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New Deal


Announced

Odyssey Investment-backed Service Champions to acquire Sierra Air.

Financials

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Transaction Value-
Consideration TypeCash
Capital Owned-
Capital Bid For100%
EV/Sales-
EV/EBITDA-
Share Price Premium-
One Off Charge-

Tags

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Private

home services

Single Bidder

Private Equity

Pending

Acquisition

air conditioning

Household Equipment and Products

Domestic

United States

Majority

heating

Friendly

Synopsis

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Odyssey Investment-backed Service Champions, a provider of essential home services specializing in heating, air conditioning, and plumbing services, agreed to acquire Sierra Air, a home services company in Reno, Nevada. Financial terms were not disclosed. "Sierra is a natural complement to Jet Plumbing, and we are thrilled to extend market share by combining our businesses and leveraging our collective operational and marketing expertise. This transaction represents a natural fit for our long-term growth plan to be the largest residential HVAC and plumbing services company in the Western United States," Leland A. Smith, Service Champions Founder and CEO.

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