It is expected to close on two acquisitions shortly
June 28, 2016
Sitestar Corp. has announced the creation of the HVAC Value Fund LLC along with JNJ Investments. Sitestar has committed an initial $1 million investment to the HVAC Value Fund for the purpose of acquiring and managing HVAC companies in Arizona and throughout the Southwest.
Ken Goodrich, owner of Goettl Air Conditioning, announced that the company has returned to Las Vegas, opening a new office in the city to service the greater Las Vegas and Henderson, Nevada, areas to offer HVAC maintenance, repair, and replacement.
Expert contractors Dan Foley, Ken Barney, and Timothy Cutler will share stories and photos of jobsites from their careers. Some will be tales of warning from projects gone wrong, and some will be home run case studies. Contractors will be the target audience.
Articles about the shortage of qualified HVAC technicians primarily focus on the negative. Some suggest that the HVAC industry will be in serious trouble, especially when the residential and commercial sectors both build up a head of steam. But the laws of supply and demand may actually bring about the change that the industry needs.
Andrew John, owner of John’s Refrigeration Heating and Cooling, has announced the expansion of the company with the acquisition of another locally-owned HVAC business: Rom-air Inc. of Mesa, Arizona. John’s has been a family-owned business operating in the Phoenix metro area since 1970.
Buying a new construction-oriented HVAC contracting business in Indianapolis in 2007 was very risky, but growing that $2 million business during an economic downturn into a $27 million contracting giant in five years is almost beyond belief. How was it done?