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Announced

Completed

The Jordan Company and Cobepa completed the acquisition of Heartland Home Services from North Branch Capital.

Financials

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Transaction Value-
Consideration TypeCash
Capital Owned-
Capital Bid For-
EV/Sales-
EV/EBITDA-
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Tags

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HVAC and plumbing maintenance

United States

Private

Single Bidder

Mechanical and Electrical Maintenance

Completed

Private Equity

Friendly

Domestic

Majority

Acquisition

Synopsis

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The Jordan Company, a middle-market private equity firm, and Cobepa, an investment company, completed the acquisition of Heartland Home Services, a provider of residential HVAC, plumbing, electrical, and indoor air quality services, from North Branch Capital, a lower middle market private equity firm. Financial terms were not disclosed. "We couldn't be more excited to partner with TJC and Cobepa for our next phase of growth as well as to continue our partnership with North Branch. There is a great cultural fit between our organizations and we share a vision for Heartland's future. TJC's and Cobepa's resources are significant and will enable us to accelerate our long-term growth plan," Bill Viveen Heartland CEO.

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