Fix-It Group welcomed AL-DON Heating & Air Conditioning, a long-standing St. Louis residential HVAC and home-services company, into the platform family. The announcement came via Fix-It Group’s LinkedIn — no purchase price, revenue, EBITDA, or headcount was disclosed. Regional VP Rick Cubas framed the partnership around protecting AL-DON’s local legacy and supporting the next chapter of growth. AL-DON keeps the local brand and team emphasis that has defined Fix-It’s partnership language.
The asset.
AL-DON Heating & Air Conditioning is one of St. Louis’s longest-standing home service companies. Founded in 1959 by the parents of Jeff Miller, the shop has served Greater St. Louis residential HVAC customers for more than six decades. Jeff took ownership in 2009. He and his wife are retiring — a classic succession hand-off into a PE-backed residential trades platform that keeps the local brand in place.
The book is residential HVAC and related home services. Fix-It’s post keeps the emphasis on the local brand and the team that built it.
The platform.
Fix-It Group was founded in 2017 by CEO George Donaldson, a master electrician who scaled a Denver residential HVAC and plumbing shop before formalizing a multi-state residential HVAC, plumbing, and electrical platform. New Harbor Capital held the first institutional stake; Two Parks Capital acquired Fix-It from New Harbor in February 2025 — coverage we have already tracked on Schryver, including the Sergeant’s Electric Florida entry.
The operating model is tradesperson-led and brand-preserving: partner with established local residential service companies, leave the name on the trucks, and put shared marketing, recruiting, and ops support behind the team. In July 2026, Fix-It welcomed Hosack Plumbing, Heating & Cooling in Greater St. Louis — publicly described at the time as bringing the platform to roughly 11 brands. AL-DON is the next St. Louis densify on that map.
What it means.
Midwest residential HVAC owners watching succession exits now have another recent St. Louis data point: a Two Parks–backed, founder-operator platform buying multi-decade local shops when owners are ready to step back — and saying so in local-brand language.
If you run a residential HVAC, plumbing, or electrical shop in St. Louis or a similar Midwest metro, the practical read is densify after Hosack, succession-friendly structure, and a buyer class that still wants owner-built reputations intact. Know your numbers and who would compete before the next inbound lands.
Running a Midwest residential HVAC shop?
Schryver & Co. advises trades owners across roughly $5 million–$100 million of revenue. If a PE-backed platform is already circling a succession exit — or you simply want a clear read on who is buying residential HVAC in St. Louis and the broader Midwest right now — we will walk the comps with you. Straight conversation.
Ask about Midwest HVAC buyers →