Midway Services, Inc.
Plumbing / Electrical / HVAC · Clearwater, Pinellas County · Founded 1957
About the company
Clearwater-based residential services contractor founded in 1957, offering plumbing, electrical, remodeling and HVAC services across the Tampa Bay and Clearwater markets. It was the largest of the Florida businesses Service Experts bought in its September 2018 expansion round.
Ownership history
- Acquisition Service Experts Heating & Air Conditioning
What changed after the sale
Service Experts VP of business development Todd Berkland framed the round as an expansion of plumbing capability, saying the company was 'excited for these opportunities as we expand our footprint to offer plumbing services to our valued customers.' Across the three companies announced that day Service Experts added roughly 247 employees and 184 service vehicles, taking it to 94 US and Canadian locations. Service Experts operates a Tampa Bay branch under its own brand; the extent to which the Midway name was retained after 2018 is not established in the sourced material.
Only sourced observations are listed. Customers and employees can add what they saw.
Who really profits
Money paid to Midway Services, Inc. now flows to Service Experts Heating & Air Conditioning (Plano, TX). One of the largest residential HVAC service networks in North America, owned by Lennox International until 2013 and then by American Capital before a 2016 exit. It acquires established local contractors to add density and, in the 2018 round, specifically to add residential plumbing capability to existing HVAC branches. VP of business development Todd Berkland described the Florida, Georgia and Texas round as expanding its footprint 'to offer plumbing services to our valued customers.' After that round it had 94 US and Canadian locations.
Capital events at the platform level: 2016-03-01 exit — American Capital exited its ownership of Service Experts; 2013-03-22 new sponsor — Lennox International completed the all-cash sale of Service Experts to a majority-owned entity of American Capital Ltd., together with a two-year equipment supply agreement; terms not disclosed.; 2013-03-22 exit — Lennox sells the Service Experts residential network to an American Capital entity. Lennox International announced it had closed an all-cash sale of its Service Experts residential HVAC and plumbing service business to a majority-owned entity of American Capital, Ltd., alongside a two-year equipment supply agreement. Terms of both the sale and the supply agreement were undisclosed. Service Experts had been part of Lennox since its 1999 purchase of the Service Experts consolidator. The deal matters to Tampa Bay retrospectively: in September 2018 Service Experts acquired two established local companies, Midway Services of Seminole/Clearwater and The Pink Plumber of Tampa, both of which are already in this dataset..
Read more: why prices rise after a sale · debt, exits and the 5-year clock.
Same owner, different name
Other Tampa Bay brands controlled by Service Experts Heating & Air Conditioning. Getting a "second opinion" from one of these is not a second opinion.
Frequently asked
Who owns Midway Services, Inc.?
Midway Services, Inc. is owned by Service Experts Heating & Air Conditioning, a strategic contractor headquartered in Plano, TX. The sale was announced September 13, 2018.
Is Midway Services, Inc. private equity owned?
Midway Services, Inc. was acquired by Service Experts Heating & Air Conditioning, which we classify as strategic contractor rather than a private-equity platform, based on the sources listed below.
Is Midway Services, Inc. locally owned?
Not in the sense most homeowners mean. Control sits with Service Experts Heating & Air Conditioning in Plano, TX, although the local brand name is still used.
When was Midway Services, Inc. sold?
September 13, 2018 (announcement date).
Did Midway Services, Inc. change its name after the sale?
We have not confirmed either way.
Sources Reported — credible press
- ACHR News (2018-09-13) — trade press. Names Midway Services of Clearwater, founded 1957, service lines, Berkland quote, headcount and fleet totals
- Service Experts — platform site. Confirms Service Experts operates a Tampa Bay location
Researcher notes: brand_retained left null — no source states whether the Midway Services name was kept or folded into Service Experts Tampa Bay.
See something wrong? Request a correction — we publish our corrections log.
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