North America’s largest privately held mechanical services platform adds a 58-year-old controls contractor — and a look at why building automation commands different economics than mechanical work.
RSP’s third acquisition and its parent holding company’s 37th — and a look at a permanent-capital buyer model that offers owners something a private equity fund structurally cannot.
Blue Ridge Construction Capital-backed Banko crosses the state line into South Carolina — and a look at why garage doors became one of the most actively consolidated corners of residential services.
Six Pillars-backed Royalty Roofing adds fourth-generation Rodd Roofing of St. Johnsbury, Vermont — a beachhead entry into northern New England, and a look at a platform that runs commercial, industrial, institutional, and residential under one roof.
RFE-backed LaunchPad adds Top to Bottom Services, a Montgomery County home inspection firm founded in 2004 — the platform’s entry into Maryland and the D.C. metro, and a look at consolidation in an inspection sector adjacent to the trades.
Nashville-based, PE-backed Leap Partners adds Central Heat & Air — a four-decade Chattanooga-area HVAC provider — its 34th acquisition across an eight-state Southeast footprint, and a marker of consolidators moving further down market.
Percheron Capital-backed Blue Cardinal adds D&D Home Services — a 40-year-old, family-owned residential plumbing and HVAC provider serving Midland and the broader Permian Basin since 1984 — deepening the platform’s West Texas footprint.
Lake Street Capital Partners-backed HighPoint adds Five Points Roofing — a 15-year-old, family-founded residential re-roofing and insurance-restoration contractor serving greater Nashville — expanding the platform from North Carolina into Tennessee.
A year after launching with Garnett Station Partners’ backing, Skybound has added three partner brands and four greenfield branches across nine markets — a disciplined read on the buy-and-build model coming to commercial roofing.
Boston-based Heritage Holdings has acquired East Syracuse’s Airside Technology — a 40-year-old commercial and industrial HVAC contractor with a union workforce and automated sheet-metal fabrication — as a fourth HVAC brand on its industrial-services platform.
Operator-sponsored residential platform ASG — backed by David Williams’ family office MRE Capital — acquires nearly five-decade-old Doctor Fix-It and folds it into its existing Denver brand Elkhorn, thickening density in a market it already serves.
Phoenix-headquartered Modigent — a private equity-backed HVAC, plumbing, and controls platform built from roughly 20 operating companies coast to coast — acquires P&E Mechanical, a 13-year-old family-founded HVAC and plumbing contractor in Waco, Texas, deepening its I-35 corridor presence.
A century-old, family-owned electrical contractor is selling to a public strategic at roughly 7x forward EBITDA, with the deal built around data center and mission-critical demand — and, for once, the financials are disclosed.
A 43-year-old mechanical contractor with 250+ skilled professionals joins a platform backed by E-3 Tech with participation from Andreessen Horowitz — a marker of a newer kind of buyer competing for MEP businesses.
Hendrick is barely six years old — and grew to 90 teammates and 25,000+ customers in that time. A useful marker of what private equity consolidators are looking for, and of Redwood’s post-recapitalization pace.
Sila’s acquisition of a 78-year-old Roanoke-area operator is a small deal on its own — but a useful marker of how a residential HVAC platform keeps compounding acquisitions after a recapitalization with a new institutional backer.
In a matter of months, Solvane has assembled a multi-brand property-restoration and home-services platform. At its core sits the $50 million acquisition of the Evolve Restoration platform — and a strategy the company has been unusually explicit about.
Legacy Service Partners has added Lunsford Air Conditioning & Heating, a family- and veteran-owned tri-county operator founded in 1981, extending its home-services platform into the Florida Panhandle.
Friendly Group’s Nytech brand has expanded into the Denver Metro market with the addition of Ultimate Heating, Cooling, Plumbing & Electrical, a family-owned, NATE-certified operator serving the area since 1999.