Acquisition Timeline

A Decade of Deals

Track every major acquisition, investment, and ownership change in Tampa Bay's home-services market from 2019 to 2025.

Platform

Event Type

2017

1 event

acquisition8/2017· Pinellas

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.

2019

2 events

acquisition4/2019· Hillsborough

Wrench Group Acquires Cool Today

Wrench Group enters the Tampa Bay market with the acquisition of Cool Today, a family-owned HVAC company founded in 1963. This marks the beginning of major PE consolidation in the region.

founding8/2019· Hillsborough

Apex Service Partners Launches with Frank Gay

Alpine Investors launches Apex Service Partners with the acquisition of Frank Gay Services in Orlando, creating what would become one of the nation's largest home-services platforms with Tampa Bay presence.

2020

2 events

acquisition8/2020· Hillsborough

Wrench Group Acquires Easy A/C

Wrench Group strengthens its Tampa Bay presence by acquiring Easy A/C, founded in 2001. Easy A/C is subsequently merged with Cool Today, forming Easy CoolToday.

acquisition12/2020· Hillsborough

IES Holdings Acquires Bayonet Plumbing

Publicly-traded IES Holdings acquires an 80% ownership interest in Bayonet Plumbing, Heating & Air Conditioning, bringing corporate ownership to another Tampa Bay institution.

2021

4 events

acquisition4/2021· Hillsborough

Wrench Group Acquires Red Cap Plumbing & Air

Wrench Group adds Red Cap Plumbing & Air to its Tampa Bay portfolio, giving the platform three major local brands in the region.

acquisition8/2021· Pinellas

SGH Acquires Level Home Services

Strikepoint Group Holdings (then Horizon Group Holdings) acquires Level Home Services, establishing its first Tampa Bay foothold.

investment10/2021· Pinellas

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.

acquisition11/2021· Hillsborough

SGH Acquires Performance AC & Paradise Air

SGH acquires Performance Air Conditioning (founded 1959) and Paradise Air Inc., later merging them into a combined operation serving Hillsborough and Pinellas counties.

2022

5 events

acquisition4/2022· Pasco

BGIS Acquires Millian-Aire Enterprises

BGIS, backed by CCMP Capital, acquires Millian-Aire Enterprises, a Tampa Bay HVAC company founded in 1993 with both residential and commercial operations.

acquisition5/2022· Pinellas

SGH Acquires Pinellas Comfort Systems

SGH expands in Pinellas County with the acquisition of Pinellas Comfort Systems, one of the oldest HVAC companies in the area, founded in 1957.

acquisition5/2022· Hillsborough

Southeastern Home Services Acquires Mario's AC

Newly formed Southeastern Home Services, backed by WhitneyWilder, makes its first acquisition with Mario's Air Conditioning & Heating, launching a new PE platform in Tampa Bay.

acquisition10/2022· Hillsborough

SGH Acquires IERNA's Heating & Cooling

SGH makes its biggest Tampa Bay move, acquiring IERNA's Heating, Cooling & Plumbing, a company founded in 2003 serving Hillsborough, Pasco, and Polk counties.

investment11/2022· Hillsborough

Astara Capital Invests in Del-Air

Astara Capital Partners completes a majority investment in Del-Air Heating & Air Conditioning, transforming the Florida HVAC giant into a PE-backed acquisition platform.

2023

3 events

acquisition2/2023· Hillsborough

LTP Acquires Acree Plumbing, Air & Electric

LTP Home Services Group acquires Acree, one of Tampa Bay's most recognized tri-trade brands founded in 1967, marking LTP's entry into the market.

investment10/2023· Hillsborough

Apex Service Partners Valued at $3.4B

Alpine Investors closes a $3.4 billion single-asset continuation transaction for Apex Service Partners, highlighting the massive scale of PE investment in home services.

acquisition12/2023· Hillsborough

Del-Air Acquires Simpson Air

Del-Air, backed by Astara Capital, acquires Tampa-based Simpson Air (founded 1999) and merges it into the Del-Air brand, expanding its Tampa Bay footprint.

2024

2 events

acquisition1/2024· Pasco

P1 Service Group Acquires Cornerstone Pros

P1 Service Group expands into the Southeast with the acquisition of Cornerstone Pros in Land O' Lakes, bringing another national platform to Tampa Bay.

acquisition6/2024· Pinellas

Southeast Mechanical Acquires Climate Design

Southeast Mechanical enters the Tampa Bay market by acquiring Clearwater-based Climate Design Home Services, adding another PE-backed platform to the region.

2025

2 events

acquisition2/2025· Hillsborough

Del-Air Acquires Gator Air Conditioning

Del-Air, backed by Astara Capital, acquires Gator Air Conditioning in the Tampa/Sarasota area, continuing its bolt-on acquisition strategy.

reacquisition6/2025· Hillsborough

Air Pros USA Founder Reacquires Florida Ops

In a rare move against PE consolidation, Air Pros USA founder Anthony Perera reacquires the company's legacy Florida operations through Exuma Capital Partners after the PE-backed parent filed for bankruptcy.