Bonney Plumbing, Electrical, Heating and Air (Bonney), a home services company based in Rancho Cordova, California, has announced the acquisition of award-winning HVAC company Big Air Heating & Air Conditioning (Big Air) based in Concord, California. Under the partnership, Bonney will support Big Air and its team while continuing to operate locally under its brand.

The partnership with Big Air expands Bonney's jurisdiction, which currently includes eight counties in and around the Greater Sacramento region, to Contra Costa County in the Bay Area.

“The East Bay of San Francisco is a prime area of ​​expansion for Bonney,” said Jeremy Macdonald, CEO of Bonney. “When we met the Big Air team, we knew immediately that they would be a good fit given the brand they have built and shared values ​​of focusing on people and providing excellent customer service.”

Founded in 1978 by Mark and Candace Bonney, Bonney is a household name in the Sacramento area. Over the past 40 years, Bonney has grown from a family-owned business to a company that currently operates over 120 service vehicles and employs more than 200 people.

“As Big Air enters the next chapter of its growth, we are thrilled to have found Bonney as a partner,” said Mike Santa Maria, founder of Big Air. “In addition to the additional resources and capital Bonney brings to drive growth, their values ​​and culture align with what we have built at Big Air over the past 20 years.”

Bonney plans to invest in several companies he owns over the next two years to build a regional leader in home services. Silicon Valley-based M&A Business Advisors acted as sales advisor to Big Air.

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NEW YORK — ABM announced that ABM Building & Energy Solutions, a business unit of ABM Facility Solutions Group, has acquired Airco Commercial Services Inc., a Northern California provider of HVAC services, energy solutions and building controls for commercial and industrial buildings. Airco Commercial Services is headquartered in Sacramento, California, with offices in Benicia, San Francisco and San Jose. Terms of the transaction were not disclosed.

“The acquisition of Airco Commercial Services enables ABM to offer a comprehensive portfolio of HVAC, mechanical and energy efficiency solutions throughout Northern California,” said Scott Giacobbe, President of ABM Building & Energy Solutions. “With recent Title 24 changes, PACE financing options and a variety of state and energy efficiency incentives, we can now offer Northern California customers cost-effective energy efficiency solutions that reduce operating costs and improve indoor comfort.”

Shortly after opening in 1987, Airco Commercial Services became a Linc Service® franchisee to accelerate growth and market penetration. The Linc Service franchise is owned by ABM and is one of the largest commercial HVAC franchisors in North America. With 27 years of collaboration, seamless integration is expected as the companies share common standard operating procedures and management principles.

“We are very excited to introduce these best-in-class HVAC and energy efficiency services to our existing electrical, building services, janitorial, landscaping, security and parking customers throughout Northern California,” said Tracy Price, ABM's executive vice president and president of the ABM Facility Solutions Group. “Our strategy to offer our full portfolio of services in all major metropolitan areas in California is now complete. Many customers are looking for a single provider for all their building services. This is a real competitive advantage for ABM.”

“We wanted to continue the proud legacy that Airco Commercial Services established as a long-standing member of ABM's Linc Service Network for our employees and customers. My family and I wanted to ensure a smooth transition for our employees and uninterrupted delivery of best-in-class solutions to our customers, so ABM was the obvious choice,” said Charles Jones, outgoing President of Airco Commercial Services. “My personal passion is service and I am proud of what our employees have built over the last 25+ years. I am fully confident that they will continue to be successful with ABM.”

For more information, visit www.abm.com.

Release date: 18.08.2014

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• David Gray will continue to operate under his current name and brand
• Gryphon is headquartered in San Francisco and invests in the middle market
• The private equity company was founded in 1997

Southern Home Services, backed by Gryphon Investors, has acquired David Gray Electrical, Plumbing, Heating & Air, a Florida-based HVAC company. No financial details were disclosed.

Southern Home Services is an operator of home service businesses.

“We are thrilled to welcome David Gray Electrical, Plumbing, Heating & Air to our family,” Bryan Benak, CEO of Southern Home Services, said in a statement. “This partnership not only expands our reach, but also enhances our ability to provide unparalleled service and expertise to the Jacksonville community.” This acquisition aligns with the mission of Southern Home Services, the leading provider of comfort, safety and To be energy solutions for homeowners.

David Gray will continue to operate under his current name and brand.

Gryphon is headquartered in San Francisco and invests in the middle market. The private equity company was founded in 1997.

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• Under the terms of the agreement, ACE Solves It All will continue to operate under its current name and brand
• Gryphon is based in San Francisco and is aimed at medium-sized businesses

Southern Home Services, backed by Gryphon Investors, has acquired ACE Solves It All, a Florida-based HVAC company. No financial details were disclosed.

Southern is a home service provider.

Commenting on the deal, Jarrod Brinker, chief strategy officer, said in a statement: “As we are based in Orlando, we have long admired ACE's reputation for excellence and are pleased to have their team join Southern.” Our home office Support staff will help the company achieve its growth goals while maintaining its local identity.”

Under the terms of the agreement, ACE Solves It All will continue to operate under its current name and brand.

Gryphon is based in San Francisco and is aimed at medium-sized businesses.

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The growing Southeast home services company expands into the Kentucky market

NASHVILLE, Tenn., Nov 9, 2022 /PRNewswire/ — Leap Partners, a home services company with HVAC and plumbing businesses across the Southeast, recently expanded into the Kentucky market through its acquisition of Hornback Plumbing. In addition to Hornback Plumbing, based in Elizabethtown, Ky.Leap Partners’ growing business portfolio currently includes companies located in Alabama other Tennessee.

Leap Partners (PRNewsfoto/Leap Partners)

“Over the course of nearly 20 years, Hornback Plumbing has built its brand on quality, reliable service,” Leap Partners CEO John Cerasuolo said. “Leap Partners is thrilled to have the opportunity to help Hornback take its services to a new level, and we are actively looking for more companies to join our expanding network.”

Under its new ownership, the Elizabethtown plumbing company will still operate as Hornback Plumbing, and former owners Donnie and Kim Hornback will continue to lead their team.

“Leap Partners was a great company for us to join because they know the importance of helping local businesses like ours grow while continuing to maintain strong ties to the community,” Donnie Hornback said. “They will offer us operational support that will help us better serve our customers, employees and community.”

Established in 2005, Hornback Plumbing serves Elizabethtown and surrounding communities, including Brandenburg. They offer services in the areas of plumbing and drain cleaning and are available 24/7 for emergency services. They also sell and install water heaters, softeners and filters.

About Leap Partners

Headquartered in Nashville, Tenn., Leap Partners is working to connect the best small and medium-sized HVAC, plumbing and electrical service businesses in the Southeast to build a world-class service provider. The company’s family of service businesses currently includes Conditioned Air Solutions (Huntsville, Ala.), Drain Factory (Birmingham, Ala.), George Plumbing (Hartselle, Ala.), hornback plumbing (Elizabethtown, Ky.), and Scenic City Heating & AC (Chattanooga, Tenn.). Under Leap Partners’ ownership, these businesses are committed to providing industry-leading customer satisfaction and employee engagement. For more information and to read partner testimonials, visit theleappartners.com and theleappartners.com/testimonials.

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SOURCE Leap Partners

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WOKINGHAM, ENGLAND / ACCESSWIRE / December 2, 2022 // Ferguson plc (NYSE:FERG; LSE:FERG) announces today the acquisition of Airefco, Inc., a distributor of HVAC equipment, parts and supplies in the Pacific Northwest.

Founded in 1957 as a Carrier HVAC distributor, Airefco is headquartered in Tualatin, Oregon. It employs 191 associates across eleven locations and distributes Carrier and Bryant brands to customers in Alaska, Idaho, Montana, Oregon, Washington and Wyoming.

“Airefco has a strong market reputation for quality associates, products and customer relationships,” said Kevin Murphy, Ferguson CEO. Airefco joining Ferguson will support our dual trade strategy for the plumbing and HVAC contractor and will help us accelerate the geographic expansion of our HVAC business in the Pacific Northwest. It will also provide us with a larger multi-brand footprint and an opportunity to expand the carrier network in the region’s growing residential and commercial markets.”

“Ferguson is a company that reflects much of the culture that our associates, customers, vendors and suppliers hold dear,” said JK Hussa, Airefco President and CEO. “They value person-to-person relationships and will invest wisely in Airefco’s future and continued growth.”

Ferguson is committed to growing its HVAC business, where it is one of the leading distributors in an estimated $70 billion North American market. It recently acquired Guarino Distributing Company, LLC, an HVAC distributor in Louisiana and Mississippi, in November 2022; and Aaron & Company, a plumbing and HVAC distributor in New Jersey, in May 2022.

For its HVAC business, Ferguson partners with a variety of HVAC manufacturers and distributes equipment, parts and supplies to specialty and multi-trade contractors for use in residential and commercial projects. More details on how Ferguson serves HVAC customers can be found at www.fergusonplc.com.

About Ferguson
Ferguson plc (NYSE:FERG; LSE:FERG) is a leading value-added distributor in North America providing expertise, solutions and products from infrastructure, plumbing and appliances to HVAC, fire, fabrication and more. We exist to make our customers’ complex projects simple, successful and sustainable. Ferguson is headquartered in the UK, with its operations and associates solely focused on North America and managed from Newport News, Virginia. For more information, please visit www.fergusonplc.com or follow us on LinkedIn https://www.linkedin.com/company/ferguson-enterprises.

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For further information please contact:

Cautionary note on forward-looking statements
Certain information in this announcement is forward-looking within the meaning of the Private Securities Litigation Reform Act of 1995, and involves risks, assumptions and uncertainties that could cause actual results to differ materially from those expressed or implied by forward-looking statements. Forward-looking statements cover all matters which are not historical facts and speak only as of the date on which they are made. Forward-looking statements can be identified by the use of forward-looking terminology such as “will,” “continue,” or other variations or comparable terminology. Many factors could cause our plans to differ materially from those in such forward-looking statements, including, but not limited to: the risk that the initiatives and priorities described in this announcement may be delayed, cancelled, suspended or terminated; weakness in the economy, market trends, uncertainty and other conditions in the markets in which we operate, and other factors beyond our control, including any macroeconomic or other consequences of the current conflict in Ukraine; failure to rapidly identify or effectively respond to direct and/or end customers’ wants, expectations or trends, including costs and potential problems associated with new or upgraded information technology systems; the costs and risk exposure relating to environmental, social and governance matters; adverse impacts caused by the COVID‐19 pandemic (or related variants); and other risks and uncertainties set forth in our Annual Report on Form 10-K filed with the Securities and Exchange Commission (“SEC”) on September 27, 2022, under the heading “Risk Factors,” and in other filings we make with the SEC in the future. Forward-looking statements regarding past trends or activities should not be taken as a representation that such trends or activities will continue in the future. Other than in accordance with our legal or regulatory obligations, we undertake no obligation to publicly update or revise any forward-looking statement, whether as a result of new information, future events or otherwise.

# # #

This information is provided by RNS, the news service of the London Stock Exchange. RNS is approved by the Financial Conduct Authority to act as a Primary Information Provider in the United Kingdom. Terms and conditions relating to the use and distribution of this information may apply. For further information, please contact rns@lseg.com or visit www.rns.com.

Ferguson PLC

SOURCE: Ferguson PLC

View source version on accesswire.com:
https://www.accesswire.com/729853/Ferguson-Acquires-HVAC-Distributor-Airefco-Inc

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SAN FRANCISCO, Nov. 16, 2022–(BUSINESS WIRE)–San Francisco Equity Partners (SFEP), a private equity firm focused exclusively on partnering with lower middle market companies across the consumer value chain, announced today that it has acquired DGS Retail (DGS), a leading provider of décor, signage, fixtures, displays and other critical products to customers in the grocery, retail, foodservice and consumer brand end markets. Terms of the deal were not disclosed.

From its origin as a small signage-focused business, DGS now manages a skilled workforce across multiple operating divisions and facilities that provide design, procurement, manufacturing and installation services across multiple product categories. The company provides a single source for a broad range of offerings to help customers define and improve their image, environment and consumer experience within brick-and-mortar locations.

“DGS has an impressive track record of growth built on strong, long-term relationships with a large and diverse base of national and regional customers,” said SFEP Partner David Mannix. “The DGS team has built a broad set of capabilities through both organic growth and synergistic acquisitions, which enable the company to compete and win in a large and extremely fragmented market.”

“SFEP’s experience working with both consumer brands and business-to-business companies serving consumer end markets makes this an ideal partnership for us,” said DGS CEO Peter Stevens. “Partnering with SFEP will give DGS greater access to operational resources and capital to drive growth.”

The acquisition of DGS exemplifies SFEP’s commitment to partnering with leading B2B companies serving large consumer end markets. “Through a unique combination of consumer industry experience and our operationally intensive investment approach, we are able to deliver compelling outcomes for our stakeholders,” said SFEP Managing Partner Scott Potter. “We believe DGS has tremendous growth potential and we’re excited to partner with Peter and his exceptional team.”

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About DGS Retail

DGS is a leading provider of décor, signage, fixtures, displays and other critical products to the grocery, retail, foodservice and consumer brand end markets. DGS’ operations span four divisions and over 400,000 square feet across five facilities in Massachusetts, Florida, Illinois, Wisconsin and California. The company provides a broad range of solutions and is one of only a few companies that can deliver décor, signage, fixtures, and displays at scale to national and large regional customers. For more information, visit www.customretailbydgs.com.

About San Francisco Equity Partners

San Francisco Equity Partners is a private equity firm focused exclusively on partnering with lower middle market companies across the consumer value chain. To each of its partner companies, SFEP serves as an extension of the management team and provides both extensive operating experience and a broad network of relationships across the consumer products landscape. For more information, please visit www.sfequitypartners.com.

View source version on businesswire.com: https://www.businesswire.com/news/home/20221116005171/en/

Contacts

Jeff Fox
The Blueshirt Group (for San Francisco Equity Partners)
415-828-8298
jeff@blueshirtgroup.com

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PLYMOUTH, Minn. — Dakota Supply Group on Thursday announces its acquisition of Western Steel and Plumbing.

Western, founded in 1949, is a leading distributor of plumbing and HVAC products with two locations in Bismarck and Minot, North Dakota.

“After three generations as a family business and personally 50 years as an employee of Western Steel, I know the time has come to depart and watch the business grow and prosper in the future,” said Western owner Maury Kamins. “I am so proud of our existing staff, a group I would call one of the best in our industry with DSG’s diverse product offerings, excellent website, superior purchasing power, and experienced management team combined with Western Steel’s special talents and history will make our company better than ever before .”

The company will operate as Western Steel and Plumbing, A DSG Company, before eventually transitioning to the DSG brand.

“We’re excited to welcome the Western Steel and Plumbing associates to the DSG team of employee-owners,” DSG President and CEO Paul Kennedy said. “The addition of Western Steel complements our existing strong electrical and waterworks presence in the state and provides a platform for further segment expansion throughout North Dakota.”

DSG is one of the Midwest’s leading distributors of innovative products and services for the electrical, plumbing, HVAC/R, utility, communications, automation, waterworks, and on-site sewer, water, and well industries. DSG is a 100% employee-owned company with more than 900 employee-owners in more than 50 locations across seven states.

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Gryphon Investors Acquires Southern HVAC | 2021-10-05 | ACHR News

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ST. LOUIS, Dec 20, 2021 /PRNewswire/ — Marcone, the leading residential appliance parts distributor and portfolio company of Genstar Capital, announced today that it has acquired Professional Plumbing Group (PPG), a distributor of plumbing products for repair and remodel applications, from Dunes Point Capital, LP .

PPG designs, manufactures, markets and distributes high-quality plumbing products. PPG’s portfolio includes products from two proprietary brands – Wolverine Brass, and Speakman – as well as third-party products across all of the leading brands. Wolverine Brass is a respected brand selling high quality plumbing products for the past 125+ years exclusively to professional plumbers and trade personnel; Speakman is a 150+ year-old brand widely known for high quality showers and other fixtures. PPG sells 20,000 SKUs to more than 10,000 customers including plumbing technicians, third-party distributors, ecommerce providers and retailers and through commercial channels such as hospitality. PPG has nearly 300 employees and is based in Concordville, PA.

Jim SouersChief Executive Officer of Marcone, stated, “PPG is a superb business and a leader in the plumbing specialty marketplace operating through highly diversified sales channels with long-established customer relationships. Its brands are well known and trusted among the trade community and is a strong strategic fit with our go forward strategy. We are excited to capitalize on increased spending on plumbing products from consumers, technicians and larger strategic accounts, and look forward to working together with PPG to accelerate growth. We are pleased to welcome PPG’s strong management team and organization to the Marcone family.”

Rob RutledgeManaging Director at Genstar Capital, said, “When we partnered with Marcone and its management team earlier this year, we knew it was a truly outstanding business in its core market with a large opportunity to expand by selling other parts and services into the home . PPG represents an exciting step into the large and fragmented plumbing market, with material revenue opportunities across the combined customer base.”

About Marcone
Marcone is an authorized distributor for major brands such as Whirlpool, Electrolux, General Electric, Maytag, Bosch, Samsung, LG and many more. Through its vast distribution network, Marcone supplies the largest inventory of original replacement parts in the country for household appliances such as refrigerators, ranges, dishwashers, microwaves, washers, and dryers. Marcone exports to over 120 countries and also operates a comprehensive training institute offering quality business and technical training. Headquartered in st louisMarcone has 12 regional distribution centers and nearly 50 retail centers.

About PPG
PPG is a distributor of plumbing products for repair and remodeling applications. PPG distributes two proprietary brands (Wolverine Brass and Speakman), along with third-party plumbing products. PPG serves ten thousand customers across four channels: direct-to-trade, commercial, ecommerce, and retail. PPG is headquartered in Concordville, PA and employs nearly 300 people. For more information, visit https://www.ppg-inc.com.

About Genstar Capital
Genstar Capital (www.gencap.com) is a leading private equity firm that has been actively investing in high quality companies for over 30 years. based in san francisco, Genstar works in partnership with its management teams and its network of strategic advisors to transform its portfolio companies into industry-leading businesses. Genstar currently has approximately $33 billion of assets under management and targets investments focused on targeted segments of the financial services, industrials, healthcare, and software industries.

Contact: Chris Tofalli
Chris Tofalli Public Relations
914-834-4334

SOURCE Marcone

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