HVAC & Home Services
Heating, cooling, plumbing, electrical, and home repair
What PE Ownership Means for This Industry
20-40% price increase
PE roll-ups are driving up home service costs 20-40%
PE firms are aggressively acquiring local HVAC, plumbing, and electrical companies, then raising prices knowing consumers have limited alternatives for emergency repairs.
Source: Consumer Reports, 2024
PE-Owned Brands
Apex Service Partners
PE-backed home services platform rolling up HVAC, plumbing, and electrical companies
3 locations tracked
Benjamin Franklin Plumbing
Plumbing franchise, part of Authority Brands
4 locations tracked
Champions Group
Owned by The Blackstone Group
Residential HVAC, plumbing, and electrical services platform. Odyssey Investment Partners invested in 2021; Blackstone acquired for $2.5B in 2025. Odyssey and management retain minority stakes
9 locations tracked
Coolsys (Ares Management)
Ares-backed commercial HVAC and refrigeration platform acquiring local operators nationwide
10 locations tracked
Horizon Services
HVAC and plumbing in the Mid-Atlantic, acquired by PE
8 locations tracked
Mister Sparky
Electrical services franchise, part of Authority Brands
9 locations tracked
Neighborly (formerly Dwyer Group)
KKR/Harvest Partners-backed franchise platform with 30+ service brands
10 locations tracked
One Hour Heating & Air
HVAC franchise, part of Authority Brands
8 locations tracked
Service Experts
HVAC service company operating across the US and Canada
3 locations tracked
ServiceMaster Restore
Owned by Roark Capital
Restoration and cleaning franchise with 850+ locations, owned by Roark Capital
8 locations tracked
Servpro
Owned by The Blackstone Group
Disaster restoration and cleaning franchise with 2,000+ locations, acquired by Blackstone
6 locations tracked
Wrench Group
Owned by Leonard Green & Partners
Leonard Green-backed HVAC platform rolling up local providers across the US
7 locations tracked