• Under the terms of the agreement, ACE Solves It All will continue to operate under its current name and brand
• Gryphon is based in San Francisco and is aimed at medium-sized businesses

Southern Home Services, backed by Gryphon Investors, has acquired ACE Solves It All, a Florida-based HVAC company. No financial details were disclosed.

Southern is a home service provider.

Commenting on the deal, Jarrod Brinker, chief strategy officer, said in a statement: “As we are based in Orlando, we have long admired ACE's reputation for excellence and are pleased to have their team join Southern.” Our home office Support staff will help the company achieve its growth objectives while maintaining its local identity.”

Under the terms of the agreement, ACE Solves It All will continue to operate under its current name and brand.

Gryphon is based in San Francisco and is aimed at medium-sized businesses.

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HOCKLEY, Texas–(BUSINESS WIRE)–P3 Services, a provider of end-to-end plumbing services from installation to retrofit, maintenance, and repair services for the multi-family, light commercial, and single-family end-markets, is proud to announce the acquisition of Anchor Plumbing located in San Antonio, TX. P3 Services is a platform investment of Stellex Capital Management. This marks the 2nd acquisition by P3 in 2023, and the 11th acquisition since the initial creation of the platform. The Anchor team will remain under the operational leadership of President, Paul Arguijo. 

The recent acquisition of Anchor demonstrates P3 Services’ continued expansion into high-growth metro service areas (“MSAs”), with the goal of building geographic dominance as a one-stop-shop for end-to-end plumbing solutions in the Southeast, Southwest, and Northwest regions of the United States. At the time of its original acquisition of P3 Services, Stellex aimed to provide P3 with the capital and resources necessary to facilitate expansion through organic growth and strategic acquisitions. Over the last 18 months, P3 has materially expanded its maintenance and repair services capabilities in neighboring high-growth MSAs in an effort to create more value for its customers and provide better opportunities for its employees.

Since acquiring P3 Services in January 2022, Stellex and the newly assembled executive team have successfully completed eight acquisitions in key geographies. In leveraging the Company’s scale, geographic density, and acquisition playbook, P3 Services has become the acquirer of choice for many independent plumbing companies. As P3 Services continues evaluating acquisition targets in its pipeline, the executive team, led by Terry Young (CEO of P3), and Chad Lusco (CEO of Services Division), remains focused on M&A integration and organic growth.

“I am thrilled to continue leading this next phase of growth for the business. In partnership with Stellex and the P3 teams, we are focused on continuing our track record of strategic acquisitions, serving to expand our reach and providing the highest standard in quality and reliability for our customers,” said Mr. Lusco. “As we continue growing in our target markets, we will work alongside our customers to provide best-in-class service, from installation, to retrofit, to maintenance and repair services.”

About P3 Services

P3 Services is a provider of end-to-end plumbing services from installation to retrofit, maintenance, and repair services across multi-family residential, single-family residential and light commercial buildings. P3 operates in three markets under separate brands and entities, and shares consolidated corporate resources; the Company operates as Peltram Plumbing (“Peltram”) and Patriot Plumbing, Heating, and Cooling (“Patriot”) in the Northwest market, Precision Plumbing (“Precision”), Air Care Heating and Cooling (“Air Care”), Universal Plumbing (“Universal”), and Cottrell & Co., Inc. Plumbing (“Cottrell”) in the Southeast market, and Power Plumbing (“Power”), Premier Plumbing (“Premier”), and Anchor Plumbing (“Anchor”) in the Southwest market.

Additional information may be found at www.p3services.com.

About Stellex Capital Management LLC

Stellex is a global, multi sector investment firm with offices in New York, Detroit, Pittsburgh, and London with over $2.6 billion in assets under management. Founded in 2014, Stellex seeks to identify and deploy capital in opportunities that have the potential to provide growth, stability, and operational improvement. Portfolio companies benefit from Stellex’s industry knowledge, operating capabilities, network of senior executives, strategic insight, and access to capital. Sectors of particular focus include both tech-enabled and data services, business services, industrial manufacturing, aerospace & defense, government services, transportation, logistics and food.

Additional information may be found at www.stellexcapital.com.

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NEW YORK-(BUSINESS WIRE)-Sentinel Real Estate Corporation announced today that this is the case acquired La Via Apartments, a recently completed mid-sized 281 unit gated community in Petaluma, California. Sentinel bought the property from the sponsor, The Spanos Corporation, a leading multi-family developer in the United States, with whom Sentinel has had a long and productive relationship. La Via offered Sentinel the opportunity to acquire a well-located new build property in a desirable and highly supply-constrained sub-market.

The La Via Apartments benefit from a prime location just 40 miles north of downtown San Francisco. The property sits on the banks of the Petaluma River and offers residents direct access to the Lynch Creek Trail, a walking and biking trail that runs along the river. It’s also three blocks north of downtown Petaluma, which is home to dozens of boutique shops, restaurants, and bars. Residents also have easy access to public transportation via the Petaluma Downtown train station and the Route 101 bus service, both of which provide direct service to downtown San Francisco.

“La Via exemplifies our strategy of acquiring well-located, high-quality properties in sub-markets based on strong fundamentals and long-term tailwinds,” he said Michael Strecker, President of Sentinel. “Surrounded by sheltered parkland, the Petaluma submarket has seen few new home deliveries in recent years – averaging about 52 units per year – resulting in compelling supply/demand dynamics and steady rental growth. Single family homes for sale in the immediate vicinity start at $750,000, presenting a significant barrier to home ownership and fueling growing demand for rental properties.”

La Via Apartments consists of studio, one and two bedroom apartments averaging 924 square feet and offering beautiful views of the rolling Sonoma hills. Upscale interiors feature stainless steel appliances, quartz countertops, tiled backsplashes, smart lock keyless entry, Nest thermostats, and large washers and dryers. Some units have raised ceilings, floor-to-ceiling windows, and private patios or French-style balconies. Communal facilities include a 24-hour spa with a spinning room and yoga studio; a bocce court with fire tables, a grill pavilion, a fireplace and outdoor televisions; a coworking cafe with free Wi-Fi; a gourmet coffee bar; a balcony overlooking the river; a zen deck; a recreation room with pool table, shuffleboard, arcade games, and a kitchenette; a catering kitchen; bike and kayak storage; a pet spa; 24-hour concierge; private card controlled access to the building and amenities; and a secured, gated garage with electric vehicle charging stations.

Sentinel has been active in the Northern California market throughout its 54 year history and currently owns 6 properties in the area. The company will continue to leverage its market expertise and extensive industry relationships to identify attractive investment opportunities and expand its portfolio in the region.

About Sentinel Real Estate Corporation

Founded in 1969, Sentinel Real Estate Corporation is an independent real estate investment management firm based in New York City. The firm currently manages $9.5 billion in institutional-grade real estate assets for 113 domestic and international clients. Sentinel has offices in the United States, Amsterdam, Germany, Australia and Singapore. The company’s portfolio currently includes more than 28,000 residential units and 5.4 million square meters of commercial properties. Sentinel operates on a vertically integrated platform with 750 employees performing all phases of the investment process including on-site property management. For more information about Sentinel, visit www.sentinelcorp.com.

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The Right Time Group of Companies continues to grow in Southern Ontario with the acquisition of Guelph-based Oosterveld heating and air conditioning.

Founded in 1980, Oosterveld offers homeowners heating, cooling, air quality and hot water services for residential buildings Guelph and environment. Company management and employees will join Right Time.

Oosterveld Heating and Air Conditioning is Right Time’s 17th acquisition, its fourth since that time last year.

“We have enjoyed keeping our local friends and neighbors comfortable for over 40 years,” shared the owner Rick Oosterveld. “I am pleased that Right Time is acquiring the brand, which I expect will thrive under new ownership and continue to provide superior service to New Yorkers Guelph.”

Right Time, majority owned by San Francisco-based private equity firm Gryphon Investors, now operates from 24 locations in Canada with offices in Canada ontario, Manitoba, Saskatchewan, albertaAnd British Columbia

correct time.approx

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IPA 500 company based in San Francisco SD Mayer & Associates (FY 21 net income of $7 million) acquires San Francisco-based tax practice Seifer Murken Despina James & Teichman (SMDJT).

Founded in 1979, SMDJT initially focused on tax planning, preparation and representation. In more than 40 years, the firm has grown to provide a range of professional legal and tax advice and services to individuals and businesses throughout the Bay Area. As part of the deal, SMDJT founder Douglas Murken and partners Randy Teichman will join SD Mayer’s team to expand the firm’s reach in tax, probate, trust management and real estate transactions.

“This is a strategic move that furthers our reach and impact in the Bay Area,” said SD Mayer MP Stephen Mayer. “Doug and Randi share our culture and commitment to providing the best possible outcome for all clients.”

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The growing Southeast home services company expands into the Kentucky market

NASHVILLE, Tenn., Nov 9, 2022 /PRNewswire/ — Leap Partners, a home services company with HVAC and plumbing businesses across the Southeast, recently expanded into the Kentucky market through its acquisition of Hornback Plumbing. In addition to Hornback Plumbing, based in Elizabethtown, Ky.Leap Partners’ growing business portfolio currently includes companies located in Alabama other Tennessee.

Leap Partners (PRNewsfoto/Leap Partners)

“Over the course of nearly 20 years, Hornback Plumbing has built its brand on quality, reliable service,” Leap Partners CEO John Cerasuolo said. “Leap Partners is thrilled to have the opportunity to help Hornback take its services to a new level, and we are actively looking for more companies to join our expanding network.”

Under its new ownership, the Elizabethtown plumbing company will still operate as Hornback Plumbing, and former owners Donnie and Kim Hornback will continue to lead their team.

“Leap Partners was a great company for us to join because they know the importance of helping local businesses like ours grow while continuing to maintain strong ties to the community,” Donnie Hornback said. “They will offer us operational support that will help us better serve our customers, employees and community.”

Established in 2005, Hornback Plumbing serves Elizabethtown and surrounding communities, including Brandenburg. They offer services in the areas of plumbing and drain cleaning and are available 24/7 for emergency services. They also sell and install water heaters, softeners and filters.

About Leap Partners

Headquartered in Nashville, Tenn., Leap Partners is working to connect the best small and medium-sized HVAC, plumbing and electrical service businesses in the Southeast to build a world-class service provider. The company’s family of service businesses currently includes Conditioned Air Solutions (Huntsville, Ala.), Drain Factory (Birmingham, Ala.), George Plumbing (Hartselle, Ala.), hornback plumbing (Elizabethtown, Ky.), and Scenic City Heating & AC (Chattanooga, Tenn.). Under Leap Partners’ ownership, these businesses are committed to providing industry-leading customer satisfaction and employee engagement. For more information and to read partner testimonials, visit theleappartners.com and theleappartners.com/testimonials.

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SOURCE Leap Partners

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WOKINGHAM, ENGLAND / ACCESSWIRE / December 2, 2022 // Ferguson plc (NYSE:FERG; LSE:FERG) announces today the acquisition of Airefco, Inc., a distributor of HVAC equipment, parts and supplies in the Pacific Northwest.

Founded in 1957 as a Carrier HVAC distributor, Airefco is headquartered in Tualatin, Oregon. It employs 191 associates across eleven locations and distributes Carrier and Bryant brands to customers in Alaska, Idaho, Montana, Oregon, Washington and Wyoming.

“Airefco has a strong market reputation for quality associates, products and customer relationships,” said Kevin Murphy, Ferguson CEO. Airefco joining Ferguson will support our dual trade strategy for the plumbing and HVAC contractor and will help us accelerate the geographic expansion of our HVAC business in the Pacific Northwest. It will also provide us with a larger multi-brand footprint and an opportunity to expand the carrier network in the region’s growing residential and commercial markets.”

“Ferguson is a company that reflects much of the culture that our associates, customers, vendors and suppliers hold dear,” said JK Hussa, Airefco President and CEO. “They value person-to-person relationships and will invest wisely in Airefco’s future and continued growth.”

Ferguson is committed to growing its HVAC business, where it is one of the leading distributors in an estimated $70 billion North American market. It recently acquired Guarino Distributing Company, LLC, an HVAC distributor in Louisiana and Mississippi, in November 2022; and Aaron & Company, a plumbing and HVAC distributor in New Jersey, in May 2022.

For its HVAC business, Ferguson partners with a variety of HVAC manufacturers and distributes equipment, parts and supplies to specialty and multi-trade contractors for use in residential and commercial projects. More details on how Ferguson serves HVAC customers can be found at www.fergusonplc.com.

About Ferguson
Ferguson plc (NYSE:FERG; LSE:FERG) is a leading value-added distributor in North America providing expertise, solutions and products from infrastructure, plumbing and appliances to HVAC, fire, fabrication and more. We exist to make our customers’ complex projects simple, successful and sustainable. Ferguson is headquartered in the UK, with its operations and associates solely focused on North America and managed from Newport News, Virginia. For more information, please visit www.fergusonplc.com or follow us on LinkedIn https://www.linkedin.com/company/ferguson-enterprises.

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For further information please contact:

Cautionary note on forward-looking statements
Certain information in this announcement is forward-looking within the meaning of the Private Securities Litigation Reform Act of 1995, and involves risks, assumptions and uncertainties that could cause actual results to differ materially from those expressed or implied by forward-looking statements. Forward-looking statements cover all matters which are not historical facts and speak only as of the date on which they are made. Forward-looking statements can be identified by the use of forward-looking terminology such as “will,” “continue,” or other variations or comparable terminology. Many factors could cause our plans to differ materially from those in such forward-looking statements, including, but not limited to: the risk that the initiatives and priorities described in this announcement may be delayed, cancelled, suspended or terminated; weakness in the economy, market trends, uncertainty and other conditions in the markets in which we operate, and other factors beyond our control, including any macroeconomic or other consequences of the current conflict in Ukraine; failure to rapidly identify or effectively respond to direct and/or end customers’ wants, expectations or trends, including costs and potential problems associated with new or upgraded information technology systems; the costs and risk exposure relating to environmental, social and governance matters; adverse impacts caused by the COVID‐19 pandemic (or related variants); and other risks and uncertainties set forth in our Annual Report on Form 10-K filed with the Securities and Exchange Commission (“SEC”) on September 27, 2022, under the heading “Risk Factors,” and in other filings we make with the SEC in the future. Forward-looking statements regarding past trends or activities should not be taken as a representation that such trends or activities will continue in the future. Other than in accordance with our legal or regulatory obligations, we undertake no obligation to publicly update or revise any forward-looking statement, whether as a result of new information, future events or otherwise.

# # #

This information is provided by RNS, the news service of the London Stock Exchange. RNS is approved by the Financial Conduct Authority to act as a Primary Information Provider in the United Kingdom. Terms and conditions relating to the use and distribution of this information may apply. For further information, please contact rns@lseg.com or visit www.rns.com.

Ferguson PLC

SOURCE: Ferguson PLC

View source version on accesswire.com:
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Gryphon Investors Acquires Southern HVAC | 2021-10-05 | ACHR News

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SAN FRANCISCO, Nov. 16, 2022–(BUSINESS WIRE)–San Francisco Equity Partners (SFEP), a private equity firm focused exclusively on partnering with lower middle market companies across the consumer value chain, announced today that it has acquired DGS Retail (DGS), a leading provider of décor, signage, fixtures, displays and other critical products to customers in the grocery, retail, foodservice and consumer brand end markets. Terms of the deal were not disclosed.

From its origin as a small signage-focused business, DGS now manages a skilled workforce across multiple operating divisions and facilities that provide design, procurement, manufacturing and installation services across multiple product categories. The company provides a single source for a broad range of offerings to help customers define and improve their image, environment and consumer experience within brick-and-mortar locations.

“DGS has an impressive track record of growth built on strong, long-term relationships with a large and diverse base of national and regional customers,” said SFEP Partner David Mannix. “The DGS team has built a broad set of capabilities through both organic growth and synergistic acquisitions, which enable the company to compete and win in a large and extremely fragmented market.”

“SFEP’s experience working with both consumer brands and business-to-business companies serving consumer end markets makes this an ideal partnership for us,” said DGS CEO Peter Stevens. “Partnering with SFEP will give DGS greater access to operational resources and capital to drive growth.”

The acquisition of DGS exemplifies SFEP’s commitment to partnering with leading B2B companies serving large consumer end markets. “Through a unique combination of consumer industry experience and our operationally intensive investment approach, we are able to deliver compelling outcomes for our stakeholders,” said SFEP Managing Partner Scott Potter. “We believe DGS has tremendous growth potential and we’re excited to partner with Peter and his exceptional team.”

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About DGS Retail

DGS is a leading provider of décor, signage, fixtures, displays and other critical products to the grocery, retail, foodservice and consumer brand end markets. DGS’ operations span four divisions and over 400,000 square feet across five facilities in Massachusetts, Florida, Illinois, Wisconsin and California. The company provides a broad range of solutions and is one of only a few companies that can deliver décor, signage, fixtures, and displays at scale to national and large regional customers. For more information, visit www.customretailbydgs.com.

About San Francisco Equity Partners

San Francisco Equity Partners is a private equity firm focused exclusively on partnering with lower middle market companies across the consumer value chain. To each of its partner companies, SFEP serves as an extension of the management team and provides both extensive operating experience and a broad network of relationships across the consumer products landscape. For more information, please visit www.sfequitypartners.com.

View source version on businesswire.com: https://www.businesswire.com/news/home/20221116005171/en/

Contacts

Jeff Fox
The Blueshirt Group (for San Francisco Equity Partners)
415-828-8298
jeff@blueshirtgroup.com

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PLYMOUTH, Minn. — Dakota Supply Group on Thursday announces its acquisition of Western Steel and Plumbing.

Western, founded in 1949, is a leading distributor of plumbing and HVAC products with two locations in Bismarck and Minot, North Dakota.

“After three generations as a family business and personally 50 years as an employee of Western Steel, I know the time has come to depart and watch the business grow and prosper in the future,” said Western owner Maury Kamins. “I am so proud of our existing staff, a group I would call one of the best in our industry with DSG’s diverse product offerings, excellent website, superior purchasing power, and experienced management team combined with Western Steel’s special talents and history will make our company better than ever before .”

The company will operate as Western Steel and Plumbing, A DSG Company, before eventually transitioning to the DSG brand.

“We’re excited to welcome the Western Steel and Plumbing associates to the DSG team of employee-owners,” DSG President and CEO Paul Kennedy said. “The addition of Western Steel complements our existing strong electrical and waterworks presence in the state and provides a platform for further segment expansion throughout North Dakota.”

DSG is one of the Midwest’s leading distributors of innovative products and services for the electrical, plumbing, HVAC/R, utility, communications, automation, waterworks, and on-site sewer, water, and well industries. DSG is a 100% employee-owned company with more than 900 employee-owners in more than 50 locations across seven states.

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