Industry News

Redwood Makes Its First Oklahoma Investment in Hendrick Heat, Air & Plumbing

The Altas Partners-backed platform adds a Tulsa HVAC and plumbing company founded in 2020, and co-founder Justin Hendrick keeps running day-to-day operations. Terms were not disclosed.

Pettus Plumbing & Piping Joins Sylvan Group Platform, Owners Staying On

Co-owners Tony Robertson and Grover Johnson become equity owners in Sylvan and join its executive team; E-3 Tech has held a majority of Sylvan since March 2025. Terms were not disclosed.

Argosy Private Equity Acquires Controlling Interest in K&L Freight Management

The 1997-founded St. Charles, Illinois, 3PL becomes Argosy's newest platform investment, with its senior management team continuing and investing alongside the firm. Terms were not disclosed.

Goldman Sachs-Backed Sila Acquires Davis Heating and Air Conditioning

The Rocky Mount contractor, founded in 1947 and owned by CEO Chris Bishop since 2014, takes Sila into Western Virginia's Roanoke, Lynchburg and Danville regions.

H.Essers Enters the US Market by Acquiring Houston's Palmer Logistics

The family-owned Belgian logistics group, founded in 1928, keeps Palmer's 350 employees and management team and will move the business under its own brand in phases. Terms were not disclosed.

Lunsford Air Conditioning & Heating Joins Legacy Service Partners Platform

The Gridiron Capital-backed home services platform, based in Tampa, adds a Carrier dealer founded in 1981 with offices in Milton, Freeport and Pensacola. Terms were not disclosed.