DFX Intelligence
Private equity buyers of HVAC companies
DFX currently tracks 25 private equity firms named as buyers in 40 dated HVAC transactions, as of 8 September 2026.
Updated . Ranked by transactions, then the date of the latest.
| # | Name | Transactions | Last 24 months | Latest | Latest company |
|---|---|---|---|---|---|
| 1 | Edgewater Services, LLC | 5 | 1 | 22 September 2025 | Four HVAC/R Coil Manufacturers |
| 2 | LP First Capital LLC | 5 | 1 | 8 April 2025 | Harrington Air Conditioning |
| 3 | Thompson Street Capital Manager LLC | 4 | 0 | 1 March 2022 | Canady’s Heating |
| 4 | Quad-C Management, Inc. | 2 | 2 | 25 August 2026 | Altman Air Conditioning |
| 5 | Gamut Capital Management, L.P. | 2 | 1 | 5 March 2025 | Sierra Air Conditioning |
+20 additional private equity buyers of HVAC companies are on the graph
Every name, figure and source on each row, and the record behind it, for 7 days.
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How this list is made
- A transaction counts when its announcement headline names HVAC work, or DFX tagged the company bought as HVAC. The match is on words, not on a classifier, and every match was read when the list was built.
- A firm counts when the announcement names it as the private equity sponsor on the buy side, directly or through a portfolio company making an add-on, and DFX has resolved it to a firm record.
- Each firm is counted once per transaction. Ranked by transactions, then by the date of the latest.
What is counted
Included
- Dated private equity transactions in the DFX transaction record whose target is in HVAC.
Left out
- Strategic acquirers with no private equity sponsor named.
- Lenders, advisers and co-investors named on the same deals.
- Transactions with no announcement date.
Notable facts
- The most active buyer has 5 transactions on record.
- 10 firms have bought more than once.
- 24 transactions were add-ons to a platform the sponsor already owned.
- 12 buyer-transactions fall in the last 24 months.
Related questions
- Private equity buyers of dental practices and dental service organizations
- Private equity buyers of accounting and tax firms
- Private equity buyers of insurance agencies and brokers
- Private equity buyers of home services companies
- Private equity buyers of wealth management firms
- Private equity buyers of plumbing companies
- Private equity buyers of roofing companies
- Private equity buyers of industrial services companies
Sources
- Press releases and portfolio news published by the buyers, the sellers and their advisers, each kept with its URL
- 20 distinct publishing sites behind the transactions on this page
Every source DFX reads is listed with its rights determination on the sources page.