Southern Home Services
Backed by Gryphon Investors
History & Strategy
Southern Home Services (formerly Southern HVAC) was formed as a regional home-services platform. The company acquired FAST of Florida and Patrick's Heating & AC in August 2017, making it one of the earliest PE-backed platforms in the Tampa Bay area. Gryphon Investors completed a majority investment in October 2021.
Business Model
Southern Home Services operates a multi-brand platform model, acquiring established local HVAC, plumbing, and electrical companies across the Southeast and Texas while retaining local brand identities.
PE Backer: Gryphon Investors
Gryphon Investors is a San Francisco-based private equity firm focused on middle-market investments. They completed a majority investment in Southern Home Services in October 2021.
Operational Practices
Multi-brand platform, centralized marketing and procurement, expanded service offerings, regional growth strategy across Southeast and Texas.
Tampa Bay Portfolio
Timeline
Southern HVAC Acquires FAST of Florida
Southern HVAC (now Southern Home Services) acquires FAST of Florida, one of the earliest PE-backed acquisitions in the Tampa Bay home-services market. This predates the major consolidation wave by two years.
Gryphon Investors Acquires Southern Home Services
Gryphon Investors completes a majority investment in Southern Home Services (which owns FAST of Florida), adding another layer of PE ownership to the Tampa Bay market.