Acquisitionverified
Strikepoint acquires Largo-based Paradise Air, its eighth deal of 2021
What happened. Strikepoint Group Holdings acquired Paradise Air, Inc., a Largo residential HVAC contractor founded in 2010 by Jill and Tim O'Connell serving Pinellas and Hillsborough counties. Tim O'Connell said 'Like Strikepoint, we've built our business by treating each customer as a family member,' and CEO Charlie Haines said SGH was 'happy to bring Paradise Air into the Strikepoint family of brands.' The brand was retained. SGH described itself as a 1987-founded, Newark, Delaware-headquartered operator active in nine states at the time. Terms were not disclosed.
Parties
- Company
- Paradise Air · Largo, Pinellas County
- Buyer
- Strikepoint Group Holdings, LLC
- Capital
- New Mountain Capital, LLC
- Price
- Not disclosed
The name on the truckParadise Air
Largo, Pinellas County
Operating ownerStrikepoint Group Holdings, LLC
Newark, DE
Capital behind it
New Mountain Capital, LLC
New York, NY
Other Tampa Bay brands under Strikepoint Group Holdings, LLC: IERNA's Heating, Cooling and Plumbing, Pinellas Comfort Systems, Performance Air Conditioning, Electrical & Plumbing, Elite Home Services, Mr. AC Cooling & Heating, Elite Heating and Air, IERNA's Heating, Cooling & Plumbing.
What this kind of deal tends to mean for customers and staff: pricing · sales pressure · technicians · the exit clock.
Sources Verified — primary document
- WebWire (2021-11-03) — press release. Primary announcement with founders, founding year, quotes and SGH background
- Strikepoint Group Holdings (2026-09-09) — platform site. Acquisition index entry: Largo FL, November 3 2021
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