Sun Capital Partners, Inc. (“Sun Capital”), a leading private investment firm specializing in leveraged buyouts and investments in market-leading companies has acquired Horizon Services, Inc. (“Horizon,” or “the Company”) through an affiliate. Horizon Services is the premier residential provider of plumbing, heating and air conditioning services in key markets in the Northeast. Terms of the private transaction were not disclosed.
Founded in 1987, Horizon Services is the region’s largest and most-referred home services company, specializing in heating, air conditioning, plumbing, drain cleaning, and sewer and water line replacement and repair. Horizon is also a leading seller and installer of energy-efficient heating and cooling systems in the mid-Atlantic.
“We’re eager to leverage our knowledge of the home and business services industry to help grow Horizon Services even further,” said Marc Leder, Co-CEO of Sun Capital. “Horizon’s founders and management team have built a great company, and we look forward to working with them to maximize the business’s potential.”
Horizon currently operates six locations between Connecticut and Maryland, and manages more than 500 HVAC professionals. The Company has expanded rapidly in recent years, entering new markets organically and through acquisitions, including the acquisition of Hartford, Connecticut-based HARP in May 2016.
SF&P Advisors served as financial advisor to Sun Capital, and Morgan, Lewis & Bockius LLP provided legal counsel. Horizon Services was advised by the align5 team of STS Capital Partners.