Industries:
Business & Professional Services
Description:
TurnPoint provides a comprehensive range of HVAC, plumbing and electrical services. The Company was established in 2016 with Trivest’s investment in Dauenhauer Heating & Air. Since the initial investment, TurnPoint has completed 16 add-on acquisitions, increased its revenue by nearly 10x, and grown its employee base from 160 to nearly 2,000. The Company currently operates in thirteen states throughout the Southeast and Midwest regions, and is nationally recognized as a Top-10 HVAC and plumbing services business.
Led by a world-class management team, TurnPoint’s data-driven business model is transforming the delivery of home services and demonstrating the significant advantages of a platform at scale. The Company will leverage the investment and support from OMERS to continue its rapid growth as a leading platform in the sector.
Ownership:
Trivest Partners
Transaction Type:
Sellside Advisory
Situation
BlackArch was retained by Trivest Partners to serve as its exclusive financial advisor.
BlackArch's Customized Solution
The transaction furthers BlackArch’s position as an advisor-of-choice for leading essential and home service companies and is representative of the firm’s focus on providing unique M&A advisory services to market-leading growth businesses. BlackArch leveraged its deep end market and business model knowledge to successfully navigate the post-COVID market and achieve a superior outcome for management and the shareholders.
Outcome
OMERS Private Equity has acquired TurnPoint Services from Trivest Partners. The Company’s integration capabilities and data-driven approach to HVAC, plumbing and electrical services position them as a highly differentiated service provider poised to rapidly scale. Management will continue to lead the platform and remain an integral part of the shareholder group during the Company’s next phase of growth.
