Greenwood Industries acquires Diamond Roofing, adding a nearly 80-year-old New York brand
Greenwood Industries has acquired Diamond Roofing, a Central New York roofing company founded in 1947 — expanding its New York footprint and adding the sixth brand to its Northeast building-envelope platform.
The private equity playbook: rolling up independents into regional platform companies
The same strategy is playing out across HVAC, plumbing, electrical, roofing, landscaping, and windows & doors: buy strong independents at sensible prices, build a larger platform, and exit at a premium. Here is how the buy-and-build playbook actually works.
Awani Capital forms a retail-focused residential roofing platform, combining NewHaus and Universal
Awani Capital has combined two California-based residential roofers, NewHaus and Universal, to launch a premium, cash-pay roofing platform serving California and Texas.
Huron Capital’s Exigent Group enters Columbus with Superior Building Services, its eighth mechanical-services acquisition
The Exigent Group, a commercial mechanical services platform backed by Huron Capital, has acquired Columbus-based Superior Building Services — its eighth acquisition since the platform launched in late 2022.
Garnett Station-backed FirstRidge adds Weddle & Sons as its eighth roofing brand and names a new CRO
Less than three years after launching, FirstRidge Service Partners has built a network of eight founder-led residential roofing and restoration brands across 11 states — with Manhattan, Kansas-based Weddle & Sons the latest to join the hail-belt platform.
Gray Capital Group builds a Texas HVAC platform, anchored by Delta Air Conditioning
Since late 2024, Dallas-based Gray Capital Group has assembled four established Southeast Texas and Dallas–Fort Worth HVAC operators under the Delta Air Conditioning banner — preserving local brands and leadership while building a larger platform across two Texas markets.
Why is private equity flooding into HVAC?
Rates are still elevated and volume is well off its 2022 peak — yet private equity and family offices are flooding into residential HVAC at premium multiples. A data-driven thought piece on why, with charts built from AHRI shipment data.
Ridgeline Roofing acquires Champaign-based Freedom Roofing & Construction, marking seventh add-on
Ridgeline Roofing & Restoration adds Freedom Roofing & Construction — a Kurt Kiser-founded Champaign, Illinois exteriors business serving Central Illinois since 2014 — in the platform's seventh add-on acquisition.
FirstCall Group acquires Bensenville-based Comfort Indoor Solutions, opening its first Chicago-area branch
SkyKnight Capital-backed commercial mechanical services platform FirstCall Group adds Comfort Indoor Solutions, a 48-year-old Bensenville, Illinois-based commercial and industrial HVAC contractor — the platform's first branch in Illinois and its 26th overall across 12 states.
Truelink Capital invests in Minneapolis-based Horwitz, establishing a new regional MEP services platform
One-hundred-and-eight-year-old Minneapolis MEP contractor Horwitz becomes Truelink Capital's twelfth platform investment from Fund I — a separate, standalone MEP services platform for the LA-based firm, following its earlier 2026 investment in Bellevue, Washington-based Prime Electric.
Flint Group adds Indianapolis-based Jake's Heating, Air & Plumbing to its national home services platform
General Atlantic-backed Flint Group expands into Central Indiana with the acquisition of Jake's Heating, Air & Plumbing — a founder-led HVAC and plumbing operator with a strong reputation across the Indianapolis market.
Gemspring-backed AMPAM Parks Mechanical acquires Coastal Fire & Integration Systems, adding fire protection and low-voltage to its California MEP platform
AMPAM extends its integrated California MEP platform with the acquisition of Poway-based Coastal Fire & Integration Systems — a deliberate move toward a one-stop building-systems offering for multifamily, mixed-use, hospitality, and student housing developers.
Tambr Partners-backed Pressure Point Roofing acquires Eugene's Evergreen Roofing, broadens Pacific Northwest platform
Two 1989-founded Oregon roofers combine under the Tambr-backed PPR platform. Evergreen continues to operate under its own brand, extending PPR's footprint across Oregon, Southern Washington, and Northern California.
Partners Group-backed PremiStar acquires Salt Lake City's MSS, enters Utah and Kelso Industries' home market
PremiStar plants its Utah flag with the addition of 42-year-old Mechanical Service & Systems — landing in the backyard of Kelso Industries, a $1.2B+ PE-backed MEP roll-up sponsored by two Salt Lake City PE firms.
FirstService-owned Roofing Corp of America acquires Schefers Roofing, marking 16th add-on and Kansas City entry
FirstService's commercial roofing subsidiary RCA adds Kansas City's Schefers Roofing as its 16th acquisition. Founder Lance Schefers retains CEO role and minority equity — a partial-liquidity structure worth understanding for owners contemplating a transaction.
EMCOR-owned Miller Electric to acquire Daytona's Giles Electric — first add-on since EMCOR's $865M deal
Miller Electric's first regional add-on under EMCOR Group ownership — and a useful lens on what last year's $865M EMCOR-Miller deal (~10.8x EBITDA) signals for commercial electrical valuations in the Southeast.
Bertram Capital-backed Ridgeline Roofing acquires Fremont Roofing Company, extends platform to Nebraska
Ridgeline Roofing & Restoration adds Fremont Roofing Company — a JB Harris-founded Nebraska exteriors business serving Omaha, Council Bluffs, and rural Nebraska/Iowa — in the platform's sixth add-on since Bertram Capital's January 2024 recapitalization.
Advantage Services Group acquires Priority One Heating & AC, extends Pacific Northwest footprint
MRE Capital-backed Advantage Services Group adds Eugene, Oregon-based Priority One Heating & Air Conditioning — an operator-sponsored platform reaching roughly $100M in revenue across the western U.S. in just over five years.
Two Parks Capital-backed Fix-It Group enters Florida with Sergeant's Electric acquisition
A chronological look at how Fix-It Group scaled from a single ~$1M Denver shop in 2017 to a multi-state HVAC, plumbing, and electrical platform across nine major markets — with the Sergeant's Electric deal marking its first Florida footprint.
Liberty Service Partners: 19 brands, one platform, and a Sun Belt-heavy bet on home services consolidation
The PE-backed platform has rolled up 19 residential and commercial service brands across HVAC, electrical, plumbing, and generators — concentrated heavily in Florida and the Southeast. An interactive map of the footprint.
Nations Roof: four acquisitions, forty branches, and a national accounts bet on commercial roofing
Backed by AEA Investors since July 2024, Nations Roof has expanded from its Southeast base into the Midwest, Gulf Coast, and California — and is in active growth mode with more to come.
Grizzly MEP adds its fifth partner — a look at how the commercial MEP platform grew from zero to five in a year
Backed by Garnett Station Partners, Grizzly MEP has assembled a multi-state commercial MEP platform through strategic partnerships that preserve local brands and management teams.
New HVAC & plumbing company launches in Southern California, uniting three Inland Empire brands
Family Ties Air, Plumbing & Drain unites AAVCO, MB Air & Plumbing, and First Choice Air & Plumbing under one family-focused brand — retaining local leadership while building a larger, better-resourced platform across the Inland Empire.
The PE roll-up playbook: three phases every platform goes through — and why it matters for M&A
Whether it's USA Hometown or Heartwood's Norlee, PE-backed platforms follow a predictable arc. Understanding which phase a platform is in tells you everything about its M&A appetite.
Heartwood-backed Norlee Group acquires Ireland Electric in Georgia
Norlee Group completes its sixth add-on under Heartwood Partners, acquiring Ireland Electric Corp. — a full-service commercial and industrial electrical contractor serving the southeast since 1957.
M&A Veteran Launches Schryver & Co., an Advisory Firm Built Exclusively for the Trades
Will Schryver launches Schryver & Co. — a boutique M&A advisory firm dedicated exclusively to HVAC, plumbing, electrical, roofing, windows & doors, and adjacent residential and commercial service businesses.