Most Active Acquirers of HVAC and Plumbing Services Companies (2026)
The acquirers that announced the most purchases of U.S. and Canadian hVAC and plumbing services companies between Nov 1, 2025 and Oct 25, 2026, with every deal linked to its source.
Key findings
- Service Country (pe-backed, backed by Grove Mountain Partners) was the most active acquirer, with 5 announced deals.
- We recorded 71 announced acquisitions of U.S. and Canadian companies by 43 distinct acquirers.
- 18 acquirers announced two or more deals; together they account for 65% of the deals recorded.
- Private equity-backed acquirers made 82% of the deals.
- 71
- Announced acquisitions recorded
- 43
- Distinct acquirers
- 18
- Acquirers with two or more deals
- 82%
- Of deals made by PE-backed acquirers
Scope. Residential and commercial HVAC, plumbing and electrical service contractors, including mechanical contractors and combined home-services firms. Equipment manufacturers and supply distributors are excluded.
Coverage. Several of the largest platforms (for example Wrench Group, Apex Service Partners and TurnPoint Services) rarely announce individual add-ons on their own sites, and the Wrench Group and Apex Service Partners sites could not be read on a second attempt, so their counts here are likely understated. Coverage of Canadian deals is thin.
The ranking
| Rank | Acquirer | Ownership | Deals | Latest |
|---|---|---|---|---|
| 1 | Service Country | PE-backedGrove Mountain Partners | 5 | Sep 28, 2026 |
| 2 | Leap Partners | PE-backedConcentric Equity Partners | 4 | Sep 2, 2026 |
| 3 | Advantage Services Group | PE-backed | 3 | Jul 27, 2026 |
| 3 | Liberty Service Partners | PE-backedNorthCurrent Partners | 3 | Jun 4, 2026 |
| 3 | Rocket Group | Private strategic | 3 | May 19, 2026 |
| 3 | Founders Home Service Group | PE-backedKompass Kapital | 3 | May 1, 2026 |
| 3 | Ally Services | PE-backedWatchtower Capital | 3 | Feb 12, 2026 |
| 8 | TruTemp Services | PE-backedCentre Partners / Baldwin Creek Partners | 2 | Oct 13, 2026 |
| 8 | Champions Group Holdings | PE-backed | 2 | Aug 7, 2026 |
| 8 | Sila Services | PE-backedGoldman Sachs Alternatives | 2 | Jul 6, 2026 |
| 8 | Legacy Service Partners | PE-backedGridiron Capital | 2 | Jul 2, 2026 |
| 8 | PremiStar | PE-backedPartners Group | 2 | Jun 10, 2026 |
| 8 | Kelvin Group | PE-backedSouthfield Capital | 2 | May 20, 2026 |
| 8 | NexCore | PE-backedTrinity Hunt Partners | 2 | May 19, 2026 |
| 8 | Southern Home Services | PE-backedGryphon Investors | 2 | May 19, 2026 |
| 8 | Fidelity Building Services Group | PE-backed | 2 | Mar 9, 2026 |
| 8 | PMC Energy Limited | Private strategic | 2 | Jan 20, 2026 |
| 8 | Seacoast Service Partners | PE-backedWhite Wolf Capital Group | 2 | Dec 29, 2025 |
Announced acquisitions of U.S. and Canadian companies, Nov. 1, 2025 to Oct. 25, 2026. Acquirers with equal counts share a rank. Sponsor shown is the private equity owner of the acquirer at the time of its deals, where disclosed.
Top 15 acquirers by number of announced acquisitions of U.S. and Canadian hVAC and plumbing services companies, Nov 1, 2025 to Oct 25, 2026. Source: Laurent Capital Research.
Deals by acquirer
Each deal links to the press release or report it was taken from. Dates are announcement dates.
- 1
Service Country
5 deals | PE-backed, Grove Mountain Partners
- Southern Trust Home Services | Roanoke, VA | residential electrical, plumbing and HVACSource: PR Newswire
- All Tech Plumbing, Heat & Air | Lawton, OK | residential heating, cooling and plumbingSource: PR Newswire
- 2
Leap Partners
4 deals | PE-backed, Concentric Equity Partners
- PROW Brothers Plumbing, Heating & AC (with Hometown Heating & Cooling and T&G Heating & Air) | Madisonville, KY | residential plumbing and HVACSource: PR Newswire
- 3
Advantage Services Group
3 deals | PE-backed
- Doctor Fix-It | Denver, CO | residential heating, cooling, plumbing and electricalSource: PR Newswire
- 3
Liberty Service Partners
3 deals | PE-backed, NorthCurrent Partners
- 3
Rocket Group
3 deals | Private strategic
- TLS Air Conditioning & Insulation of Southwest Florida | FL | residential HVAC and insulationSource: PrivSource
- 3
Founders Home Service Group
3 deals | PE-backed, Kompass Kapital
- Empire Heating & Air Conditioning | Decatur, GA | residential and light commercial HVACSource: PrivSource
- 3
Ally Services
3 deals | PE-backed, Watchtower Capital
- 8
TruTemp Services
2 deals | PE-backed, Centre Partners / Baldwin Creek Partners
- Sandhills Heating & Refrigeration | Aberdeen, NC | residential HVAC and electricalSource: PR Newswire
- 8
Champions Group Holdings
2 deals | PE-backed
- Lex Cooling, Heating, Plumbing & Electrical | TX | residential HVAC, plumbing and electricalSource: PR Newswire
- 8
Sila Services
2 deals | PE-backed, Goldman Sachs Alternatives
- Davis Heating and Air Conditioning Company | Rocky Mount, VA | residential HVAC, plumbing and electricalSource: PR Newswire
- NEOH (Simpson Heating & Air, Bonsky Heating & Cooling, Best Heating & Air Solutions, Ultra Clean Duct Cleaning, Coblentz Plumbing Solutions, Trade Masters Academy) | OH | multi-brand residential HVAC/plumbing platformSource: PR Newswire
- 8
Legacy Service Partners
2 deals | PE-backed, Gridiron Capital
- Lunsford Air Conditioning and Heating | Milton, FL | residential HVACSource: Legacy Service Partners
- 8
PremiStar
2 deals | PE-backed, Partners Group
- Mechanical Service & Systems (MSS) | Salt Lake City, UT | commercial HVAC, plumbing and building automationSource: PrivSource
- Armistead Mechanical, Inc. | NJ | commercial HVAC, plumbing and building automationSource: PrivSource
- 8
Kelvin Group
2 deals | PE-backed, Southfield Capital
- Mullally Bros. Inc. | United States | industrial refrigeration and mechanical servicesborderline fitSource: HVAC Insider
- PermaCold Engineering, Inc. | Portland, OR | industrial refrigeration servicesborderline fitSource: PR Newswire
- 8
NexCore
2 deals | PE-backed, Trinity Hunt Partners
- Air Comfort Systems, Inc. | Wallingford, CT | commercial HVAC servicereport dateSource: Plumbing & Mechanical
- Mechanical Systems Technology, Inc. | Myrtle Beach, SC | commercial HVAC and refrigeration servicereport dateSource: Plumbing & Mechanical
- 8
Southern Home Services
2 deals | PE-backed, Gryphon Investors
- Dunn's HVAC, Plumbing & Electrical | Anniston, AL | residential multi-trade HVAC/plumbing/electricalSource: PR Newswire
- 8
Fidelity Building Services Group
2 deals | PE-backed
- 8
PMC Energy Limited
2 deals | Private strategic
- Metro Commercial Heating & Cooling Limited | Halifax, NS | commercial HVAC and building automationSource: PrivSource
- Active Heating & Air Conditioning Ltd. | Halifax, NS | commercial HVAC and building automationSource: PrivSource
- 8
Seacoast Service Partners
2 deals | PE-backed, White Wolf Capital Group
Other acquirers in the period
25 further acquirers announced 25 deals in this niche.
- Presidential Heating & Air Conditioning acquired Shipley Plumbing, Heating & Air Conditioning | MDSource
- Optimum Energy acquired Hussung Mechanical Contractors and HMC Service Company | United StatesSource
- Blue Cardinal Home Services acquired D&D Home Services (D&D Plumbing, Heating & Air Conditioning) | Midland, TXreport dateSource
- Panther Service Group acquired Apex Plumbing (Garrett Plumbing, Mason Air Conditioning and Heating, Green Light Electric Services) | FLSource
- Elevate Service Group acquired Charged Electric Services Ltd. | New Hamburg, ONborderline fit, report dateSource
What drives consolidation in hVAC and plumbing services
Residential HVAC and plumbing demand is largely replacement and repair, which buyers tend to view as less cyclical than new construction.
Platforms commonly keep the acquired brand and local management, then centralize call handling, pricing, financing and technician recruiting, where scale may lower costs.
Licensed technician shortages appear to make acquiring an existing workforce faster than hiring one, which may explain the pace of tuck-in deals in the same metros.
These observations reflect themes stated in the announcements we reviewed and our general view of the market; they are not findings measured from the dataset.
All eight niches in one file, with source URLs. Filter the niche column for this ranking.
Frequently asked questions
Who acquired the most hVAC and plumbing services companies in 2026?
Between November 1, 2025 and October 25, 2026, the most active acquirers by number of announced deals were Service Country (5), Leap Partners (4), Advantage Services Group (3). Counts include only publicly announced acquisitions of U.S. and Canadian companies.
How many hVAC and plumbing services acquisitions were announced in the past year?
We recorded 71 announced acquisitions by 43 acquirers. Because many small transactions are never announced, the true number is higher.
Are most HVAC and plumbing buyers private equity-backed?
In our data, 82% of the deals were made by acquirers owned by private equity firms. The rest were made by public companies and privately held strategic buyers.
What does this mean for an owner considering a sale?
An active market means more potential buyers, but serial acquirers usually have set valuation frameworks and integration plans. Owners tend to achieve better terms when several qualified buyers compete, including strategic buyers that appear less often in announcements. The ranking shows who is buying; it does not show who would pay the most for a particular company.
What is counted as a deal in this niche?
Residential and commercial HVAC, plumbing and electrical service contractors, including mechanical contractors and combined home-services firms. Equipment manufacturers and supply distributors are excluded. Records that sit at the edge of that definition are marked as borderline in the CSV.
Methodology and sources
Laurent Capital Research compiled this dataset from public sources in October 2026 (sources retrieved October 26, 2026). It covers acquisitions announced from Nov 1, 2025 to Oct 25, 2026 in which the acquired company was headquartered in the United States or Canada. For each of eight niches we built a list of acquirers known to be active, read the news and press-release pages of each one we could reach, then reviewed wire services (PR Newswire, Business Wire, GlobeNewswire and others), trade publications and public deal trackers for deals by acquirers not on the initial list. A second collection pass, added to the dataset on October 27, 2026, contributed 37 further deals, mostly from the PrivSource deal tracker and trade publications; each was checked against the page it cites, and a private equity sponsor is shown only where that page names it.
Each press release or article was read and its facts recorded in a fixed schema: announcement date, acquirer, the acquirer’s private equity owner at the time (if any), target, target location, a short description of the target’s business, and the source URL. The press release is the preferred source; where none could be found or retrieved, the source is a trade publication or a public deal tracker (for example PrivSource, Levin Associates, Becker’s Hospital Review or the monthly sector reports of Janes Capital Partners). Where only a closing date or the date of a report was available, that date is used and the deal is flagged as such on the page and in the CSV.
Records were deduplicated on acquirer and target, and each deal is counted in one niche only. On review we removed 69 of 644 collected records: deals known only from a search-result snippet or a page that could not be read, deals with an unknown or out-of-window date, targets outside the United States and Canada or with an unconfirmed headquarters, duplicates, initial platform investments by private equity firms, deals outside a niche’s definition, and transactions with a disclosed value above $1 billion. Every remaining source link was requested on October 26, 2026 and none returned “not found” (some sites block automated requests); for the pages whose text could be read automatically, we confirmed that the page names the acquirer and the target.
Acquirers are ranked by the number of announced deals in a niche. The acquirer is the operating company that announced the acquisition (for example, a private equity-backed platform or a software group within a larger holding company), not its financial sponsor; the sponsor and, where relevant, the parent group are shown separately. Minority investments and purchases of municipal or government-owned assets are excluded.
Limitations. The counts include only deals that were publicly announced and that we could find and read. Many add-on acquisitions of small companies are never announced, some acquirers disclose deals only in aggregate, and a number of company newsrooms and trade-press archives could not be retrieved, so the totals understate actual activity, by more for some niches and acquirers than others; each niche page states its known coverage gaps. The revenue cycle management ranking in particular rests on limited data and should be read as preliminary. Niche boundaries require judgment; records marked “borderline” are included in the counts. Deal values are rarely disclosed for companies of this size and are not reported here. The data does not include any transaction advised by Laurent Capital.
- 1prnewswire.com. 44 deals sourced here
- 2privsource.com. 15 deals sourced here
- 3hvacinsider.com. 3 deals sourced here
- 4pmmag.com. 3 deals sourced here
- 5legacyservicepartners.com. 2 deals sourced here
- 6phcppros.com. 2 deals sourced here
- 7achrnews.com. 1 deal sourced here
- 8businesswire.com. 1 deal sourced here
Data last updated Oct 27, 2026.
Cite this research
You may quote and republish figures from this page with attribution and a link to the source.
Citation
Laurent Capital Research, “Most Active Acquirers of HVAC and Plumbing Services Companies (2026),” 2026, https://laurent.capital/research/most-active-acquirers/hvac-plumbingLink (HTML)
<a href="https://laurent.capital/research/most-active-acquirers/hvac-plumbing">Most Active Acquirers of HVAC and Plumbing Services Companies (2026)</a> (Laurent Capital)Compiled from public sources for general information; not investment advice. Inclusion does not imply any relationship with, or endorsement by, the companies listed, and the data does not include any transaction advised by Laurent Capital. To report a missing or incorrect deal, write to info@laurent.capital with a link to the announcement.
Considering a sale of your hVAC and plumbing services business?
Conversations with Laurent Capital are confidential and carry no obligation. A senior member of the firm responds to every inquiry within one business day.