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HVAC Residential MarketHVAC Breaking News Service Market

American Residential Services Acquires Greenstar Home Services

California location will retain Greenstar brand, Las Vegas location will be consolidated

January 15, 2016

MEMPHIS, Tenn. — American Residential Services (ARS), a national provider of HVAC and plumbing services, announced it has acquired the assets of Greenstar Home Services. Greenstar has two locations operating out of Orange, California, and Las Vegas, which provide homeowners with HVAC and plumbing services, installation, and repair. The location serving Southern California will retain the Greenstar brand and continue to operate as an independent service center. The Las Vegas location will be consolidated with ARS’ local brand, Yes! Air Conditioning and Plumbing®.

Greenstar’s CEO Jeremy Prevost and COO Colin Martodam will continue to serve as the leadership team for the Southern California operation. “The culture that Greenstar was founded on was demanding, execution-oriented, and certainly not guaranteed to mesh with the average home service company,” said Prevost. “It was, however, a culture that enabled Greenstar to grow exponentially and emerge as one of the industry leaders. In ARS, we have found a culture and a leadership team that embody the philosophies on which Greenstar was founded. Together we plan to install a fast-paced, customer centric, process-driven business culture that will take us to the next level. I am confident that, under the visionary leadership of Dave Slott and Don Karnes, Greenstar will realize its full potential.”

Don Karnes, chief executive officer of ARS, said, “We are excited to kick off the New Year by adding Greenstar Home Services to our network. This acquisition will allow us to bring world-class service to more customers in markets where we are already operating. United by our national network, Greenstar will continue to provide exceptional service to their customers while growing in ways they wouldn’t have been able to on their own.”

“We selected Greenstar Home Services to join the ARS network of companies because of their commitment to quality and service,” said Dave Slott, president and chief operating officer of ARS. “We are pleased to be partnering with the talented management team and warmly welcome them into our ARS family.”

ARS operates a network of more than 65 company-owned, locally-managed service locations spanning 22 states, with approximately 5,500 employees. The company serves both residential and light commercial customers, providing heating, cooling, IAQ, plumbing, drain cleaning, sewer line, radiant barrier, insulation, and ventilation services. For more information, visit www.ars.com.

Publication date: 1/15/2016

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KEYWORDS: acquisitions in the HVAC Industry Plumbing and HVACR

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