February 9, 2023, Cincinnati, OH – TP4 Advisors Inc is pleased to announce that they served as sell-side advisor to National Heating and Air Conditioning Company in the successful transition of ownership to Heartland Home Services.
National is a 90-year old, Cincinnati based family held business that offers comprehensive heating and air conditioning services, connected home technology and a National Trade Academy training center.
"The TP4 Advisors, Inc. team of Brian Russell and Todd Pfister provided valuable insight with their ability to assist in the successful expedited process while achieving our objectives." said Scott Braun, President National Heating and Air-conditioning company. Braun also added "The heartland home services business model was a great fit for our team to continue leading the local business and have the support of Heartland for growth."
Todd Pfister, Partner of TP4 Advisors, also commented on the transaction:
“It was great to help a longtime friend, Scott, realize the efforts of his family’s hardwork in a transition that was a win for everyone. Our TP4 Advisors team worked alongside Scott as he evaluated multiple options (strategic buyers and private equity firms executing a rollout strategy) that maximized valuation and created the right fit for his team members.”
About National Heating and Air Conditioning Company
National Heating and Air Conditioning offers comprehensive heating and air conditioning services including installation, repair and maintenance services for gas furnaces, boilers, electric heat pumps, geothermal heating systems, air conditioning units, and ventilation equipment.
About TP4 Advisors Inc
TP4 Advisors Inc provides comprehensive financial services to business owners ensuring they keep their enterprise running optimally for compliance, performance, organic growth, acquisitions and/or divestiture. For more information, please visit us at www.tp4advisors.com
About Heartland Home Services
Heartland is the leading technology-enabled provider of repair, replacement, and maintenance services for the HVAC, plumbing, and electrical markets in which we operate. The Company operates through dozens of brands across the eastern half of the United States. For more information, please visit us at www.heartlandhomeservices.com. For media inquiries related to this article, please contact Rob Rotondo, VP of Marketing for Heartland Home Services // rob@heartlandhsc.com.
