Service Experts LLC

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Service Experts LLC - overview

Established

1996

Location

Plano, TX, US

Primary Industry

Heating, Cooling & Ventilation Equipment and Services

About

Service Experts LLC provides a range of HVAC solutions, including installation, maintenance, and repair services, aimed at enhancing indoor comfort and energy efficiency for residential and commercial clients across the United States. Founded in 1996, Service Experts LLC specializes in HVAC solutions and is headquartered in Plano, Texas, US. The company was acquired by Enercare, LLC in May 2016 for USD 340. 75 mn following a deal concluded in March 2016, marking a strategic pivot to expand its operational scope.


Ron Pringle is noted as the founder of the company. Service Experts LLC specializes in comprehensive HVAC (Heating, Ventilation, and Air Conditioning) solutions, focusing on high-efficiency heating and cooling systems, including furnaces, heat pumps, and air conditioning units. Their core offerings encompass installation, maintenance, and repair services tailored to meet the needs of residential and commercial clients. These products serve to enhance indoor comfort, improve energy efficiency, and reduce operational costs for end users.


The company operates across various geographical markets, including major urban areas throughout the United States, such as Texas, Florida, and California. Its client base consists primarily of homeowners, property managers, and businesses seeking reliable climate control solutions. The company's revenue model is built on a combination of subscription-based services and direct transactions with customers. Clients typically engage in the Advantage Program™, which allows them to lease high-efficiency HVAC systems along with maintenance and repair services for a fixed monthly fee.


This model facilitates predictable revenue through long-term customer commitments while also providing immediate access to advanced HVAC technology without substantial upfront costs. The firm offers a range of services that include water heater installation and plumbing solutions, which contribute to its revenue streams. The pricing structure is designed to provide value through bundled services, enhancing customer satisfaction and retention over time. In alignment with its strategic growth objectives, Service Experts LLC is focusing on expanding its product offerings and geographic reach.


The company plans to develop and launch new high-efficiency HVAC systems by 2024 to meet increasing market demand. Additionally, it aims to enter emerging markets in the Midwest and Southeast regions of the United States by 2025. The funds acquired from the Trade Sale in 2016, amounting to USD 340. 75 mn, are expected to support these initiatives, facilitating investments in product development and market expansion.


Primary Industry

Heating, Cooling & Ventilation Equipment and Services

Sub Industries

Heating, Cooling & Ventilation Equipment and Services

Website

www.serviceexperts.com

Verticals

Manufacturing

Company Stage

Acquired

Total Amount Raised

Subscriber access only

Service Experts LLC - deals

Deals TypeDeal StatusTarget (s)Deal DateInvestor(s)Seller(s)Deal size (Mn)Enterprise value (Mn)Post-money valuation (Mn)EBITDA multiple (x)Revenue multiple (x)Lead partner (s)
Trade SaleCompletedService Experts LLC-
Corporate Carve OutCompletedService Experts LLC-

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Service Experts LLC - key contacts

NamePositionStart DateEnd DateVcardBio 
Chairman Of The Board Of DirectorsBM

BM Board Member

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