Percheron Capital to acquire a majority stake in McWilliams & Son.

Percheron Capital, a private equity firm, agreed to acquire a majority stake in McWilliams & Son, a residential HVAC and plumbing services platform. Financial terms were not disclosed. "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. The Company is supported by advanced technology, systems and processes, and has a strong track record of growth through both organic initiatives and strategic acquisitions. We look forward to leveraging Percheron's deep operational capabilities to support the next phase of McWilliams' rapid growth," Chris Lawler, Percheron Co-Founder and Managing Partner.