    The SEER Group has acquired S&S Mechanical, a long-established HVAC and plumbing provider based in St. George, Utah, marking SEER's first expansion into Utah. The acquisition brings S&S into SEER’s network of residential and commercial home‑services brands while preserving the company's local leadership and operations.

  • Buyer
    Guild Garage Group, Asilia Partners
    Target
    A Plus Garage Doors
    Type
    Addon

    Guild Garage Group has completed a strategic partnership to add A Plus Garage Doors, a portfolio company of Asilia Partners, to its alliance of residential garage door service brands. Under the agreement Asilia principals will join Guild's advisory board to support the platform's buy-and-build strategy; A Plus brings more than 140 employees and ~80 service trucks and will retain its management team while partnering with Guild.

  • Buyer
    Pye-Barker Fire & Safety (Rapid Fire Protection Group)
    Target
    Paradise Fire Protection
    Seller
    John Blankman
    Type
    Addon

    Pye-Barker Fire & Safety (Rapid Fire Protection Group) has acquired Paradise Fire Protection, a Logan, Utah-based provider of fire alarm, sprinkler and extinguisher installation, inspection, testing and maintenance. The acquisition strengthens Pye-Barker's presence in Utah and increases market density in the suburban communities north of Salt Lake City; Paradise Fire owner John Blankman and his team will remain with the business.

  • Buyer
    American Residential Services (ARS/Rescue Rooter)
    Target
    ESCO Heating, Air Conditioning, Plumbing, and Electric
    Seller
    Mark Baker, Brian Templin
    Type
    Buyout

    American Residential Services (ARS/Rescue Rooter) has acquired ESCO Heating, Air Conditioning, Plumbing and Electric of Salt Lake City, Utah. The acquisition expands ARS's residential HVAC, plumbing and electrical footprint in the Western U.S. and brings ESCO's local team and capabilities into ARS's national network.

  • Buyer
    Pueblo Mechanical & Controls, Huron Capital
    Target
    Rocky Mountain Mechanical
    Seller
    Chad Heward
    Type
    Addon

    Pueblo Mechanical & Controls, a Huron Capital platform, has acquired Rocky Mountain Mechanical, a South Salt Lake, Utah-based HVAC, plumbing and controls contractor. The add-on expands Pueblo's geographic footprint into the Rocky Mountain region; former owner Chad Heward will continue to lead as president of the Rocky Mountain division.

  • Buyer
    Friendly Group, Alchemy Capital Partners, RFE Investment Partners
    Target
    Western Heating & Air
    Type
    Addon

    Friendly Group, a home services platform, has acquired Western Heating & Air, an HVAC company with branches in Orem and Lehi, Utah. The deal expands Friendly Group's footprint in Northern Utah; Western will continue to operate under its brand with owner Ryan Snow remaining at the helm, and Friendly Group's board includes representatives from Alchemy Capital Partners and RFE Investment Partners.

  • Buyer
    Knox Lane
    Target
    Any Hour Services

    Knox Lane, a San Francisco-based growth investment firm, made a strategic growth investment in Any Hour Services to form the Any Hour Group. The capital and operational support will be used to scale the company's HVAC, plumbing and electrical services across the Mountain West through organic growth and strategic acquisitions; financial terms were not disclosed.

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Frequently Asked Questions

What types of businesses appear in Utah HVAC and mechanical acquisitions?

The transactions include HVAC and plumbing contractors, residential electrical services, building controls, fire protection, and garage door services.

Which Utah areas appear in the listed transactions?

Examples include Salt Lake City, South Salt Lake, St. George, Logan, Orem, and Lehi.

Are the Utah transactions limited to outright acquisitions?

No. The activity also includes partnerships, a growth investment, and a continuation vehicle, alongside acquisitions.

Do the listed deals disclose their financial terms?

Disclosure varies. For example, the terms of Any Hour Group’s proposed acquisition of Lee's Plumbing were not disclosed.

Related Acquisition Pages