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Who owns your HVAC company?

Dozens of familiar Front Range HVAC companies have been acquired by private equity firms. The name on the truck stays the same. The ownership does not. This database exists so you know before you call.

PE Roll-Ups
VC-Backed
Locally Owned
Local + VC
Solar
Total Tracked
Sources Acquisition announcements · Private-equity portfolio pages · Company press releases · Public filings · Direct evidence links
Ownership Breakdown
97
Total
Locally Owned
Solar
PE Roll-Ups
Local + VC
VC-Backed
Search the database
Type any company name, city, or PE firm below, or use the filter buttons to browse by ownership type.
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Make the database easier to auditSort cards, open evidence links, copy direct entries, and report corrections from each result.
New: clickable article and source links are now live on company cards. Open the evidence links directly from each entry to review acquisition announcements, portfolio pages, and public ownership claims.
Announcement: thank you to everyone who has messaged in recently. Updates with verified acquisitions will be released soon.
PE Roll-Up
VC-Backed
Locally Owned
Solar
Local + VC Backed
Quick Reference
10 companies to know
Click any card to jump to that company in the database above.
PE Roll-UpsPrivate equity owned, local name preserved
AAA Service Plumbing, Heating & Electric
Golden / Denver / Fort Collins
Flint Group / General Atlantic
Welzig Heating & Air
Longmont
Apex Service Partners / Alpine
Swan Heating & Air
Loveland / Denver
Champions Group / Blackstone
Plumbline Services
Centennial / Denver
Wrench Group / Leonard Green
VC-BackedVenture capital funded startups
Elephant Energy
Boulder / Broomfield
Building Ventures, $12.3M
Zero Homes
Denver
Prelude Ventures, $16.8M
Jetson Home
Englewood
Eclipse Ventures, $50M
Locally OwnedNo PE or VC identified
Independent Power
Boulder
Family-Owned · Solar
Save Home Heat
Boulder
Local · Est. 1979
Blue Sky Plumbing
Wheat Ridge
4th Generation · Est. 1916
Colorado Front Range PE timeline
PE-backed ownership timeline

This section now lists every PE-backed contractor currently tracked in the database, including the acquisition date or the date status currently under review.

The obstacle is not that it happened. The obstacle is not knowing it happened.
See national context: how Colorado fits the larger pattern
The Colorado acquisitions are part of a national consolidation wave

Private equity began targeting residential HVAC in earnest around 2015, drawn by predictable recurring revenue, fragmented local ownership, and homeowners who have no choice but to call when the heat fails. Colorado's Front Range became one of the most active acquisition markets in the country. The platforms are not local. The strategy is uniform: acquire the trusted name, keep the trucks, change the incentive structure, prepare for exit.

$2.5B
Blackstone / Champions Group valuation (2026)
$1.3B
Wrench Group debt load (Plumbline parent, 2025)
5-7yr
Typical PE hold before exit or resale
97
Colorado Front Range companies currently tracked
Ownership Due Diligence Guide
Eight ownership signals to check before you sign anything
01

Your "local" brand may be a national roll-up

Private-equity platforms often acquire local HVAC companies and keep the trucks, uniforms, website, and name unchanged. The customer-facing brand can look local while the ultimate owner is a national platform or investment fund.

Sources: Press releases, acquisition announcements, and evidence links cited per company entry.
02

The owner of record matters

The name on the van is not always the legal entity, parent company, or financial sponsor. This tool separates the operating brand from the corporate parent, platform, and investor when those links can be documented.

Check: Operating company, parent company, platform, and financial sponsor.
03

Franchise brands can hide the real structure

Some national HVAC brands operate through franchises, affiliates, regional operators, or corporate-owned locations. A familiar brand does not automatically tell you whether the local branch is locally owned, franchised, or owned by a private-equity-backed platform.

Check: Franchise disclosure, local license holder, and ultimate parent.
04

VC-backed platforms are different from local contractors

Venture-backed companies may look like local electrification providers, but their risk profile is tied to investors, growth targets, funding rounds, and future acquisition potential. The issue is not whether the model is bad. The issue is whether the ownership structure is clear.

Check: Funding rounds, investors, headquarters, and operating entity.
05

Roll-up platforms buy trust first

The core roll-up strategy is simple: acquire companies with local reputation, preserve the public brand, consolidate back-office functions, and grow valuation across multiple markets. The brand history and the current owner may tell two different stories.

Check: Acquisition date, seller announcement, buyer announcement, and portfolio page.
06

Recent ownership changes deserve extra scrutiny

A recent acquisition can create a transition period where the website, trucks, ads, and customer scripts still sound local while the company is already operating under new ownership.

Check: Deal date, press release date, BBB profile changes, and state filings.
07

Evidence links are the product

The database is strongest when every contested claim has a direct source: press release, portfolio page, acquisition notice, BBB profile, public filing, or archived company statement. Unsourced ownership claims should stay marked as working-file items until verified.

Check: Evidence links on each card and confidence badge.
08

Corrections keep the database honest

Ownership structures change. Companies are bought, sold, recapitalized, rebranded, or moved between platforms. The correction workflow exists so contractors, homeowners, and researchers can submit better ownership evidence.

Check: Last reviewed date and correction link on each company card.
Data note. Ownership data is compiled from public acquisition announcements, portfolio pages, business filings, press releases, and field intelligence. Ownership structures change; always verify current ownership before relying on any entry. This database is a consumer education resource and does not provide legal or financial advice.
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This database is a public resource. If something is wrong or missing, we want to know. Every verified correction is updated promptly.

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