Tracked deals
10
10 tracked deals across 2018-2026.
HVAC & Mechanical Buyers & Acquisitions in Washington
Buyer mix
Mixed buyer set
6 pe · 6 strategic
Top trend
Volume peaked in 2024
2 tracked deals announced in 2024.
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 |
|---|---|---|---|
| ACI Mechanical and HVAC Sales | 1 | Pacific Northwest HVAC equipment vendor and service provi... | Strategic |
| Air Pros USA | 1 | Multi-state residential HVAC services and installation pl... | Strategic |
| Climate Pros, LLC | 1 | Technology-enabled refrigeration and HVAC repair, mainten... | Strategic (PE-backed) |
| CoolSys | 1 | Nationwide provider of sustainable refrigeration, HVAC, e... | Strategic |
| Daikin North America LLC | 1 | Global HVAC manufacturer and distributor (Daikin Industri... | Strategic |
| Fix-It Group | 1 | Acquires and scales local residential home-services brand... | PE |
| Montlake Capital | 1 | Pacific Northwest-based growth equity firm that targets l... | PE |
| Odyssey Investment Partners | 1 | Middle-market private equity firm that makes majority-con... | PE |
| SE Capital Partners | 1 | Middle-market private equity firm focused on fragmented i... | PE |
| Saw Mill Capital | 1 | Private equity firm that acquires facility and industrial... | PE |
Acquisition Volume in HVAC & Mechanical in Washington by Year
Last 7 years
Actual
Full-year estimate
Supporting Data
Recent Transactions
-
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
- ACI Mechanical and HVAC Sales
- Target
- Sno Valley Process Solutions
- Seller
- Andrea Contenta, John Contenta
- Industry
- HVAC & Mechanical
- Location
- Washington, United States
- Type
- Buyout
Seattle-based ACI Mechanical and HVAC Sales has acquired Sno Valley Process Solutions, an Everett, Washington mechanical contractor specializing in HVACR start-up, commissioning, maintenance and warranty service. The acquisition expands ACI's service capabilities for complex commercial and industrial HVAC systems, including data centers, laboratories and manufacturing facilities.
-
August 8, 2024
- Buyer
- SE Capital Partners
- Target
- Cardinal Heating and Air
- Seller
- Mike Hastings, Rory Richardson
- Industry
- HVAC & Mechanical
- Location
- Washington, United States
- Type
- Addon
SE Capital Partners, a Chicago-based private equity firm, has acquired Cardinal Heating and Air, a Kirkland, Washington HVAC services provider founded in 1991. The deal expands SE Capital's portfolio of HVAC service providers and gives the firm a presence in the Pacific Northwest; terms were not disclosed.
-
June 18, 2024
- Buyer
- CoolSys
- Target
- Universal Refrigeration, Inc.
- Seller
- Chris Gates (co-owner), Bryan Galvin (co-owner)
- Industry
- HVAC & Mechanical
- Location
- Washington, United States
- Type
- Buyout
CoolSys announced its acquisition of Universal Refrigeration, Inc., an HVAC service provider based in Auburn, Washington. The deal is intended to deepen CoolSys’ presence and expand its service network across the Pacific Northwest region.
-
- Buyer
- Service Champions
- Target
- Seatown Electric Plumbing Heating & Air
- Seller
- Brandon Phillips, Lorissa Phillips
- Industry
- HVAC & Mechanical
- Location
- Washington, United States
- Type
- Addon
Service Champions, a PE-backed national home services platform, has acquired Seatown Electric, Plumbing, Heating and Air, a family-owned residential electrical, HVAC and plumbing services provider in the Greater Seattle / Puget Sound area. The deal expands Service Champions’ footprint into the Pacific Northwest and brings Seatown’s team and local capabilities into the Service Champions platform; Seatown was founded and operated by Brandon and Lorissa Phillips.
-
August 18, 2022
- Buyer
- Air Pros USA
- Target
- CM Heating
- Industry
- HVAC & Mechanical
- Location
- Washington, United States
- Type
- Buyout
Air Pros USA has acquired CM Heating, a residential HVAC company serving Snohomish, South Skagit and North King County in Washington, to expand its local presence and add multiple service locations across the state. CM Heating will continue operating under its brand while being integrated operationally and commercially into the Air Pros USA platform; the sell-side was represented by Meridian Capital.
-
January 11, 2022
- Buyer
- The Riverside Company
- Target
- Mainstream Electric, Heating, Cooling and Plumbing
- Industry
- HVAC & Mechanical
- Location
- Washington, United States
- Type
- Addon
The Riverside Company has invested in Mainstream Electric, Heating, Cooling and Plumbing (Mainstream) as an add-on to its Radiant Plumbing and Air Conditioning platform. Mainstream, which serves the Greater Spokane, Washington and Coeur d'Alene, Idaho markets, provides residential HVAC, plumbing, electrical, excavation and drain services and will help Radiant expand service lines and cross-selling opportunities.
-
- Buyer
- Daikin North America LLC
- Target
- Thermal Supply, Inc., AirReps, LLC
- Industry
- HVAC & Mechanical
- Location
- Washington, United States
- Type
- Buyout
Daikin North America LLC has acquired Washington-based Thermal Supply, Inc. (a multi-location HVAC distributor) and AirReps, LLC (a long-tenured manufacturer's representative firm) to strengthen its residential and commercial presence in the Pacific Northwest. The transactions expand Daikin’s distribution footprint and manufacturer representation across Washington, Oregon, Idaho, Montana and Alaska, improving service and go-to-market coverage for both residential and commercial customers.
-
- Buyer
- Climate Pros, LLC, Saw Mill Capital
- Target
- Truetemp Northwest, Inc.
- Industry
- HVAC & Mechanical
- Location
- Washington, United States
- Type
- Addon
Climate Pros, a Saw Mill Capital portfolio company, has acquired Truetemp Northwest, a provider of commercial refrigeration and HVAC services in the Pacific Northwest. The add-on expands Climate Pros' service offering and geographic presence into Washington as the firm's eighth acquisition in partnership with Saw Mill Capital.
-
June 26, 2018
- Buyer
- Montlake Capital
- Target
- Fast Water Heater Company
- Industry
- HVAC & Mechanical
- Location
- Washington, United States
- Type
- Recapitalization
Montlake Capital completed a recapitalization and strategic investment in Fast Water Heater Company, a Bothell, Washington-based provider of residential and commercial water heater and plumbing services. The transaction will provide growth capital and strategic guidance to scale the business while keeping Jason Hanleybrown in his role as CEO.
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