Performance Air Conditioning, Electrical & Plumbing
Overview
Performance Air Conditioning, Electrical & Plumbing has served the Tampa Bay area since 1959. One of the region's longest-operating home-services companies, now part of the Strikepoint Group Holdings platform.
Ownership History
Founded in 1959 as a local HVAC company. Acquired by Strikepoint Group Holdings in November 2021. Also merged with Paradise Air Inc. to expand service offerings.
Deal Details
Acquired by SGH (then Horizon Group Holdings) in November 2021. Paradise Air was subsequently merged into Performance AC's operations.
Operational Changes
Brand name retained. Merged with Paradise Air Inc. to expand service territory. Integrated into SGH's centralized platform with shared marketing and procurement.
Market Impact
Performance AC's acquisition added one of Tampa Bay's oldest HVAC brands to the SGH portfolio, further consolidating the market.
Key Events
SGH Acquires Performance AC & Paradise Air
SGH acquires Performance Air Conditioning (founded 1959) and Paradise Air Inc., later merging them into a combined operation serving Hillsborough and Pinellas counties.
Parent Platform
Strikepoint Group Holdings (SGH)
Backed by New Mountain Capital