Plumbing & HVAC Industry News

Blackstone's Perpetual PE Strategy Acquires Champions Group

Odyssey Investment Partners, which announced its acquisition of the business as Service Champions in January 2021, sold to Blackstone and kept a significant minority stake alongside management. Terms were not disclosed.

Howerton Plumbing Acquired by Blackthorn Capital in Two-Company Closing

Founder Tony Blackthorn, formerly in a New York investing role, closed on Howerton and New Carlisle's Kirkwood Heating & Cooling on the same day in February 2026.

Goldman Sachs-Backed Sila Services Acquires Best Heating & Air Solutions

The West Lafayette, Ohio, Lennox dealer came to Sila as one of five companies in NEOH, the group built by Chad Simpson and Steve VanHorn. Sila's announcement did not disclose terms.

Goldman Sachs-Backed Sila Buys Coblentz Plumbing Solutions in NEOH Deal

The Hartville, Ohio plumber is the lone plumbing company among the five NEOH businesses Sila bought, alongside three heating and cooling brands and a duct cleaner. Terms were not disclosed.

Sila Acquires NEOH, the Ohio Group That Includes Simpson Heating & Air

The Goldman Sachs-backed platform adds five Ohio HVAC, duct-cleaning, and plumbing companies plus Trade Masters Academy, a group Chad Simpson and Steve VanHorn founded and led. Terms were not disclosed.

Goldman Sachs-Backed Sila Acquires Bonsky Heating & Cooling in Ohio

The Uniontown contractor, serving Northeast Ohio since 1927, was one of five companies Sila bought together as the NEOH group, along with a training academy. Terms were not disclosed.