TORONTO — Clairvest Group Inc. announced that Clairvest and Clairvest Equity Partners V made a growth equity investment in Right Time Heating and Air Conditioning Canada Inc. Clairvest partnered with the two co-founders who will continue to own 50 percent of the business after Clairvest’s investment.
Right Time is an independent HVAC contractor focused strictly on the residential replacement market. Right Time operates out of seven locations in Ontario and Manitoba, and provides preventative maintenance programs, repairs, and replacements of household HVAC units. Clairvest will support the existing management team to continue to build out the company’s corporate infrastructure, increase investment in marketing, and assist with future acquisitions.