The year of first water service is typically the same year the original house was built, but some communities may have used private wells prior to connecting to a public water system. DALLAS–(BUSINESS WIRE)–CenterOak Partners LLC (“CenterOak”), a Dallas-based private equity firm, today announced that its portfolio company Service Champions (the “Company”) has acquired Bell Brothers Plumbing Heating and Air (“Bell Brothers”), the largest provider of residential air conditioning and plumbing services in Sacramento, California. OKLAHOMA CITY–(BUSINESS WIRE)–Alpine Investors (“Alpine”), a middle-market private equity firm that partners with and develops exceptional people to grow businesses, today announced its partnership with Jackson Mechanical Service Inc. (“Jackson”), a leading commercial and industrial HVACR and boiler business based in Oklahoma City. Alpine Investors is a values-driven private equity firm that is committed to building leading companies by working with, learning from, and developing exceptional people. Randy Foster, president of The Artisan Group, a construction and design firm in the Pacific Northwest, agrees that general liability and workers’ compensation policies are critical. Such risks and uncertainties include, but are not limited to, the impact of the COVID-19 outbreak or future epidemics on our business, including the potential for job site closures or work stoppages, supply chain disruptions, construction delays, reduced demand for our services, or our ability to collect from our customers; the ability of our controlling shareholder to take action not aligned with other shareholders; the possibility that certain tax benefits of our net operating losses may be restricted or reduced in a change in ownership or a change in the federal tax rate; the potential recognition of valuation allowances or write-downs on deferred tax assets; the inability to carry out plans and strategies as expected, including our inability to identify and complete acquisitions that meet our investment criteria in furtherance of our corporate strategy, or the subsequent underperformance of those acquisitions; competition in the industries in which we operate, both from third parties and former employees, which could result in the loss of one or more customers or lead to lower margins on new projects; fluctuations in operating activity due to downturns in levels of construction or the housing market, seasonality and differing regional economic conditions; and our ability to successfully manage projects, as well as other risk factors discussed in this document, in the Company’s annual report on Form 10-K for the year ended September 30, 2020 and in the Company’s other reports on file with the SEC.
A lot of residential plumbing work is down to emergencies only, said Jacques Godin, the owner of Oromocto Plumbing and Heating. Dajadt Azakytu is the owner of DAZ Plumbing & Locating based in Waxahachie, Texas. This is why it is important to secure the services of a trusted and reputable contractor who can do leak detection in Napa County and plumbing in Sonoma County. Even people who want to fix their pipes themselves can’t find the right materials. Godin, who also owns the Plumbing and Heating Shops in Fredericton and Oromocto, said his workers have adopted very thorough practices to help prevent the spread of the coronavirus. IES is a holding company that owns and manages operating subsidiaries that design and install integrated electrical and technology systems and provide infrastructure products and services to a variety of end markets, including data centers, residential housing, and commercial and industrial facilities. Robbie Blankenship said, “After more than 40 years as a family-owned business, we are excited to join the IES family and continue to serve our customers through the Bayonet brand. Dwayne Collier, President of IES Residential, added, “As we seek to expand our capabilities beyond our core electrical offering, we are thrilled to have found in Bayonet a strong partner with an expertise in residential HVAC and plumbing, long-standing customer relationships, a mix of installation and maintenance revenue and a demonstrated track record of growth.
“Orion’s people-driven philosophy resonated with me and aligns with Jackson’s core values and commitment to our customers,” said Larry Beatty. “We intend to partner with companies whose commitment to winning through talent has made them the leaders in their markets. “The combination of Service Champions and Bell Brothers brings together two of the strongest residential services companies in California,” said Lucas Cutler, a Partner with CenterOak. Orion Group is a commercial facility services company seeking to partner with leading family-owned service providers with a focus on HVACR and plumbing. Alpine has been an investor in the HVACR and plumbing trades for more than a decade with its previous investment in The Wrench Group and current investment in Apex Service Partners. Jackson will serve as the foundation of Orion Group (“Orion”), Alpine’s newly formed commercial facility services platform. Orion plans to build a national platform by investing in leading local businesses with great cultures, attracting the best technical and managerial talent and creating unmatched growth opportunities for them. The installation of new lead service lines was prohibited in 1986, and the ban became effective in 1988. To date, there have been no national requirements to remove lead lines that were already installed and estimates indicate there may be 6.5 to 10 million lead service lines still delivering water.
Alpine intends to invest a meaningful portion of its recently raised $1 billion fund in family-owned commercial HVACR and plumbing businesses to build Orion into a national leader. Jackson Mechanical has proudly served facilities across the State of Oklahoma since its founding in 1957. Jackson has grown from a team of three to one of the largest independent commercial HVACR and boiler service providers in Oklahoma by providing customers exceptional service and developing the best technicians in the region. Service Champions has over 40,000 residential service agreements and goes to market via three iconic local trade names – Service Champions, Moore Home Services, and Bell Brothers. The acquisition is the third since Service Champions received an investment from CenterOak and expands the Company’s footprint to over 40,000 residential service agreements. Jeffrey Gendell, Chairman and Chief Executive Officer, said, “The acquisition of Bayonet strategically expands our geographic footprint into the attractive Florida market, while adding two new complementary trades in HVAC and plumbing. Customers are warned up front that they will be expected to stay at least two metres away – “and preferably in another room,” said Godin. This article is meant to provide you the all sorts of information related to this process, and will also convince you well about going for this service.
The Company undertakes no obligation to publicly update or revise any information, including information concerning its controlling shareholder, net operating losses, borrowing availability, or cash position, or any forward-looking statements to reflect events or circumstances that may arise after the date of this release. Unfortunately, many water systems do not have accurate information on the service line materials used at individual homes. Despite all the competitions and mud-slinging campaign from other companies, they continuously give utmost service every time a homeowner calls and trust their homes to Gillece. We understand that plumbing emergencies can happen at any time of the day (or night). In some cases, you can identify forward-looking statements by terminology such as “may,” “will,” “could,” “should,” “expect,” “plan,” “project,” “intend,” “anticipate,” “believe,” “seek,” “estimate,” “predict,” “potential,” “pursue,” “target,” “continue,” the negative of such terms or other comparable terminology. These statements involve risks and uncertainties that could cause the Company’s actual future outcomes to differ materially from those set forth in such statements. You should understand that such risk factors could cause future outcomes to differ materially from those experienced previously or those expressed in such forward-looking statements. For an instance, to pressure the valve all by yourself is much of a risk to take, reason being, dispersing of the tank is a tough job and any scalding may lead to hot water flood causing high skin burning and nerve damage to you and people in the home.