Percheron to acquire HVAC and plumbing services platform McWilliams & Son

When the deal closes, McWilliams' CEO Trey McWilliams will remain a significant investor and continue to lead the company.

  • The company was founded in 1974 in Texas by the McWilliams family
  • Percheron invests in services businesses
  • Percheron has over $1 billion in assets under management

Percheron Capital has agreed to acquire a majority stake in McWilliams & Son, a residential HVAC and plumbing services platform. No financial terms were disclosed.

Following the transaction, McWilliams’ CEO Trey McWilliams will remain a significant investor and continue to lead the company.

The company was founded in 1974 in Texas by the McWilliams family.
Chris Lawler, co-founder and managing partner of Percheron, said in a statement: “The residential HVAC and plumbing services market has been a thematic investment priority for Percheron given the industry’s large size, non-discretionary services, strong and resilient growth and high fragmentation. We are thrilled to partner with Trey McWilliams and his team, who have built a rare platform with best-in-class operational and performance metrics, including leading customer service scores, technician productivity and retention.”

Percheron Capital is a private equity firm focused on partnering with exceptional teams to build market-leading services businesses. Percheron has over $1 billion in assets under management and focuses on investing in strong services businesses in resilient end markets, including animal health, automotive, education, food & beverage, healthcare & wellness, and residential.