A fast-growing Southern California construction company has expanded into Sonoma County, serving a market familiar to the founder.

San Diego-based Same Day Heating, Cooling, Plumbing opened a second location in Windsor in January, according to an announcement Friday. The 5,000-square-foot location at 600 American Way employs 22 people, the company told the Business Journal.

Owner Jonathan Winterstellar was general manager of One Hour Heating & Air Conditioning in Santa Rosa for a year and later held the same position for four and a half years at the company now called Moore Home Services, also in Santa Rosa, the Journal reported. He founded Same Day in early 2019 in his hometown of San Diego and left Moore shortly after it was acquired by a private equity fund in 2019, according to the press release and Journal reporting.

“I am thrilled to be back in the North Bay, a region I know and love,” Wintersteller said in the announcement. “At Same Day, we're not just about providing service; we want to create a different culture in the HVAC industry. Our focus is on building personal relationships with our customers and creating a work environment where our team is valued. I look forward to bringing that ethos to the North Bay region.”

Same Day ranked 84th on Inc. magazine's list of fastest-growing independent companies in the Pacific Rim in 2024, with revenue growth of 165% during 2021-2023. With the new Windsor location, the company employs 94 people.

Moore made the Inc. 5000 list for the sixth and final time in 2019, ranking 1,999th with three-year revenue growth of 201%. He finished 2018 with revenue of $27.6 million and 140 employees, the Journal reported.

The company is led by President and CEO Zachary Johnson, who most recently served as general manager for Republic Services' California and Utah operations, according to Same Day. Johnson holds a master's degree in sports management and an MBA from the University of Michigan.

Jeff Quackenbush covers wine, construction and real estate. Reach him at jquackenbush@busjrnl.com or 707-521-4256.

Correction, March 12, 2024: Jonathan Winterstellar's name was misspelled.

The post Quick-growing Southern California contractor expands to Sonoma County appeared first on DAILY SAN FRANCISCO BAY NEWS.

• 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.

The post Gryphon-backed Southern Residence Providers acquires HVAC agency ACE Solves It All appeared first on DAILY SAN FRANCISCO BAY NEWS.

A man watches the blue supermoon rise in San Pedro, CA, Wednesday, August 30, 2023.  It was the second full moon of August, thus the blue label. And it was unusually close to Earth, therefore a supermoon. The next blue supermoon isn’t until 2037. But another regular supermoon is on the horizon at the end of September, the last one of the year.  (Photo by David Crane, Los Angeles Daily News/SCNG) (Photo by David Crane, Los Angeles Daily News/SCNG)

A plane flies past the blue supermoon in front of Orange Grove Elementary in Whittier on Wednesday, August 30, 2023. (Photo by Keith Birmingham, Pasadena Star-News/ SCNG)

A rare blue supermoon — the closest full moon of the year — dazzled stargazers in Southern California and around the world pn Wednesday night.

Saturn joined the celestial spectacle, visible alongside the moon, at least where skies were clear.

It was the second full moon of August, thus the blue label. And it was unusually close to Earth, therefore a supermoon.

A blue supermoon rises over the Korean Friendship pagoda in San Pedro, CA, Wednesday, August 30, 2023.  It was the second full moon of August, thus the blue label. And it was unusually close to Earth, therefore a supermoon. The next blue supermoon isn’t until 2037. But another regular supermoon is on the horizon at the end of September, the last one of the year.  (Photo by David Crane, Los Angeles Daily News/SCNG)

The moon appeared to be bigger and brighter than usual, given its close proximity to Earth: just 222,043 miles or so. The Aug. 1 supermoon was more than 100 miles farther away.

If you missed it, it will be a long wait: The next blue supermoon isn’t until 2037.

But another regular supermoon is on the horizon at the end of September, the last one of the year.

A blue supermoon rises above Yucaipa on Wednesday, August 30, 2023.  (Photo by Charles L Convis)
A blue supermoon rises above Yucaipa on Wednesday, August 30, 2023. (Photo by Charles L Convis)
A supermoon rises over Petronas Twin Towers in Kuala Lumpur, Malaysia Thursday, Aug. 31, 2023. The cosmic curtain rose with the second full moon of the month, also known as a blue moon. A little bigger and brighter thanks to its slightly closer position to Earth. (AP Photo/Vincent Thian)
A super blue moon is seen above the stadium lights during the game between the Dodgers and the Arizona Diamondbacks on Wednesday night at Dodger Stadium. (Photo by Kevork Djansezian/Getty Images)
A supermoon rises over a headstone at a cemetery in Sydney, Australia, Thursday, Aug. 31, 2023. The cosmic curtain rose with the second full moon of the month, also known as a blue moon. A little bigger and brighter thanks to its slightly closer position to Earth. (AP Photo/Mark Baker)
A blue supermoon rises over downtown Houston on the Buffalo Bayou Trail on Wednesday, Aug. 30, 2023 in Houston. (Elizabeth Conley/Houston Chronicle via AP)
SAN RAFAEL, CA – AUGUST 30 A man sits on a rock along the San Francisco Bay Trail as he watches the blue supermoon rise in San Rafael, Calif. on Wednesday, Aug. 30, 2023. (Alan Dep/Marin Independent Journal)
A supermoon rises over Petronas Twin Towers in Kuala Lumpur, Malaysia Thursday, Aug. 31, 2023. The cosmic curtain rose with the second full moon of the month, also known as a blue moon. A little bigger and brighter thanks to its slightly closer position to Earth. (AP Photo/Vincent Thian)
The blue supermoon is seen over the skyline in Jakarta, Indonesia, Thursday, Aug. 31, 2023. (AP Photo/Achmad Ibrahim)
A peacock sits on a chimney as a nearly full moon rises behind it, in Hyderabad, India, Wednesday, Aug. 30, 2023. August 30 will see the month’s second supermoon, when a full moon appears a little bigger and brighter thanks to its slightly closer position to Earth. (AP Photo/Mahesh Kumar A.)

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The post Blue supermoon dazzles Southern California and viewers all over the world – Day by day Information appeared first on DAILY SAN FRANCISCO BAY NEWS.

Where there’s smoke: A thick black plume rising over East Palestine, Ohio on February 6 after some 50 cars on a Norfolk Southern train derailed. (Gene J. Puskar / AP)

Before February 3, East Palestine, Ohio, was the kind of place that balanced bucolic idyll with the convenience of urban living. The town, home to fewer than 5,000 people, is both far enough from Pittsburgh and close enough to it for residents to be able say, “We’re a bit in the city, but we’re a bit in the country.” That was before a portion of a 150-car freight train slipped off a track and burst into flames.1

Additional reporting and research by Andrea Navarro and Jesse Newman.

In the wake of the derailment, East Palestine was transformed into a vision from the Book of Revelation. “That fire was pretty long. It was, what, three or four city blocks long,” said Jim Figley, a lifelong East Palestinian who owns the Sparografix sign shop, a few hundred feet from the crash site. “It was like a horror show.”2

The locals had good reason to be terrified: The train was packed with toxic chemicals. So did Norfolk Southern, the railroad that’s potentially liable for the crash, and the company quickly took responsibility for the cleanup. At a Senate hearing just over a month later, Norfolk Southern’s CEO, Alan Shaw, said he wanted to “make it right.” (This is a sound bite that has been repeated over and over in the media—even Norfolk Southern’s cleanup website is called “Making It Right.”) Shaw told Senator Bernie Sanders that everything was on the table in terms of providing for all of the town’s health care needs. “I am going to see this through. There are no strings attached to our assistance—if residents have a concern, we want them to come talk to us,” he said in prepared testimony.3

Who’s sorry now: Norfolk Southern CEO Alan Shaw promised Senator Bernie Sanders that the company would provide for all the town’s health care needs. (Aaron Schwartz / Xinhua)

What Shaw hadn’t told the senators was that within hours of the derailment, Norfolk Southern had hired the Center for Toxicology and Environmental Health (CTEH), a company with a long history of questionable practices, to conduct the air monitoring that helped to indicate whether the air was safe to breathe.4

On February 8, the governors of Ohio and Pennsylvania told residents that it was safe to come back—partly on the strength of the CTEH data. Yet after they returned home, East Palestinians began reporting headaches, respiratory issues, and rashes, among other symptoms. Figley’s wife, who works next to the crash site, said she had trouble breathing when she returned to work.5

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None of this should have come as a surprise. Eleven of the derailed cars had been full of toxic chemicals like butyl acrylate, ethylene glycol monobutyl ether, ethylhexyl acrylate, and isobutylene. The worst among them was vinyl chloride. When vinyl chloride is inhaled at high concentrations, people have reported tasting something sweet, as well as, according to the Centers for Disease Control and Prevention, dizziness, drowsiness, headaches, and hallucinations. The gas is quickly dissolved in the blood and spreads from the lungs to the liver, spleen, kidneys, and brain. If inhaled in high enough doses, vinyl chloride depresses the central nervous system and can be fatal.6

The effects of long-term exposure to vinyl chloride are horrific. It can warp the skin and bones of the hand, maim the lungs, and promote cancers in the brain and liver. In pregnant women, it crosses the placenta and enters fetal blood. In animal studies, the chemical has reduced the weight of the testes and the speed with which they are able to regenerate; the CDC says that men who work with the chemical have experienced a loss of sex drive.7

In East Palestine, the chemicals quickly killed more than 43,700 fish as well as other wildlife. The last residents near the site were evacuated on February 5. A day later, chemicals from the derailed cars were dumped into a trench and burned. The thick black plume of smoke could be seen all around town.8

Nothing to worry about? Concerned East Palestine residents gather at an informational meeting called by River Valley Organizing. (Rebecca Kiger for The Washington Post via Getty Images)

In a promotional video for Norfolk Southern released on February 21 and staged to look like a news clip, Sarah Burnett, a scientist at CTEH, tells residents, “We have detected no vinyl chloride or other constituents related to this incident in the air” and that “all of our air monitoring and sampling data collectively do not indicate any short- or long-term risks to [residents], their children, or their families.”9

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The CTEH air monitoring data is posted on the “Making It Right” website. Green dots on maps of the town indicate no chemicals in the air. Until recently, three yellow or blue dots inside the cleanup site indicated low or moderate levels of chemicals in the air. For people who might be concerned, the website assured them that “these detections do not extend beyond work area boundaries and pose no health risk to the community.” The narrator of the Norfolk Southern video says, news-anchor style, “They’ve collected hundreds of thousands of data points, giving them the confidence to say the air is safe.”10

But people still felt sick, and CTEH’s monitors—which are being called “independent” even by the Environmental Protection Agency, despite CTEH having been chosen and paid for by Norfolk Southern—were deployed around the cleanup site. “Some residents have been affected by odors of butyl acrylate, a simple irritant also involved in the derailment, at levels that would present a nuisance odor,” Dr. Paul Nony, one of CTEH’s principal toxicologists, wrote in an e-mail to The Nation. Calling in to Glenn Beck’s radio show, Katlyn Schwarzwaelder, a dog breeder in East Palestine, said a CTEH monitor had come to her home to test the air and tried to get her to sign a waiver indemnifying Norfolk Southern. (“A small batch of mistaken forms…were removed from circulation as soon as the issue was noticed,” Connor Spielmaker, a media relations manager for Norfolk Southern, told The Nation when asked about the forms.)11

Amanda Kiger, co–executive director of River Valley Organizing, an Ohio community group, said trust in both the government and big business is nonexistent in an area known historically for resource extraction. In the weeks after the crash, people returned home to find a rainbow of chemicals in a creek called Sulphur Run. “All the while, they’re saying there’s nothing to see here,” Kiger said. “Everything’s good.”12

The fire this time: A drone photo taken on February 3 shows the extent of the East Palestine wreck—with portions of the train still on fire. (Gene J. Puskar / AP)

But viewers were left to wonder: Who is CTEH? The video didn’t acknowledge that Norfolk Southern had hired the company, whose name has the ring of a government agency. “CTEH has decades of experience handling toxicology and environmental health issues in communities around the country, working with a variety of government services and businesses,” the video’s narrator says, but there’s no further elaboration.13

Since CTEH’s founding in 1997, disasters and their toxic health effects have been its bread and butter. Legal documents show that in the late 1990s, CTEH was retained by law firms representing Big Tobacco and provided testimony raising doubts about the risks of secondhand smoke.14

The fire last time: A Coast Guard photo of the Deepwater Horizon rig, which leaked 1,000 barrels of oil a day into the Gulf of Mexico in April 2010.

CTEH has been hired during some of the worst environmental disasters in American history—often by the very companies that caused them. CTEH conducted environmental testing after an oil storage tank spilled into a New Orleans suburb during Hurricane Katrina in 2005, and again after the Deepwater Horizon explosion spewed billions of gallons of crude oil into the Gulf of Mexico in 2010. When ExxonMobil’s Pegasus pipeline burst in Mayflower, Ark., in 2013, CTEH did the monitoring. And in Paulsboro, N.J., in 2012, CTEH employees monitored a Conrail crash site where vinyl chloride was released into the atmosphere.15

During each of these incidents, CTEH was criticized by environmental groups or government agencies, and residents or workers reported becoming sick after they were told it was safe to return to normal life. In 2012, another derailed train—this time in Kentucky—blew up after an air monitor employed by CTEH indicated it was safe to ignite a cutting torch. Two cleanup workers were disfigured for life and settled a lawsuit against CTEH and the rail companies in 2016. (Nony disputed the criticisms of CTEH in all of these instances; in Kentucky, he insisted, the CTEH employee had not given the OK.)16

East Palestine residents are now calling for truly independent testing—paid for by Norfolk Southern but administered by independent scientists—followed by years of medical monitoring. It could take that long to determine whether residents have been affected by dioxin poisoning. (“All environmental monitoring activities performed by CTEH are done so under plans approved by and frequently in concert with the U.S. EPA, and Unified Command in East Palestine,” said Spielmaker, the Norfolk Southern spokesperson.)17

Even though Ohio Governor Mike DeWine reported that the state EPA’s tests at the five wells that feed into East Palestine’s municipal water supply have all come back clean, it can take months before chemicals enter the water supply. A Purdue University scientist who has collected and analyzed samples told Indianapolis’s WRTV in March that he was “shocked at how much contamination remained in the creeks…and how the public wasn’t warned about these issues.” In the meantime, a hazardous waste incinerator in nearby East Liverpool that has been repeatedly accused of emitting gases containing high levels of toxic chemicals—violating the Clean Air Act nearly 200 times between 2010 and 2014 alone, according to the EPA—was selected to burn the toxic dirt.18

In previous cases involving CTEH, when independent monitoring of the type sought by the residents of East Palestine has been done, the company’s monitoring data has often been found unreliable.19

For the most part, such independent monitoring has taken place as a result of local initiatives. In Kingston, Tenn., a coal ash storage facility crumbled in 2008, releasing a tide of toxic chemicals. In the aftermath, the authority responsible for the spill hired CTEH to do air monitoring. When advocates who criticized CTEH’s practices started doing their own monitoring, they were harassed by local police, and one member was arrested. In the decade and a half since, more than 50 workers who were involved in the cleanup effort have died, and hundreds of others have been sickened by respiratory and other diseases linked to coal ash chemical exposure. (Nony said that CTEH was not involved in monitoring the work area.) “One of the lessons we learned was: The more they tell you it’s all right, the worse it is,” said Chris Irwin, a lawyer who represented the independent monitors.20

MORE FROM Nicolas Niarchos

A survey of CTEH’s history indicates that the company has a record of playing down serious health and safety threats to residents and workers. As Anne Rolfes, an activist who criticized the work of CTEH in 2005, told The Nation, “They’re in the business of not finding a problem.”21

Responding to these allegations, Nony wrote that “CTEH’s results and methodologies do not depend upon who has hired CTEH. We report the health risks that are indicated by the data we collect.” He insisted that CTEH has found health risks on nearly every project the company has worked on in the past 25 years. “CTEH reports the results to regulators, provides scientific interpretation of the results, and is not involved in downplaying or otherwise commenting on the results beyond scientific interpretation,” Nony said.22

The story of CTEH is in many ways the story of the United States in the early decades of the 21st century. The US government and US companies have come to rely on contractors for just about everything: for defense, intelligence, technology, and—with companies like CTEH—disaster response. (A subsidiary of another company involved in the monitoring in East Palestine was sued by the US Department of Justice.)23

“I believe consulting firms like CTEH are tangled in irreparable conflicts of interest,” David Michaels, the head of the Occupational Safety and Health Administration during the Obama years, recently wrote in Time. “If they produce results showing the clients’ products are harmful, it seems likely that their client base would quickly disappear.” Nony disputed this characterization: “CTEH’s fees are paid for the work we perform, not the results of our work,” he wrote to The Nation. “The data generated by CTEH are scrutinized by other third parties, and the data speak for themselves.”24

In East Palestine, as elsewhere, money provides its own logic. Huge quantities of vinyl chloride are transported in pressurized rail tanks around the United States every year. The chemical is used to make PVC, a plastic used in plumbing, electrical lining, and simulated leather products. In 2019, the US produced 7.2 million metric tons of PVC, with a value of around $6.2 billion. This is not a market that will sit around and wait for East Palestine to be cleaned up.25

“If you want reliable independent monitoring, you should have independent monitors, not people who are hired by one of the parties,” Stanton Glantz, a retired professor at UC San Francisco and cofounder of its Truth Tobacco Industry Documents Library, said recently. “He who pays the piper calls the tune.”26

The post In East Palestine, Norfolk Southern Employed a Firm With a Lengthy Historical past of Ignoring Hazards appeared first on DAILY SAN FRANCISCO BAY NEWS.

As of Saturday, there are flood warnings for 21 million people across Southern California, including Los Angeles and San Diego. Flooding, downed trees and damaged power lines were likely through Saturday morning as the storm swept across the state, the National Weather Service said.

The heaviest rain in the state was expected on Saturday morning. So far, Topanga has received 9.36 inches of rain, while Pasadena and Los Angeles have received 3.62 and 3.46 inches, respectively. Another 1 to 4 inches are possible.

Across the country, half a million homes and businesses in southern Michigan were left without power as of Friday night after an ice storm battered the region, and officials warned power could not return for many until Sunday.

In Michigan, about 500,000 utility customers were out of power Friday, according to poweroutage.us, with outages reported from Lake Michigan to Lake Erie. Over much of the region, temperatures should drop into the 20s overnight and drop into the teens with the wind chill, the National Weather Service said.

Mark Miller clears debris after ice storm damage in Kalamazoo Township, Michigan (Rodney Coleman-Robinson/MLive.com/Kalamazoo Gazette via AP file)

Almost 400,000 were left without power as of Saturday night, according to poweroutage.us.

Light snowfall was expected across much of the area, according to the agency.

In Lansing, city officials initiated a “Code Blue” plan to respond to cold weather, repurposing libraries, community centers and other buildings as heat centers. County officials also opened warm centers in Lenawee County and the Red Cross operated a 24-hour shelter.

Officials urged Kalamazoo residents to prevent frozen pipes by opening cupboards around their lines and running a “pencil-sized” stream of water from a faucet if their internal temperature dropped below 32 degrees.

In Jackson, south of Lansing, resident George Ellis cooked outside on a gas-powered grill while a generator provided enough electricity to keep a refrigerator and space heater running, Lansing-based NBC affiliate WILX reported.

The story goes on

When the broadcaster asked how he and his wife were doing, he answered with a single word: cold.

Garrick Rochow, chief executive officer of the state’s largest utility, Consumers Energy, said Friday that power would be restored to the majority of the company’s customers by Sunday. Rochow described the utility’s response as “all hands on deck” and said 540 crews were deployed across the state.

Detroit-based DTE Energy President Trevor Lauer estimated that 95% of this utility’s homes and businesses would also have power by Sunday.

Speaking to reporters, Lauer described the great winter storm that hit the area as “historic” and likened the quarter inch of ice that fell on the electrical system to a “baby grand piano hanging on those wires.”

Warmer weather is expected this weekend, with temperatures exceeding 40 degrees on Sunday.

San Francisco on Friday recorded its lowest temperature on record — 39 degrees, while parts of Northern California that rarely see snow reported several inches or more between Thursday and Friday, according to the weather service.

In Southern California, the first snowstorm warning ever issued by the National Weather Service’s San Diego office remained in effect through Saturday afternoon. The same warning was issued for the mountains of Los Angeles and Ventura counties for the first time since 1989, the weather service said.

Heavy snow and blizzard conditions will persist in parts of the Sierra Nevada and Transverse Ranges on Saturday. Snow reports to date include 45 inches at Soda Springs and 37 inches at Big Bear Lake. Additional snow accumulations of about a foot are likely, with more likelihood over the highest passes and peaks.

A plow clears snow on Mount Baldy Road in the city of Mount Baldy, California February 24, 2023. – Californians, who are more used to flip-flops and shorts, enveloped the warm Thursday in a rare winter blizzard, the first since more than 30 years ago, loomed over Los Angeles even as the US east coast basked in summer temperatures. (Allison Dinner / AFP – Getty Images)

More than 113,000 people in the state were without power as of Saturday night, according to poweroutage.us.

The storm is expected to hit the Central High Plains by Sunday night, the weather service said. This puts 4 million people at risk of severe weather, including in Oklahoma City, Abilene, Texas and Wichita, Kansas.

In this storm system, large hail and damaging winds will be the primary threats, with an isolated tornado also expected in the late afternoon and evening hours.

As this system advances east Monday, there is a low risk of severe weather throughout the Ohio Valley. That includes 5 million in the cities of Cincinnati, Louisville and Lexington, Kentucky, with the primary concern damaging wind gusts over 60 miles per hour.

This article was originally published on NBCNews.com

The post Flood alerts nonetheless in place for 21 million throughout Southern California, together with Los Angeles and San Diego appeared first on DAILY SAN FRANCISCO BAY NEWS.

Gryphon Investors Acquires Southern HVAC | 2021-10-05 | ACHR News

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The post Gryphon Buyers Acquires Southern HVAC | 2021-10-05 appeared first on DAILY SAN FRANCISCO BAY NEWS.

SAN FRANCISCO, october 4, 2021 /PRNewswire/ — Gryphon Investors (“Gryphon”), a leading middle-market private equity firm, announced today that it has acquired Southern HVAC (“Southern HVAC” or the “Company”) from MSouth Equity Partners (“MSouth”) , a private equity firm based in Atlanta with an office in Nashville. Located in the Southeastern US, Midwestern US and Texas, the Company is a leading provider of residential HVAC, plumbing and electrical services across 15 brands. Southern HVAC’s management team will remain with the Company and retain a meaningful equity stake. Financial terms of the transaction were not disclosed.

Southern HVAC represents Gryphon’s second home services acquisition in the last 10 months. In December 2020Gryphon acquired Right Time Heating & Air Conditioning (“Right Time”), the largest independent residential HVAC services provider in Canada.

Southern HVAC and Right Time will be owned by NAEHS (North American Essential Home Services), but will continue to operate independently, retaining their existing brand names and current management teams, while leveraging the combined scale and scope of the two businesses. As part of the transaction, Ian McKeen has become CEO of NAEHS. Mr. McKeen, a dual US and Canadian citizen, has spent more than 25 years in the home services industry and previously served as President & COO of Service Experts, a leading provider of residential HVAC and plumbing services in the United States and Canada.

Mr. McKeen said, “The holding company structure will allow each company to share in best practices and benefit from scale advantages, while maintaining the separate strategies and management teams that have driven their success to date. I look forward to working with Southern HVAC CEO Bryan Benak and Right Time CEO Craig Goettler to continue building two of the best home services businesses in NorthAmerica.”

Mr. Benak added, “Residential HVAC, plumbing and electrical services remains a highly fragmented industry, with demand growth being driven as consumers spend more time in their homes. We aim to expand our position as the leading residential services provider across Texasthe Southeastern US, and Midwestern US with support from Gryphon, Ian and Right Time.”

Mr. Goettler noted, “We continue to enjoy our partnership with Gryphon and are excited about the opportunity to collaborate with the Southern HVAC management team.”

Alex EarlsGryphon Deal Partners, and Jeff BalagnaGryphon Operating Partner, further added that “The acquisition of Southern HVAC represents an excellent strategic fit for Gryphon’s North American residential services strategy and is highly complementary to Right Time, which has performed ahead of expectations since our investment this past December. Common ownership of both of these companies by NAEHS should create significant value for stakeholders of both companies, and we are excited as part of this investment to support the organic and acquisition strategies of Southern HVAC and Right Time.”

Charles Stubbsto MSouth Partners, said, “Bryan Benak and his team at Southern HVAC were critical to the value creation we experienced during our investment and in building one of the largest residential HVAC platforms in the South and Midwest through organic growth and a buy-and-build strategy. We were fortunate to partner with such an outstanding management team, and we look forward to watching their continued success.”

DLA Piper was legal advisor to Southern HVAC and MSouth. Stephens Inc. and Moelis & Company acted as Gryphon’s financial advisors, while Kirkland & Ellis served as legal advisor.

About Southern HVAC

Southern HVAC is a leading provider of mission-critical residential HVAC, plumbing and electrical replacement and repair services. Southern HVAC now operates 15 brands across Florida, Georgia, Missouri, North Carolina, South Carolinaand Texas with over 650 employees. For more information, please visit www.southernhvac.com.

Southern HVAC is majority-owned by Gryphon Investors, a leading middle-market private equity firm.

About Right Time

Right Time is the leading Canadian independent heating, ventilation, and air-conditioning (“HVAC”) contractor focused on the residential market. Right Time now operates out of 16 locations in ontario, Manitoba, albertaand British Columbia with over 600 employees. For more information, please visit www.right-time.ca.

Right Time is majority-owned by Gryphon Investors, a leading middle-market private equity firm.

About Gryphon Investors
based in san francisco, Gryphon Investors (www.gryphoninvestors.com) is a leading private equity firm focused on profitably growing and competitively enhancing middle-market companies in partnership with experienced management. The firm has managed over $5.0 billion of equity investments and capital since 1997. Gryphon targets making equity investments of $50 million to $300 million in portfolio companies with enterprise values ​​ranging from approximately $100 million to $600 million. Gryphon prioritizes investment opportunities where it can form strong partnerships with owners and executives to build leading companies, utilizing Gryphon’s capital, specialized professional resources, and operational expertise.

Contact:

Lambert & Co.
Caroline Luz
203-656-2829
[email protected]
or
Jennifer Hurson
845-507-0571
[email protected]

SOURCE Gryphon Investors

related links

http://www.gryphoninvestors.com

The post Gryphon Traders Completes Majority Funding in Southern HVAC and Publicizes New Residence Companies Holding Firm appeared first on DAILY SAN FRANCISCO BAY NEWS.

Southern HVAC will partner with a sister company at the right time under the joint holding company NAEHS

SAN FRANCISCO, October 4, 2021 / PRNewswire / – Gryphon Investors (“Gryphon”), a leading medium-sized private equity firm, today announced the acquisition of Southern HVAC (“Southern HVAC” or the “Company”) from MSouth Equity Partners (“MSouth”) . , a private equity firm based in Atlanta with an office in Nashville. Located in the Southeastern United States, the Midwestern United States, and Texas, the company is a leading provider of HVAC, plumbing and electrical services for residential buildings with 15 brands. Southern HVAC’s management team will remain with the company and retain a significant equity stake. Financial terms of the transaction were not disclosed.

Southern HVAC represents the acquisition of second home services by Gryphon in the past 10 months. In December 2020, Gryphon acquired Right Time Heating & Air Conditioning (“Right Time”), the largest independent HVAC service provider in Canada.

Southern HVAC and Right Time will be owned but operated independently by NAEHS (North American Essential Home Services), maintaining their existing brand names and current management teams, while leveraging the combined size and reach of the two businesses. As part of the transaction, Ian McKeen has become CEO of NAEHS. Mr. McKeen, a dual citizen of the United States and Canada, has spent more than 25 years in the home service industry and was previously President and COO of Service Experts, a leading provider of HVAC and plumbing services to residential buildings in The United States and Canada.

Mr. McKeen said, “The holding structure will allow each company to share best practices and benefit from economies of scale while maintaining the separate strategies and management teams that have made their success to date. I look forward to working with the CEO of Southern HVAC Bryan Benak and CEO of Right Time Craig Goettler to build two of the best home services companies in North America. “

The story goes on

Mr. Benak added, “Residential HVAC, plumbing and electrical services remain a highly fragmented industry, with demand growing as consumers spend more time in their homes. We aim to strengthen our position as the leading provider of residential services across Europe Texas, the US Southeast and the US Midwest with support from Gryphon, Ian, and Right Time. “

Mr. Goettler said, “We continue to enjoy our partnership with Gryphon and are excited about the opportunity to work with the Southern HVAC Management Team.”

Alex Earls, Gryphon Deal Partners, and Jeff Balagna, Gryphon Operating Partner, added: “The acquisition of Southern HVAC is an excellent strategic addition to Gryphon’s North American residential services strategy and is an excellent addition to Right Time, which has exceeded expectations since our investment last December. Joint ownership by Both NAEHS companies should create significant value for the stakeholders of both companies and we are excited to support Southern HVAC and Right Time’s organic and acquisition strategies as part of this investment. “

Charles Stubbs, an MSouth partner, said: “Bryan Benak and his team at Southern HVAC were instrumental in creating the value we saw during our investment and building one of the largest residential HVAC platforms in the South and Midwest through organic growth and a buy-and-build strategy. We have been fortunate to work with such an outstanding management team and we look forward to their continued success. “

DLA Piper served as legal advisor to Southern HVAC and MSouth. Stephens Inc. and Moelis & Company acted as financial advisor to Gryphon, while Kirkland & Ellis acted as legal advisor.

Via Southern HVAC

Southern HVAC is a leading provider of business critical HVAC, plumbing, and electrical replacement and repair services for residential buildings. Southern HVAC now operates 15 brands throughout Florida, Georgia, Missouri, North Carolina, South carolina, and Texas with over 650 employees. More information is available at www.southernhvac.com.

Southern HVAC is majority-owned by Gryphon Investors, a leading mid-sized private equity firm.

About the right time

Right Time is the leading Canadian supplier of independent heating, ventilation and air conditioning (“HVAC”) focused on the residential market. Right Time is now in 16 locations. employed Ontario, Manitoba, Alberta, and British Columbia with over 600 employees. Further information can be found at www.right-time.ca.

Right Time is majority-owned by Gryphon Investors, a leading mid-sized private equity firm.

About Gryphon Investors
Based in San Francisco, Gryphon Investors (www.gryphoninvestors.com) is a leading private equity firm working in partnership with experienced management to focus on profitably growing and more competitive medium-sized companies. The company has over $ 5.0 billion of equity and capital since 1997. Gryphon intends to raise equity of $ 50 million to $ 300 million in portfolio companies with company values ​​of approx. $ 100 million to $ 600 million. Gryphon prioritizes investment opportunities that can create strong partnerships with owners and executives to build leading businesses, leveraging Gryphon’s capital, specialist professional resources and operational expertise.

Contact:

Lambert & Co.
Caroline light
203-656-2829
cluz@lambert.com
or
Jennifer Hurson
845-507-0571
jhurson@lambert.com

Cision

View original content: https://www.prnewswire.com/news-releases/gryphon-investors-completes-majority-investment-in-southern-hvac-and-announces-new-home-services-holding-company-301391488. html

SOURCE Gryphon Investors

The post Gryphon Buyers Completes Majority Funding in Southern HVAC and Publicizes New House Companies Holding Firm appeared first on DAILY SAN FRANCISCO BAY NEWS.

SAN FRANCISCO, October 4, 2021 / PRNewswire / – Gryphon Investors (“Gryphon”), a leading medium-sized private equity firm, today announced the acquisition of Southern HVAC (“Southern HVAC” or the “Company”) from MSouth Equity Partners (“MSouth”) . , a private equity firm based in Atlanta with an office in Nashville. Located in the Southeastern United States, the Midwestern United States, and Texas, the company is a leading provider of HVAC, plumbing and electrical services for residential buildings with 15 brands. Southern HVAC’s management team will remain with the company and retain a significant equity stake. Financial terms of the transaction were not disclosed.

Southern HVAC represents the acquisition of second home services by Gryphon in the past 10 months. In December 2020, Gryphon acquired Right Time Heating & Air Conditioning (“Right Time”), the largest independent HVAC service provider in Canada.

Southern HVAC and Right Time will be owned but operated independently by NAEHS (North American Essential Home Services), maintaining their existing brand names and current management teams, while leveraging the combined size and reach of the two businesses. As part of the transaction, Ian McKeen has become CEO of NAEHS. Mr. McKeen, a dual citizen of the United States and Canada, has spent more than 25 years in the home service industry and was previously President and COO of Service Experts, a leading provider of HVAC and plumbing services to residential buildings in The United States and Canada.

Mr. McKeen said, “The holding structure will allow each company to share best practices and benefit from economies of scale while maintaining the separate strategies and management teams that have made their success to date. I look forward to working with the CEO of Southern HVAC Bryan Benak and CEO of Right Time Craig Goettler to build two of the best home services companies in North America. “

Mr. Benak added, “Residential HVAC, plumbing and electrical services remain a highly fragmented industry, with demand growing as consumers spend more time in their homes. We aim to strengthen our position as the leading provider of residential services across Europe Texas, the US Southeast and the US Midwest with support from Gryphon, Ian, and Right Time. “

Mr. Goettler said, “We continue to enjoy our partnership with Gryphon and are excited about the opportunity to work with the Southern HVAC Management Team.”

Alex Earls, Gryphon Deal Partners, and Jeff Balagna, Gryphon Operating Partner, added: “The acquisition of Southern HVAC is an excellent strategic addition to Gryphon’s North American residential services strategy and is an excellent addition to Right Time, which has exceeded expectations since our investment last December. Joint ownership by Both NAEHS companies should create significant value for the stakeholders of both companies and we are excited to support Southern HVAC and Right Time’s organic and acquisition strategies as part of this investment. “

Charles Stubbs, an MSouth partner, said: “Bryan Benak and his team at Southern HVAC were instrumental in creating the value we saw during our investment and building one of the largest residential HVAC platforms in the South and Midwest through organic growth and a buy-and-build strategy. We have been fortunate to work with such an outstanding management team and we look forward to their continued success. “

DLA Piper served as legal advisor to Southern HVAC and MSouth. Stephens Inc. and Moelis & Company acted as financial advisor to Gryphon, while Kirkland & Ellis acted as legal advisor.

Via Southern HVAC

Southern HVAC is a leading provider of business critical HVAC, plumbing, and electrical replacement and repair services for residential buildings. Southern HVAC now operates 15 brands throughout Florida, Georgia, Missouri, North Carolina, South carolina, and Texas with over 650 employees. More information is available at www.southernhvac.com.

Southern HVAC is majority-owned by Gryphon Investors, a leading mid-sized private equity firm.

About the right time

Right Time is the leading Canadian supplier of independent heating, ventilation and air conditioning (“HVAC”) focused on the residential market. Right Time is now in 16 locations. employed Ontario, Manitoba, Alberta, and British Columbia with over 600 employees. Further information can be found at www.right-time.ca.

Right Time is majority-owned by Gryphon Investors, a leading mid-sized private equity firm.

About Gryphon Investors
Based in San Francisco, Gryphon Investors (www.gryphoninvestors.com) is a leading private equity firm working in partnership with experienced management to focus on profitably growing and more competitive medium-sized companies. The company has over $ 5.0 billion of equity and capital since 1997. Gryphon intends to raise equity of $ 50 million to $ 300 million in portfolio companies with company values ​​of approx. $ 100 million to $ 600 million. Gryphon prioritizes investment opportunities that can create strong partnerships with owners and executives to build leading businesses, leveraging Gryphon’s capital, specialist professional resources and operational expertise.

Contact:

Lambert & Co.
Caroline light
203-656-2829
[email protected]
or
Jennifer Hurson
845-507-0571
[email protected]

SOURCE Gryphon Investors

similar links

http://www.gryphoninvestors.com

The post Gryphon Buyers Completes Majority Funding in Southern HVAC and Declares New Dwelling Providers Holding Firm appeared first on DAILY SAN FRANCISCO BAY NEWS.

Gryphon Investors Acquires Southern HVAC | 2021-10-05 | ACHR news

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