FAST of Florida
Overview
FAST of Florida is a full-service HVAC, plumbing, electrical, and drain company serving the Tampa Bay area. One of the earliest PE acquisitions in the region, dating back to 2017.
Ownership History
Founded in 1972 as a locally-owned HVAC company. Acquired by Southern Home Services (then Southern HVAC) in August 2017. Southern Home Services was subsequently acquired by Gryphon Investors in October 2021.
Deal Details
Acquired by Southern HVAC in August 2017 alongside Patrick's Heating & AC. Gryphon Investors completed a majority investment in Southern Home Services in October 2021.
Operational Changes
Brand name retained. Integrated into Southern Home Services platform. Expanded service offerings to include plumbing, electrical, and drain services. Centralized marketing and procurement.
Market Impact
FAST of Florida was one of the earliest PE acquisitions in the Tampa Bay home-services market, predating the major consolidation wave of 2019-2022.
Key Events
Southern HVAC Acquires FAST of Florida
Southern HVAC (now Southern Home Services) acquires FAST of Florida, one of the earliest PE-backed acquisitions in the Tampa Bay home-services market. This predates the major consolidation wave by two years.
Gryphon Investors Acquires Southern Home Services
Gryphon Investors completes a majority investment in Southern Home Services (which owns FAST of Florida), adding another layer of PE ownership to the Tampa Bay market.
Parent Platform
Southern Home Services
Backed by Gryphon Investors