HVAC Breaking News

July 29, 2011: Bonney Plumbing, Heating & Air Acquires D&D Plumbing, Heating & Cooling

July 29, 2011
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DALLAS - Generational Equity, a leading advisor to privately-held and family-owned businesses for mergers, acquisitions, and strategic growth initiatives, has announced the sale of its client, D&D Plumbing, Heating & Cooling, a provider of residential plumbing and HVAC services in Vacaville, Calif. The acquiring company is Bonney Plumbing, Heating & Air, a Sacramento, Calif.-based residential and commercial service provider. Bonney was funded by Skylight Capital, a Seattle-based private equity group. The value of the transaction was not disclosed.

“D&D Plumbing presented an excellent growth opportunity for Bonney,” said Mark Bonney, founder of Bonney Plumbing, Heating & Air. “We are excited to be servicing Vacaville and surrounding communities as we begin our expansion toward Marin County and the Bay Area.”

In March 2008, Generational Equity assisted with Skylight Capital’s investment in Bonney Plumbing, Heating & Air. The investment was led by managing director, Eric Sanderson, who stated at that time, “Bonney Plumbing will now have additional capital to expand its services and market territory to better serve its customers and offer employees greater advancement opportunities. In addition, Skylight will see a lot of reward from the growing company.”

Ryan Binkley, president of Generational Equity, said, “Generational Equity believes that every deal we do should be a win-win for the seller (our client) and the buyer. There are few things more rewarding in this industry than seeing a ‘done deal’ that continues to prosper and grow post-closing. It was particularly rewarding to see a former client of ours that has been able to continue to grow in a challenging economic climate by partnering with a new client of ours.”

For more information about D&D Plumbing, Heating & Cooling, visit www.dndphc.com. For more information about Bonney Plumbing, Heating & Air, visit www.bonneyplumbing.com.

For more information about Generational Equity, visit www.genequityco.com.

Publication date: 07/25/2011

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