Articles Tagged with ''private equity firm''

Nexstar Network just made a move most companies wouldn’t dare: It walked away from 50% of its revenue. The reason? To double down on its mission of serving independent contractors, not private-equity-backed businesses. Here’s how they made this bold decision and what it means for the home services industry.  

Messy books, small size, or fear of losing control? Separate fact from fiction in PE home-service deals.

“As NexCore eclipses its two-year anniversary, we’re thrilled to welcome the Action Air and Accutemp teams to the platform, whose commitment to their customers and employees alike aligns exactly with what we’re building,” said Steve Knowles, NexCore CEO.

Launched in June, the new e-commerce platform allows customers to browse and purchase HVAC products and services directly from each Southern Home Services brand’s website, and will expand into plumbing and electrical in the near future.

 Malco Tools celebrates its 75th anniversary by forming The Malco Group, expanding its portfolio while navigating the complexities of private equity ownership. 

Private equity interest in HVAC contractors is evolving, with major firms now acquiring established platforms. This is leading to big payouts for contractors.

This facility will support the continued rollout of Granite’s EASE Comfortâ product, which allows homeowners to replace their residential HVAC systems with no upfront cost as part of a long-term, recurring revenue contract.  

Behind the buyouts — as private equity takes over, will profits come at the expense of people in HVAC?