It takes more than determination and good intentions to make it in today’s HVAC world. It takes the support and backing of an experienced partner to realize significant scale and growth. We believe that together we can build the next great super-regional platform. Your industry experience combined with our record of successfully scaling businesses in competitive industries will result in the creation of the new leader in the HVAC services industry.
Who will help you take your company to “the next level”?
Whether you are seeking to expand your operations or looking for a strategic exit from your business, Allegent Services can provide the resources and strategies needed to accelerate the growth and success of your business.
Our mission is to be the partner of choice as you grow and transition your business.
When you join our family of companies, you benefit from:
Support and mentorship from professional leadership
Leverage of industry knowledge and experiences to create value
Significant access to capital to support growth
Experience in expanding customer base and service lines
Growth-oriented framework that delivers strong results and achieves long-term goals
Our Model
Allegent Services is looking to invest in small- to mid-sized privately-owned, top-performing HVAC companies. Our ideal partner is an entrepreneur, or management team, who wants to take some chips off the table, while at the same time dreams of the challenge of scaling their business to new heights. We can also partner with owners looking to retire from their business.
Our model is to partner with proven management teams to develop a solid framework designed specifically to meet your long-term goals. We provide access to industry leaders, financial resources, tools, and best practices that strategically improve processes, increase market share, and achieve operational and financial growth.
We believe that through our strategy your organization can capture new customers, gain market share, and transform into a formidable competitor and industry leader.
We’d love the opportunity to discuss the successful business you have built and where you would like to take it in the future. We believe that Allegent Services will be able to provide differentiated support as you seek to bring your business to the next level.
- Invest for growth in high-performing businesses
- Ensure operational efficiency
- Drive growth through regional expansion and customer acquisition
- Provide unparalleled access to tools and resources
- Focus on best-in-class customer service
- Secure leadership and retain top talent
Working Together
We believe that business is personal. When you care to build the right relationships with the right people, you create a distinct strategic advantage for your business.
We take our partnerships personally and want to partner with like-minded, highly-ethical management teams and entrepreneurs who share our desire to create the next great independent operator in the HVAC services industry. Whether you are looking to accelerate growth or seeking to transition out of your business, as a member of the Allegent Services family, you get a true, engaging partnership. We’ll work together to expand brand awareness of your company name while creating partnerships with other Allegent Services companies.
When you tap into our deep industry knowledge, expertise, and access to resources you are afforded a tremendous advantage not just to compete, but thrive in today’s HVAC world.
Perhaps most importantly, together we’ll build a company that our workers are proud to work for and take joy in providing world-class service to our customers. We’ll create an environment where we work hard, play hard, have fun and take enormous pride In the end result.
What are the benefits of joining the Allegent Services family of companies?
There are significant benefits to becoming a member of the Allegent Services family of businesses. Some of these benefits include:
Acquisition Criteria
Services
We strive to offer a broad line of services to maximize our relationship with customers. In addition to the traditional HVAC services we welcome electrical, plumbing, restoration services, air quality monitoring and other interior environmental services.
| PLATFORM | ADD-ON | |
|---|---|---|
| Revenue | >$15M Revenue | No Minimum |
| EBITDA | >$2.25M EBITDA | No Minimum |
Value Proposition
We are open to discuss partnerships with almost any business. However, we are specifically interested in partnering with companies with high-growth aspirations and a commitment to an ethical approach to customer satisfaction.
Organizations who display a higher level of responsiveness when engaging with customers and who demonstrate an emphasis on relationship-building, typically get preferential consideration.
Culture
We are looking to partner with businesses that have a vision to expand and grow their operations. They seek to build something of sustainable value and are not looking for a quick sell out. Typical sellers are owners, founders, and management teams seeking to take their business to the next level but lack the experience or resources to do it on their own. These sellers ideally want to stay on for the long-term to see their business expand and grow.
Partnering with Allegent Services
Our ideal partner will typically possess one or more of the following attributes:
- Owner or management team who has the drive to take their company to the next level
- A strong regional position in their industry
- Sole proprietors, founders, or family-owned businesses looking to sunset their involvement
- Business with strong cash flow and at minimum industry-standard EBITDA margins
- A growing customer base
- Looking for an exit strategy either today or in the future
When You Choose To Partner With Us You Can Expect
Each business and strategy requires different resources but depending on your needs we can provide:
> Strategic planning, growth studies, and market/competitive analyses
> Acquisition sourcing, execution, and integration
> Introductions to executives/experts
> Access to resources that smaller companies might not otherwise be able to access
Typical Milestones
Our approach is flexible and responsive to the needs of founders and management, and we will move at a pace with which you are comfortable. Some companies are at the early stages of evaluating how best to achieve their strategic objectives, while others have a clearly defined path forward and target timelines.
Meet the Team
John P. O’Connell
Chairman – Allegent Services
John is a C-level executive with 35+ years’ experience in leading high-performance growth-oriented teams. John had his start in big box retail working in senior positions in IT, Finance and Operations for Marshalls, Sears and Autozone. In 1999 John Co-Founded Wind River Environmental. In 2004 John became CEO and led Wind River Environmental through 75+ acquisitions, creating the largest company in the non-hazardous liquid waste industry. During his tenure as CEO, Wind River Environmental enjoyed two successful sales to Private Equity firms.
John’s experience in what may be the ultimate dirty job – septic and grease system pumping – can translate directly to success in the HVAC Services Industry. John is looking to partner with entrepreneurs who embrace the value of culture and high-performance teams in consistently exceeding customers’ expectations. Working together we will build a $30 – $50 million EBITDA, multi-platform company that will lead the industry in growth, customer satisfaction and having fun.
AEA Investors
AEA Investors LP was founded by the Rockefeller, Mellon and Harriman family interests and S.G. Warburg & Co. in 1968 and actively manages over $15 billion of invested and committed capital. AEA currently manages capital for an investor group that includes former and current chief executive officers of major multinational corporations, family groups and institutional investors from around the world. With a staff of approximately 75 investment professionals and offices in New York, Stamford, London, Munich and Shanghai, AEA focuses on investing in companies in the consumer products / retail, industrial, specialty chemicals and related services sectors.
The AEA Small Business Private Equity team is a strategy within AEA that currently manages over $1.5 billion of invested and committed capital. The small business team seeks to help grow and transform companies at the lower end of the middle market by sponsoring growing companies with proven management teams and superior business models.
