Curated news covering acquisitions, regulatory developments, and community responses in the Tampa Bay home-services market.
Private equity-backed consolidators completed over 200 HVAC acquisitions in 2024 alone, with 2026 expected to continue the trend. Tampa Bay HVAC, plumbing, and electrical businesses are selling for premium multiples.
Companies in HVAC, plumbing, electrical contracting and general construction continue to attract premium valuations from national buyers, with Tampa Bay remaining a hotspot for home-services M&A.
Nexstar Network, one of the largest trade associations for residential HVAC, plumbing, and electrical contractors, removed all private equity-backed members from its network, signaling growing pushback against PE consolidation in the home-services industry.
Anthony Perera, founder of Air Pros USA, has successfully reacquired the company's legacy Florida operations through Exuma Capital Partners. This rare founder-led reacquisition comes after the PE-backed parent company faced financial difficulties and filed for Chapter 11 bankruptcy.
Columbia Home Services and P1 Service Group are set to merge in a deal valued at approximately $325 million including debt, creating a larger PE-backed home-services platform.
Del-Air Heating & Air Conditioning, backed by Astara Capital Partners, has acquired Gator Air Conditioning, an HVAC company with over 20 years of experience serving Tampa Bay families.
P1 Service Group announced its partnership with Cornerstone Pros in Land O' Lakes, FL, expanding the Chicago-based platform's footprint into the Tampa Bay area.
Southeast Mechanical (SEM) acquired Clearwater-based Climate Design Home Services, marking SEM's entry into the Tampa Bay market and adding another PE-backed platform to the region.
Del-Air Plumbing, Air Conditioning and Electric acquires Tampa-based Simpson Air, founded in 1999, merging it into the Del-Air brand as part of its Astara Capital-backed expansion strategy.
Newly formed Southeastern Home Services, backed by WhitneyWilder, acquires Mario's Air Conditioning & Heating as its first portfolio company, launching a new PE platform in Tampa Bay.
BGIS, a portfolio company of CCMP Capital, acquires Millian-Aire Enterprises, a Tampa Bay HVAC company with both residential and commercial operations founded in 1993.
Strikepoint Group Holdings acquires Performance Air Conditioning (founded 1959) and Paradise Air Inc. in Tampa Bay, later merging the two companies into a combined operation.
Wrench Group acquires Red Cap Plumbing & Air in Tampa, adding a third major local brand to its Tampa Bay portfolio alongside Cool Today and Easy A/C.