HVAC Value Fund Created to Acquire Southwest HVAC Businesses
It is expected to close on two acquisitions shortly
LYNCHBURG, Va. — 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. This investment will be managed by Nathan Reid and JNJ Investments.
Reid is the managing member of JNJ Investments and a portfolio manager with Bridge Reid Funds, a value-oriented investment partnership. He previously founded Southwest Realty & Property Management, a property management company with 1,200 residential units under management. This company was sold earlier this year to Property Frameworks, a subsidiary of Realogy Holdings Corp.