furnaceguys Home Heating & Cooling

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furnaceguys Home Heating & Cooling - overview

Established

2008

Location

Saskatoon, SK, Canada

Primary Industry

Heating, Cooling & Ventilation Equipment and Services

About

Furnace Guys specializes in providing HVAC solutions, including heating, cooling, and plumbing services aimed at enhancing residential comfort and efficiency. Founded in 2008 and headquartered in Saskatoon, Canada, Furnace Guys operates in the HVAC sector, focusing on heating and cooling solutions for residential clients. The company was acquired by Right Time Heating & Air Conditioning Canada Inc. in October 2021, enhancing its capacity to deliver customer service.


Craig Goettler, the CEO, has a background in the HVAC industry, contributing to the firm's operational strategies. Furnace Guys offers a comprehensive range of HVAC services, focusing on heating, cooling, and plumbing solutions tailored to residential customers. Core offerings include the installation, maintenance, and repair of furnace systems, air conditioning units, heat pumps, boilers, and water heaters, as well as additional services such as air duct cleaning, water filtration, and emergency plumbing repairs. Their licensed technicians utilize industry-leading technology and techniques to ensure optimal performance, energy efficiency, and improved indoor air quality for homeowners.


The company has been operational since 2008, serving customers primarily in Saskatoon and surrounding regions, where they cater to homeowners looking for reliable solutions to maintain comfort in varying seasonal climates. Furnace Guys generates revenue through direct transactions with residential clients for a variety of HVAC services. Their business model includes both one-time service fees for installations and repairs, as well as potential maintenance plans that provide ongoing support to clients. Typical transactions may involve clients requesting emergency HVAC repairs or seasonal maintenance services, where technicians are dispatched to assess and address specific issues within their homes.


Pricing structures for individual services depend on the nature of the work, with installation costs for energy-efficient systems such as furnaces and air conditioners reflecting the complexity and materials required for each job. The firm focuses on building long-term relationships with customers through quality service and satisfaction guarantees. Following its acquisition in October 2021, Furnace Guys plans to leverage the resources of Right Time Heating & Air Conditioning Canada Inc. to enhance customer service capabilities.


The company intends to explore the introduction of new products in the HVAC space, although specific details and timelines have not been disclosed. Additionally, there are intentions to expand its geographic footprint into neighboring markets, aiming to reach new residential clients. The acquisition's rationale highlights a commitment to improving service standards, which will be a foundational aspect of their growth strategy.


Current Investors

Right Time Heating & Air Conditioning Canada Inc.

Primary Industry

Heating, Cooling & Ventilation Equipment and Services

Sub Industries

Facilities & Maintenance Services, Financial Services, Heating, Cooling & Ventilation Equipment and Services

Website

www.furnaceguys.com

Company Stage

Add-on

Total Amount Raised

Subscriber access only

furnaceguys Home Heating & Cooling - 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)
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