MSouth Equity Partners
Atlanta, GA · ~$<1B AUM
Why it invests in the trades
Atlanta firm that built Southern HVAC into a 15-brand, 650+ employee Southeast/Texas platform before selling control to Gryphon Investors in 2021. Its portfolio page also lists Southern Air & Heat Holdings.
Platforms in Tampa Bay (2)
Southern HVAC / Southern Home Services Corp.
Southern Home Services (formerly Southern HVAC Corporation)
Local brands ultimately backed by MSouth Equity Partners (1)
FAST of Florida, Inc.
Deals
- Recapitalization Southern Home Services (formerly Southern HVAC Corporation) (backed by Gryphon Investors) · 650 employees
- Acquisition FAST of Florida, Inc. → Southern HVAC / Southern Home Services Corp. (backed by MSouth Equity Partners) · 46 employees
Notable exits — what happened next
How this investor has behaved when the clock ran out elsewhere.
- Southern HVAC Corporation (2021) → Gryphon Investors. Gryphon took majority control in October 2021. The 15 brands MSouth had assembled continued to operate under their existing names and management; Gryphon placed them under the NAEHS holding company alongside Canada's Right Time. [source]
Frequently asked
What does MSouth Equity Partners own in Tampa Bay?
FAST of Florida, Inc., through Southern HVAC / Southern Home Services Corp. and Southern Home Services (formerly Southern HVAC Corporation).
Is MSouth Equity Partners a private-equity firm?
Yes.
How long will MSouth Equity 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 Reported — credible press
- PR Newswire / Gryphon Investors (2021-10-04) — press release. MSouth named as Atlanta-based seller
- MSouth Equity Partners — press release. Southern Air & Heat Holdings portfolio page
- Benchmark International (2018-01-16) — press release. Names Southern Air & Heat Holdings as an MSouth Equity Partners portfolio company; Trevor Talkie quote
Researcher notes: AUM band is an estimate, not sourced. | Single source for the MSouth relationship. AUM band is an approximation, not sourced.
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