USA Hometown Experts exploring sale, reports say
While the reported process is in the early stages, it follows a string of private equity-backed platform activity this year
Image: Memphis, TN, where USA Hometown Experts is headquartered, via Adobe
MSouth Equity Partners, the private equity sponsor of residential HVAC, plumbing, and electrical platform USA Hometown Experts, is exploring a sale of the company, according to two reports this week.
The backdrop: USA Hometown Experts, formed in 2022 and focused on the South, has a footprint across seven states, according to its website, though it doesn’t disclose the specific contracting brands it owns.
- The company generates between $30 and $40 million of EBITDA, news outlet The Deal wrote in a members-only report, while PE Hub, an investor-focused news and data company, placed the figure at $30 million.
Representatives for USA Hometown Experts didn’t respond to Homepros’ requests for comment.
Between the lines: MSouth launched the sale process in late April, according to The Deal, and tapped Citizens Bank’s investment banking arm as its sell-side advisor, both news outlets noted.
The big picture: While the reported process is in the early stages, it follows a string of private equity-backed platform activity this year, including Blackstone’s $2.5 billion acquisition of Champions Group, American Residential Services’ (ARS) reported sale process, and Redwood Services’ recent acquisition of a group of five contracting businesses.
Keep reading
Trump’s first 60 days: The impact on the HVAC industry
A look at several initiatives, including tariffs, energy efficiency regulations, and rebates from the President's first 60 days
House members clash over bill that would nix HVAC tax credits
U.S. House members are pushing back against their colleagues over Monday's tax bill, which would sunset two consumer-facing HVAC tax credits
HVAC Wrapped: 2024 in Review
A lot happened in 2024, so we rounded up some highlights, by quarter, as the year winds down