Flint Group has acquired Jake's Heating, Air & Plumbing, an Indianapolis-based HVAC and plumbing service provider founded and owned by Jake Adams. The deal adds Central Indiana to Flint's growing national footprint and continues the platform's strategy of partnering with founder-led residential service businesses. Flint is backed by growth equity firm General Atlantic.
The asset.
Jake's Heating, Air & Plumbing serves residential customers across the Indianapolis metro and has built a reputation for taking care of customers, supporting its team, and delivering reliable service throughout the community. Founder-led businesses with strong local brand recognition and a culture of service quality remain core targets for platform buyers in the trades.
Why Indianapolis.
Central Indiana offers steady population growth, a healthy mix of new construction and replacement demand, and a fragmented competitive landscape — the same conditions driving consolidation across other Midwest metros. The acquisition gives Flint a base in a market where the platform did not previously have density and creates a foothold for future tuck-ins across HVAC, plumbing, and electrical in the region.
The pattern.
The transaction continues Flint's strategy of building a national platform centered on founder- and family-owned HVAC, plumbing, and electrical companies. For owners considering a liquidity event, the bar has steadily risen: PE-backed acquirers in the trades increasingly look for operators with strong brand reputation, recurring service revenue, disciplined operations, and a team that can continue running the business post-close. Flint has signaled it plans to keep investing across HVAC, plumbing, and electrical as it builds out its national footprint.
Thinking about a sale, or building a platform?
Residential HVAC and plumbing remain among the most actively consolidating sectors in the trades, and PE-backed platforms continue to pay premium multiples for the right founder-led operators. We work with owners and acquirers across the trades — no pitch, just an honest conversation about where you are.
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