“Can a PE-backed commercial HVAC and plumbing services operator build a dominant regional platform in the Southeastern US through acquisitions of owner-operated businesses?”
Founded approximately 20 years ago to fill a gap in commercial and industrial HVAC and plumbing services for businesses in Nashville, TN. The company has grown through organic expansion into adjacent service lines (plumbing, building automation, construction) and is now executing a PE-backed roll-up strategy in the Southeast, targeting HVAC and plumbing businesses with $10–40M in revenue. In 2024, private equity sponsor Point 41 Capital Partners acquired Interstate AC, funding the transaction with a senior credit facility arranged by Monroe Capital. The company now also acts as an acquirer itself, seeking partner businesses across the Southeastern US.
Interstate AC is founded in 2004 and headquartered in Nashville, TN, USA.
Get a read on where your own stack stands against Interstate AC and the rest of its category — what they built versus bought, which providers they use, and where the gaps in your own strategy and competitive set actually are.