Right Time Group acquires AtlasCare
By HPAC MagazineHPAC General Management Gryphon mergers and acquisitions
AtlasCare is the fifth acquisition completed by Right Time, and the first following the Group's acquisition by San Francisco-based private equity firm Gryphon Investors in December 2020.
Right Time Group of Companies, a residential HVAC contractor group owned by San Francisco-based private equity firm Gryphon Investors with regional locations in Ontario, Manitoba and B.C., has acquired Atlas Service Company Inc. based in Oakville, Ont. and owned by CEO Roger Grochmal since 1986.
AtlasCare is the fifth acquisition completed by Right Time, and the first following the Group’s acquisition by Gryphon in December 2020. Right Time is intent on developing a national footprint via acquisitions or partnerships with residential HVAC replacement contractors.
“Right Time is very pleased to welcome AtlasCare to the Right Time family. We have long been impressed by the business that Roger Grochmal and his son, Michael Grochmal, have built at AtlasCare and are excited about this partnership,” said Right Time CEO Jeremy Hetherington in a company release.
Management and employees of AtlasCare will join the Right Time team.
“AtlasCare has a long history and a strong culture, and when it came to entrusting that legacy to a buyer, Right Time was the natural choice,” said Roger Grochmal in the release.
Right Time, founded in 2014 and headquartered in St. Catharines, now operates out of 12 Canadian locations across Ontario, Manitoba, and B.C. with over 450 employees