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CenterOak Partners Acquires Service Champions to Create California Residential HVAC Maintenance Provider
Friday 17 May 2019

17 May 2019 - Dallas-based private equity firm CenterOak Partners LLC has completed a majority investment in HVAC provider Service Champions in combination with existing platform investment Moore Home Services, forming a California-based home maintenance and repair services provider, the company said.
Terms of the transaction were not disclosed.
The merger of Service Champions and Moore Home Services creates one of the largest residential HVAC contractors on the West Coast.
Service offerings include residential heating and air conditioning repair and replacement, plumbing, solar and electrical services.
Service Champions is a provider of essential residential service and replacement services including air conditioning repair and replacement, plumbing, solar and electrical services. Service Champions and Moore Home Services serve over 21,000 customers providing non-discretionary maintenance and repair services.
CenterOak Partners LLC is a private equity firm with a focus on making control-oriented investments in middle market companies organised or operating in the United States. The firm specialises in three key industry sectors: industrial growth, consumer, and business services.
Greenberg Glusker Fields Claman and Machtinger LLP served as legal counsel to Service Champions. Gibson, Dunn and Crutcher LLP served as counsel to CenterOak.
Details
Date Published: 17/05/2019
Target: Service Champions/majority stake
Country: USA
Sector: Construction/Real Estate
Type: LBO
Financing:
Status: Closed
Vendor:
Buyer: CenterOak Partners
Buyer Advisor: Gibson, Dunn and Crutcher LLP
Comment:
Terms of the deal were not disclosed

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