Charlesbank Capital Partners
Boston, MA · ~$10-100B AUM
Why it invests in the trades
Acquired ARS/Rescue Rooter in 2014 and held it through a national buildout to 70+ service centers in 23 states. In 2020 it executed an unusual structure: it sold the company to GI Partners and simultaneously made a new co-investment alongside the buyer, with management reinvesting significantly from sale proceeds — so Charlesbank both exited and stayed in.
Platforms in Tampa Bay (1)
American Residential Services (ARS / Rescue Rooter)
Local brands ultimately backed by Charlesbank Capital Partners (1)
Unique Air Services
Deals
- Acquisition Unique Air Services → American Residential Services (ARS / Rescue Rooter) (backed by Charlesbank Capital Partners)
Notable exits — what happened next
How this investor has behaved when the clock ran out elsewhere.
- American Residential Services (ARS/Rescue Rooter) (2020) → GI Partners. Charlesbank sold control to GI Partners in September 2020 while co-investing in the new structure; ARS continued operating under the ARS and Rescue Rooter master brands rather than local names, and continued acquiring (for example ESCO Heating, Air Conditioning, Plumbing and Electric). [source]
Frequently asked
What does Charlesbank Capital Partners own in Tampa Bay?
Unique Air Services, through American Residential Services (ARS / Rescue Rooter).
Is Charlesbank Capital Partners a private-equity firm?
Yes.
How long will Charlesbank Capital Partners hold these companies?
Private-equity funds typically target a 3–7 year hold before a sale, recapitalization or continuation fund. See "Notable exits" for how this investor has behaved before, and Debt, exits and the 5-year clock.
Sources Verified — primary document
- Charlesbank Capital Partners — press release. 2014 entry, 2020 sale-and-co-invest, still current
- GI Partners (2020-09-15) — press release. Deal date and ARS scale
Researcher notes: AUM band from general knowledge.
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