Gryphon Investors Completes Investment in Southern HVAC
Southern HVAC represents Gryphon’s second home services acquisition in the last 10 months.
Gryphon Investors has announced the acquisition of Southern HVAC from MSouth Equity Partners, a private equity firm based in Atlanta.
Southern HVAC represents Gryphon’s second home services acquisition in the last 10 months. In December 2020, Gryphon acquired Right Time Heating & Air Conditioning.
Southern HVAC and Right Time will be owned by NAEHS, but will continue to operate independently, maintaining their existing brand names and current management teams, while leveraging the combined scale and scope of the two businesses.
As part of the transaction, Ian McKeen has become CEO of NAEHS. McKeen, a dual U.S. and Canadian citizen, has spent more than 25 years in the home services industry and previously served as President & COO of Service Experts, a leading provider of residential HVAC and plumbing services in the United States and Canada.
McKeen mentioned, “The holding company structure will allow each company to share in best practices and benefit from scale advantages, while maintaining the separate strategies and management teams that have driven their success to date. I look forward to working with Southern HVAC CEO Bryan Benak and Right Time CEO Craig Goettler to continue building two of the best home services businesses in North America.”
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June 20, 2021