Operating Company Business Services

Heartland Home Services

Grand Rapids, Michigan, United States

Founded in 2017 on the principle of Shared Strength, Delivered Locally. Leads the market in residential home services and is designed to empower, engage, and inspire its brands to accelerate performance every step of the way. Headquartered in Michigan and committed to being the employer of choice and growing presence across the United States.

Focus Areas
Residential HVAC services, Plumbing services, Electrical services

Tracked deals

12

12 tracked deals across 2020-2022.

Recent pace

0

0 tracked deals announced in the last 12 months.

Deal mix

Addon

10 addon · 2 buyout

Heartland Home Services Acquisition Volume by Year

Last 2 years

Acquisition volume by year Annual acquisition counts for the last 2 years for Heartland Home Services. 3 2020 9 2022

Supporting Data

Recent Transactions

  • Buyer
    Heartland Home Services
    Target
    Pat's Heating and Air Conditioning
    Seller
    Pat McNamee, Mary Sue (owner)
    Type
    Buyout

    Heartland Home Services, a Grand Rapids-based provider of HVAC, plumbing and electrical home services, has acquired Pat's Heating and Air Conditioning, a family-owned HVAC provider serving the greater Milwaukee area. Owners Pat and Mary Sue will remain with the business and transaction terms were not disclosed; the deal expands Heartland's footprint in the Midwest.

  • Buyer
    Heartland Home Services
    Target
    Air Master Heating and Air Conditioning
    Type
    Addon

    Heartland Home Services has acquired Air Master Heating and Air Conditioning, a Ferndale, Michigan-based HVAC service provider. The deal expands Heartland's presence and service density in the Detroit area; terms were not disclosed and the Air Master leadership team will remain in place.

  • Buyer
    Heartland Home Services
    Target
    Williams Refrigeration & Heating, Inc.
    Type
    Addon

    Heartland Home Services acquired Williams Refrigeration & Heating, Inc., a Warren, Michigan-based residential and commercial HVAC services provider. The add-on acquisition (closed May 6, 2022) expands Heartland’s regional HVAC footprint and brings additional installation, service and repair capabilities into its multi-brand platform.

  • Buyer
    Heartland Home Services
    Target
    Masters Heating & Cooling Inc.
    Type
    Addon

    Heartland Home Services, a Midwest home-services platform, has acquired Masters Heating & Cooling Inc., a residential HVAC provider with five locations across Indiana including Fort Wayne and Indianapolis. The management team of Masters will remain in place; terms were not disclosed and Heartland said the acquisition will support growth through its training resources and operational platform.

  • Buyer
    Heartland Home Services
    Target
    Blue Frost Heating & Cooling
    Seller
    Tom Byrne
    Type
    Addon

    Heartland Home Services, the Midwest residential home-services platform, has acquired Blue Frost Heating & Cooling, a West Chicago provider of residential HVAC services. The acquisition expands Heartland's footprint in the Chicagoland western suburbs; Tom Byrne, Blue Frost's owner since 2009, will remain with the business and management team. Terms were not disclosed.

  • Buyer
    Heartland Home Services
    Target
    GreenBox Heating & Air
    Type
    Addon

    Heartland Home Services, a Midwestern technology-enabled provider of HVAC, plumbing and electrical home services, has acquired GreenBox Heating & Air, a residential HVAC provider based in Lexington, Kentucky. The acquisition strengthens Heartland's presence in central Kentucky and brings GreenBox access to Heartland’s technology and resources while GreenBox’s leadership and technicians remain in place.

  • Buyer
    Heartland Home Services
    Target
    Custom Mechanical
    Type
    Addon

    Heartland Home Services has acquired Custom Mechanical, a family-owned residential HVAC and plumbing services provider in Delaware and Maryland. The deal marks Heartland's first expansion onto the East Coast and will keep Custom's management team in place as the brand joins Heartland's portfolio.

  • Buyer
    Heartland Home Services
    Target
    Deljo Heating and Cooling
    Type
    Addon

    Heartland Home Services has acquired Deljo Heating and Cooling, a century-old provider of residential HVAC services in the Chicagoland North Shore. Deljo's leadership and technicians will remain in place and will gain access to Heartland's technology and shared resources to accelerate growth; terms were not disclosed.

  • Buyer
    Heartland Home Services
    Target
    Henry Smith Plumbing, Heating & Cooling
    Type
    Addon

    Heartland Home Services acquired Henry Smith Plumbing, Heating & Cooling on December 18, 2021, adding the Northern Indiana-based plumbing, heating and cooling contractor as the 24th brand in its platform. The target will continue operating under its existing management and technicians while gaining access to Heartland’s technology and resources; terms were not disclosed.

  • Buyer
    An affiliate of The Resolute Fund IV, L.P. (The Jordan Company), Cobepa, Heartland management team
    Target
    Heartland Home Services
    Seller
    North Branch Capital, LLC
    Type
    Buyout

    An affiliate of The Resolute Fund IV (managed by The Jordan Company) acquired Heartland Home Services from North Branch Capital, with Cobepa taking a significant minority stake and North Branch remaining a minority investor. Carlyle's Global Credit platform led and structured the debt financing to support the transaction. The investment will provide Heartland with resources to drive operational efficiencies and pursue organic and inorganic growth across its Midwestern residential HVAC, plumbing, electrical and indoor air quality platform.

  • Buyer
    Heartland Home Services, North Branch Capital
    Target
    Action Plumbing, AC Engineers
    Location
    United States
    Type
    Addon

    Heartland Home Services, a portfolio company of North Branch Capital, has acquired Action Plumbing (Sun Prairie, WI) and AC Engineers (Shelby Township, MI) as add-on acquisitions to expand its Midwest footprint. The deals expand Heartland’s residential HVAC, plumbing and electrical service presence in the Madison, WI market and Eastern Michigan.

  • Buyer
    Heartland Home Services, North Branch Capital, LLC
    Target
    First Call Plumbing, Inc.
    Industry
    Plumbing
    Type
    Addon

    Heartland Home Services, a portfolio company of North Branch Capital, has acquired First Call Plumbing, Inc., a residential plumbing provider based in Jenison, Michigan. The add-on expands Heartland's plumbing capabilities and Midwest service footprint, complementing its existing HVAC, plumbing and electrical platform.

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