Asking price
$150,000,000USD
Well-established residential and commercial HVAC services provider in South Florida, offering AC installation, repair, preventive maintenance, indoor air quality solutions, and heating services. Part of a restructured platform with 24/7 service availability, strong recurring maintenance revenue, and a scalable multi-location operating model.
Core revenue streams include: **HVAC Installation & Replacement** — Full residential and commercial AC and heating system installations, including new construction and retrofit projects. Carries major equipment brands and offers financing options. **Repair & Emergency Service** — 24/7 emergency AC and heating repair with same-day/next-day response. High-margin, demand-driven service line that drives customer acquisition. **Preventive Maintenance & Service Agreements** — Recurring maintenance contracts (tune-ups, filter changes, system checks) that provide predictable recurring revenue and strong customer retention. **Indoor Air Quality Solutions** — Duct cleaning, air filtration upgrades, UV light installations, and attic insulation services — a growing ancillary revenue stream. **Plumbing Services** — Installation and repair of water heaters, fixtures, and plumbing systems — an add-on service line that cross-sells to the existing HVAC customer base. Pricing model: Service fees (time & materials, flat-rate diagnostics) for repair/maintenance; project-based quotes for installations; monthly/annual subscription agreements for preventive maintenance plans.
**Customer Base:** Primarily residential homeowners in South Florida (Boca Raton, Palm Beach County, Broward County), with a secondary commercial segment (small-to-mid-size businesses, property management companies). The South Florida HVAC market benefits from year-round cooling demand and an aging housing stock requiring replacement and repair. **Market Position:** The business operates in one of the highest-demand HVAC markets in the U.S. — South Florida's tropical climate creates near-constant cooling demand, and the region's rapid population growth continues to drive new construction and retrofit opportunities. **Key Market Drivers:** - Florida's hot, humid climate creates 12-month cooling demand with minimal seasonal dip. - Aging housing inventory in Palm Beach and Broward counties drives replacement and upgrade cycles. - Growing regulatory requirements (SEER standards, refrigerant phase-downs) force equipment upgrades. - Population growth in South Florida expands the addressable market annually. **Customer Retention:** Maintenance agreement customers show high retention rates; the 24/7 emergency service capability builds trust and repeat business.
**Team:** Operates with a field workforce of HVAC technicians, installers, and service advisors, supported by a dispatch and customer service center. The broader platform employed 500+ professionals across multiple Florida locations at peak. **Service Model:** 24/7 availability with same-day and emergency service capability. Technician-dispatch model with company-provided vehicles and uniforms. Online booking and call-center intake. **Key Operational Strengths:** - Multi-location presence across South Florida provides geographic coverage and brand recognition. - 24/7 service availability differentiates from smaller competitors. - Standardized operating procedures for installation, repair, and maintenance. - Fleet of service vehicles enabling rapid response times. **Facilities:** Two Boca Raton locations — a registered office and a corporate office at 1825 NW Corporate Blvd, Suite 110, Boca Raton, FL 33431. **Key Suppliers:** Major HVAC equipment manufacturers (Rheem, Trane, Goodman, Lennox, American Standard, Ameristar) and parts distributors.
**Quick Wins:** - Expand maintenance agreement enrollment — only a fraction of repair customers are currently converted to recurring service contracts; a dedicated retention program could double the recurring revenue base. - Cross-sell indoor air quality and plumbing services to the existing HVAC customer database — low customer acquisition cost for high-margin add-ons. **Medium-Term Plays:** - Add adjacent South Florida locations (West Palm Beach, Fort Lauderdale, Miami) — the restructured platform model supports rapid geographic expansion into underserved pockets. - Launch a dedicated commercial/property management division — large HOA and property manager accounts offer contract-based recurring revenue. **Long-Term Upside:** - Build a digital-first customer acquisition engine (SEO, paid search, review management) — HVAC companies with strong online presence capture disproportionate local market share. - Introduce smart home / IoT-enabled HVAC monitoring as a premium subscription tier — early movers in predictive maintenance capture higher lifetime customer value. - Franchise or license the operating model to independent HVAC operators in new states, creating a capital-light expansion path.
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Asking price
$150,000,000USD
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