PE-backed Service Champions acquires three home service brands

Service Champions, a portfolio company of CenterOak Partners LLC, has acquired three California-based home service companies: Adeedo, JW Plumbing Heating & Air and A-Avis Home Services.

Service Champions, a portfolio company of CenterOak Partners LLC, has acquired three California-based home service companies: Adeedo, JW Plumbing Heating & Air and A-Avis Home Services. No financial terms were disclosed.

PRESS RELEASE

CenterOak Partners LLC (“CenterOak”), a Dallas-based private equity firm, today announced that its portfolio company Service Champions (the “Company”) has acquired Adeedo! (“Adeedo”), JW Plumbing Heating & Air (“JW”) and A-Avis Home Services (“A-Avis”), three market-leading home services brands serving the Los Angeles and Riverside, California markets. Including these transactions, Service Champions has completed eight acquisitions since CenterOak’s initial investment.

The combination of Adeedo and JW creates the largest residential services provider in the Los Angeles market. Additionally, through the partnership with A-Avis, Service Champions now has a brick and mortar presence in Riverside, which will ensure high quality service and offer access to a talented pool of technicians. Following the acquisitions, Service Champions will make significant investments in new facilities, information technology, and technician training capabilities to support accelerated growth throughout Los Angeles and Riverside.

“We are happy to have made these acquisitions in two large and fast-growing areas in California,” said Leland Smith, CEO of Service Champions. “Our team has been diligently searching for the right partners in these markets and are thrilled to welcome these three local market leaders to the Service Champions platform. We continue to see tremendous opportunity to scale Service Champions and further build on our position as the largest residential HVAC and plumbing services company in the Western United States.”

“The Adeedo, JW, and A-Avis transactions are key components of our aggressive add-on strategy for Service Champions,” said Lucas Cutler, a Managing Partner with CenterOak. “Service Champions now employs over 760 technicians performing over 250,000 service jobs annually across its growing branch network. These three transactions come on the heels of our recent expansion into San Diego and solidifies our leading market position while broadening our customer base in key markets.”

About Service Champions

Headquartered in Orange County, CA, Service Champions is a premier provider of essential home services specializing in heating, air conditioning and plumbing services. As the largest residential service provider in the Western U.S., Service Champions goes to market via four iconic local trade names – Service Champions, Moore Home Services, Bell Brothers and ASI. For more information, please visit www.servicechampions.com or www.moorehomeservices.com or www.bellbroshvac.com or www.asiheatingandair.com.

About CenterOak Partners LLC
CenterOak Partners LLC is a private equity firm with a focus on making control-oriented investments in middle market companies organized or operating in the United States. The Firm specializes in three key industry sectors: Industrial Growth, Consumer, and Business Services. Based in Dallas, Texas, the investment and portfolio management team has a strong history of creating significant value through operational improvement. CenterOak and its Partners have managed over $2.2 billion of equity capital commitments and have completed over 100 acquisitions, representing over $4.8 billion in transaction value. For additional information, please visit www.centeroakpartners.com.