Heartland Home Services, Inc.

Sell-side

Exclusive Financial Advisor, December 2020

Heartland Home Services, Inc.
Sale to The Jordan Company and Cobepa

Heartland is a leading technology-enabled provider of residential HVAC, plumbing, electrical and indoor air quality services in the Midwestern United States. The Company provides replacement, repair and maintenance services, with a large and growing installed base. Heartland has assembled a platform of well-recognized brands including Randazzo Heating & Cooling, Vredevoogd Heating & Cooling, A+ Derr Heating & Cooling, Hager Fox Heating & Cooling, First Call Plumbing and Blind & Sons Heating, Cooling, Electric. Headquartered in Macomb, Michigan, Heartland has completed nine acquisitions since 2017, strategically expanding its operations in Michigan, Ohio, Indiana, Kentucky and Wisconsin.

North Branch Capital is middle market private equity firm based in Oak Brook, Illinois, with a long history investing alongside and partnering with management teams in the industrials sector. North Branch specifically targets businesses that lead with engineering excellence or value-added services in order to solve complex customer problems.

The Jordan Company, founded in 1982, is a middle market private equity firm that manages funds with original capital commitments in excess of $13 billion with a 38-year track record of investing in and contributing to the growth of many businesses across a wide range of industries. The senior investment team has been investing together for over 20 years, and they are supported by the Operations Management Group, which was established in 1988 to initiate and support operational improvements in portfolio companies. Headquartered in New York, TJC also has offices in Chicago.

Based in Brussels and New York, Cobepa is a privately-held investment company backed by European families. Cobepa manages a diversified portfolio of private equity investments valued at approximately $3.0 billion. Cobepa invests in leading companies with superior business models, sustainable market positions and leading management teams. Cobepa is primarily focused on investments in the business services, tech-enabled services and healthcare sectors as well as situations which might benefit from a nimble investment partner.

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