Terms of the transaction were not disclosed. ", "We couldn't be more excited to partner with TJC and Cobepa for our next phase of growth as well as to continue our partnership with North Branch," said Heartland CEO Bill Viveen. "We are beyond excited to be partnering with a brand that has a solid legacy of excellent customer service. This is a profile preview from the PitchBook Platform. site you are consenting to these choices. Heartland brings us more resources and their relationship with Lennox, our preferred OEM, made this deal even more appealing.". Senior Managing Director, Ashok Tandon established the initial relationship with WRH. You can read more about your. Kirkland & Ellis LLP acted as legal advisor and Robert W. Baird & Co. acted as financial advisor to TJC. Please check your spam or junk folder just in case With its vast resources and experience, TJC is the perfect partner for Heartland in this next phase of growth," said Jon Leiman, Partner at North Branch. The leaders Brad Smith, Tom Stoll, and Jason Peck will stay on along with their dynamic management team and knowledgeable technicians. You can read more about your cookie choices at our privacy policyhere. Carl Doerksen it's been delivered there. The profile is currenly unclaimed by the seller. Use of these cookies, which may be stored on your device, permits us to improve and customize your experience. The Williams team has built a strong brand reputation in the area and will be a great fit with the Heartland HVAC portfolio companies. Investors of Heartland Home Services include The Jordan Company. You must login or register in order to post a comment. Heartland is a leading technology-enabled provider of residential HVAC, plumbing, electrical and indoor air quality services in the Midwestern United States. All rights reserved. cdoerksen@generational.com. This information is available in the PitchBook Platform. The addition of Thielmann creates an extension into a core Midwestern market of Wisconsin, allowing Heartland to serve more customers every day. Heartland is a leading technology-enabled provider of residential HVAC, plumbing, electrical and indoor air quality services in the Midwestern United States. The leaders Michael Levey and Mike Canestrelli will stay on along with their management team and technicians. The Company offers replacement, repair and maintenance services, with a large and growing installed base. By continuing to use this site you are consenting to these choices. Its brands include Randazzo Heating & Cooling, Vredevoogd Heating & Cooling, A+Derr Heating & Cooling, Hager Fox Heating & Cooling, and First Call Plumbing. Copyright 2022 CB Information Services, Inc. All rights reserved. Visitwww.heartlandhsc.comfor more information about Heartland Home Service family of brands. For more information, visit www.northbranchcap.com. our sites and services. Henry Smith is the 24th company to join the Heartland family of brands and extends Heartlands growth in the attractive Northern Indiana market. North Branch Capital has sold Heartland Home Services to The Jordan Company. Resolute IV completed the acquisition in partnership with Heartland's existing management team and Cobepa, a global private equity firm that made a significant minority investment in the Company. Congratulations to Heartland Home Services on Closing out a Historic Year with the addition of Henry Smith Plumbing, Heating & Cooling, their 24th acquisition. http://www.thejordancompany.com/index.html, Cision Distribution 888-776-0942 Located in Warren, Michigan, Williams Refrigeration & Heating (WRH) provides residential and commercial heating and air conditioning sales, installation, service, and repair. You should only be asked to sign in once. Our expectations are high as we continue to partner with the best home service brands in the Midwest!" The CB Insights tech market intelligence platform analyzes millions of data points on vendors, products, partnerships, and patents to help your team find their next technology solution. To explore Heartland Home Servicess full profile, request access. When typing in this field, a list of search results will appear and be automatically updated as you type. About CobepaBased in Brussels and New York, Cobepa is a privately-held investment company backed by European families. The addition of Air Master creates more density in the Detroit market, allowing Heartland to serve more customers every day. Heartland has continued to thrive despite the obstacles of the past two years as it has entered new territories, densified its existing geographies, and had the honor of carrying on the proud legacies of its partner brands across the Midwestern United States. Register now to read this article and more for free. Generational Equity, Generational Capital Markets (member FINRA/SIPC), Generational Wealth Advisors, Generational Consulting Group, and DealForce are part of the Generational Group, which is headquartered in Dallas and is one of the leading M&A advisory firms in North America. To ensure the most secure and best overall experience on our website, we recommend the latest versions of, Investment Banking Firm of the Year three years in a row. Click here. Heartland is the leading technology-enabled provider of repair, replacement and maintenance services for the HVAC, plumbing and electrical markets in which we operate. DALLAS--(BUSINESS WIRE)--Generational Equity, a leading mergers and acquisitions advisor for privately held businesses, is pleased to announce the sale of its client Williams Refrigeration & Heating, Inc. to Heartland Home Services. Don't have an account? Choate Hall & Stewart LLP acted as legal advisor to Cobepa. A link has been emailed to you - check your inbox. Get the full list, Vice President of Business Development & Director of Corporate Development. North Branch specifically targets businesses that lead with engineering excellence or value-added services in order to solve complex customer problems. Heartland and Williams worked closely together to close this transaction that will benefit both parties, said Hige. added Heartland CEO Bill Viveen. Convene, 117 West 46, New York, Get limited access to our industry news, analysis and data, plus regular email updates. Cobepa manages a diversified portfolio of private equity investments valued at approximately $3.0 billion. We are very optimistic about this market as we continue to add fantastic partners that have strong roots and excellent leadership. The senior investment team has been investing together for over 20 years, and they are supported by the Operations Management Group, which was established in 1988 to initiate and support operational improvements in portfolio companies. buys healthcare staffing company Barton & Associates. The Marker Hotel, San Francisco, October 20-21 Report Abusive Comment For more information, please visit https://www.heartlandhomeservices.com/. The transaction closed May 6, 2022. The M&A Advisor named the company Investment Banking Firm of the Year three years in a row and Valuation Firm of the Year in 2020. | Source: PitchBooks non-financial metrics help you gauge a companys traction and growth using web presence and social reach. We are optimistic about this market as we continue to add fantastic partners that have strong roots and excellent company cultures. GRAND RAPIDS, Mich. Heartland Home Services, a provider of HVAC, plumbing, and electrical home services, announced that it has acquired Air Master Heating and Air Conditioning, a provider of HVAC services in Ferndale, Michigan and the surrounding areas in Southeast Michigan. Click The company services & replaces furnaces, air conditioning units, humidifiers, thermostats, water heaters and other ancillary units. here to register, Not for publication, email or dissemination, Difficult meeting of the minds between acquirer and target says SVB healthcare banker, Frazier taps DuRoss as senior advisor for growth buyout team, New Mountain buys PerkinElmer carveout; Gryphon closes Rootstock Software deal, NaviMed sells CM Group to OPEN Health; Blackstone leans on trusted relationships, JetBlue beats Frontier to buy Spirit; Oak Hill expands internet access; carried interest is under siege, Wind Point-backed Vertex acquires construction management consultant Fulcrum, H.I.G. For media requests/info, please reach out to Leesa Fotis, Heartland Home Services, VP Marketing (leesa@heartlandhsc.com). Heartland Home Services Heartland is the leading technology-enabled provider of repair, replacement and maintenance services for the HVAC, plumbing and electrical markets in which we operate. from 8 AM - 9 PM ET. Mr. Viveen and his team of senior executives have been instrumental to Heartland's successful track record and are well positioned to lead the Company going forward. Generational Equity Executive Managing Director of M&A Central Region, Michael Goss, and his team led by Senior M&A Advisor, Joe Hige, with support from Managing Director, Mergers & Acquisitions, Ryan Johnson, successfully closed the transaction. GRAND RAPIDS, Mich., June 17, 2022 (GLOBE NEWSWIRE) -- Heartland Home Services ("Heartland"), the Midwestern leader in HVAC, plumbing and electrical home services, is pleased to announce that it has acquired The Thielmann Group ("Thielmann"), a leading provider of HVAC services in Southeast Wisconsin. The Company operates through 24 brands across 7 states including Illinois, Indiana, Kentucky, Michigan, Missouri, Ohio, and Wisconsin. To ensure the most secure and best overall experience on our website we recommend the latest versions of, Internet Explorer is no longer supported. Youre viewing 4 of 8 executive team members. Headquartered in New York, TJC also has offices in Chicago. With more than 300 professionals located throughout 16 offices in North America, the companies help business owners release the wealth of their business by providing growth consulting, merger, acquisition, and wealth management services. With 50 years of collective operating experience, our collaboration with management teams is unique. WRH is a full-service company offering repairs, maintenance and installations in all facets of residential and commercial HVAC industry. Heartland Home Services Acquires Air Master Heating and Air Conditioning, Heartland Home Services Welcomes Williams Heating and, Generational Equity Advises Williams Refrigeration & Heating in its Sale to Heartland Home Services, Generational Equity Advises Williams Refrigeration & Heating in its Sale to Heartland Home Services. ", "Bill and the management team have built Heartland into a leader in the residential services industry, leveraging technology to consistently deliver exceptional quality and customer service to homeowners in a large and competitive market," said Andrew Hollod, Principal at Cobepa. Securities offered through KCoe Capital, LLC, member, Footprint Capital is Sponsoring and Speaking at the 2022 BEI National Conference, Footprint Capital is Featured on the Business Legacy Podcast, Footprint Capital is Featured on the Why We Plan Podcast. press release distribution service at Newswire.com. "We are thrilled to partner with Bill and the entire Heartland team," said John Straus, Partner at TJC. "The Company has a strong culture and is relentlessly focused on providing value to its customers. For more information, please visit www.heartlandhomeservices.com. Michael Levey founded Air Master in 1983, and since his very first day, with one man and a truck, he has provided HVAC service in the area. Environmental, Social and Governance (ESG), HVAC (Heating, Ventilation and Air-Conditioning), Machine Tools, Metalworking and Metallurgy, Aboriginal, First Nations & Native American. June 17, 2022 10:01 ET Heartland is well positioned to continue distinguishing itself as a leader in the large and highly-fragmented home services industry and to meaningfully grow its market share in the years ahead. North Branch sells Heartland Home Services to TJC. Heartland Home Services's headquarters is located at 51327 Quadrate Drive, Macomb. The Company collectively serves over 1,000,000 customers annually with 1,700+ team members through a collection of industry-leading brands that date back to 1904. This new investment will provide the Company with significant resources as it continues driving operational efficiencies as well as capitalizing on organic and inorganic growth opportunities. What is Heartland Home Services's latest funding round? The Company collectively serves over 700,000 customers annually with 1,300+ team members through a collection of industry-leading brands that date back to 1904. About North BranchNorth Branch Capital is a lower middle market private equity firm, based in Oak Brook, IL, with a long history of investing alongside and partnering with management teams in industrial businesses. The Thielmann group has already had a track record of organic growth and has become a platform with a few acquisitions under their arm, making this brand a powerhouse in Wisconsin. September 14-15 Their six-step approach features strategic and tactical growth consulting, exit planning education, business valuation, value enhancement strategies, M&A transactional services, and wealth management. Headquartered in Macomb, Michigan, the Company has completed nine acquisitions since 2017, strategically expanding its operations in Michigan, Ohio, Indiana, Kentucky and Wisconsin. All information is provided by CB Insights. NEW YORK, Dec. 15, 2020 /PRNewswire/ --The Jordan Company, L.P. ("TJC") today announced that an affiliate of The Resolute Fund IV, L.P. ("Resolute IV") has acquired Heartland Home Services ("Heartland" or the "Company") from North Branch Capital, LLC ("North Branch"). For more information, visit www.cobepa.com. The Heartland family of companies service customers throughout Michigan, Indiana, Ohio, and Kentucky. President Brad Smith stated, "Partnering with Heartland gives us an opportunity to continue our growth goals under the umbrella of an honest, customer-focused partner. "There is a great cultural fit between our organizations and we share a vision for Heartland's future. With operations spanning 82 years, WRHs greatest attributes are its highly skilled employees and loyal customer base. Terms of the transaction were not disclosed. Get the full list, Youre viewing 5 of 25 subsidiaries. 2022 PitchBook. Use of these cookies, which may be stored on your device, permits us to improve and customize your experience. North Branch Sells Heartland Home Services, Heartland Home Services Adds Action Plumbing and AC Engineers to Its Portfolio of Brands, North Branch Continues Home Services Expansion into Ohio, Heartland Home Services Acquires First Call Plumbing, North Branch Capital Creates Leading Midwest, Residential Home Services Platform with Acquisition of A+ Derr. CBI websites generally use certain cookies to enable better interactions with our sites and services. North Branch will remain a minority investor in the Company. The Company operates through 35 brands across several states. About The Jordan CompanyThe Jordan Company, founded in 1982, is a middle-market private equity firm that manages funds with original capital commitments in excess of $13 billion with a 38-year track record of investing in and contributing to the growth of many businesses across a wide range of industries. Please tell us why. I trust that Heartland understands how to uphold my Air Master company culture, and I am excited to partner with them for growth in the coming years," said Levey. Only logged in subscribers of this site will be able to access the shared article. The Company collectively serves over 1,000,000 customers annually with 1,600+ team members through a collection of industry-leading brands that date back to 1904. Heartland Home Services. The CB Insights tech market intelligence platform analyzes millions of data points on venture capital, startups, patents , partnerships and news mentions to help you see tomorrow's opportunities, today. Heartland Home Services operates a portfolio of air conditioning and plumbing companies throughout the midwest. Internet Explorer presents a security risk. Led by CEO Bill Viveen, Heartland's seasoned management team has over 80 years of combined leadership experience. For more information, visit https://www.genequityco.com/ or the Generational Equity press room. Is this comment offensive? Cobepa invests in leading companies with superior business models, sustainable market positions and leading management teams. Not the case? Heartland has assembled a platform of well-recognized brands, including Randazzo Heating & Cooling, Vredevoogd Heating & Cooling, A+Derr Heating & Cooling, Hager Fox Heating & Cooling, First Call Plumbing, and Blind& Sons Heating, Cooling, Electric. "The partnership with Air Master Heating and Air Conditioning gives us more bandwidth to serve the Detroit area. June 9, 2022 As Air Master grew, Michael's focus remained steadfast on treating his customers right and growing a team that is like family to him. Katten Muchin Rosenman LLP acted as legal advisor and Cowen Inc. acted as financial advisor to Heartland and North Branch. This content was issued through the press release distribution service at Newswire.com. Cobepa is primarily focused on investments in the business services, tech-enabled services and healthcare sectors as well as situations which might benefit from a nimble investment partner. "We are extremely proud of the Heartland team and the growth they have achieved over the last several years. Get the full list, Youre viewing 5 of 26 investments. For any questions, please contact Kristin A. Custar, Partner and Head of the Global Investor Capital Group at TJC, at (212) 572-0829. For more information, please visit us at www.heartlandhomeservices.com. Heartland Home Services is the leading technology-enabled provider of repair, replacement and maintenance services for the HVAC, plumbing and electrical markets in which they operate. Our expectations are high as we continue to partner with the best home service brands in the Midwest," added Heartland CEO Bill Viveen. About Heartland Home ServicesBased in Macomb, Michigan, Heartland Home Services is a leading provider of residential HVAC, plumbing, electrical, and indoor air quality services. We have just sent you an email so you can verify your account. TJC's and Cobepa's resources are significant and will enable us to accelerate our long-term growth plan. Win whats next. Provider of non-discretionary, residential heating, ventilation and air conditioning replacement and maintenance services. Heartland Home Services's latest funding round is Acq - Fin. The experienced leadership team gives us confidence to expand our Midwest reach. CBI websites generally use certain cookies to enable better interactions with. Thank you for helping us to improve our forums. For more information, visit www.thejordancompany.com. This experience comes from the Partners of North Branch, not a network of executives or consultants. Who are the investors of Heartland Home Services? "It took vetting several buyers to find a partner that I am confident will treat my employees and customers up to the same standards I have had for years. Williams Refrigeration & Heating, a Generational Equity client, was acquired by Heartland Home Services. Heartland Home Services (Heartland) closed the books on a historic 2021 with the addition of Henry Smith Plumbing, Heating & Cooling on December 18th. "We look forward to partnering with Heartland and supporting its continued strategic growth and leadership position.". Where is Heartland Home Services's headquarters? 972-342-0968 The Company operates through 32 brands across 8 states including Illinois, Indiana, Kentucky, Michigan, Missouri, Ohio and Wisconsin.
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