Goettl Home Services, LLC

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Goettl Home Services, LLC - overview

Established

1939

Location

Las Vegas, NV, US

Primary Industry

Heating, Cooling & Ventilation Equipment and Services

About

Goettl Home Services offers professional HVAC and plumbing solutions, focusing on installation, maintenance, and repair services, ensuring customer comfort and reliable home infrastructure across multiple states in the US. Goettl Home Services specializes in HVAC and plumbing solutions. Founded in 1939 and headquartered in Las Vegas, US, the company has undergone changes in ownership, with the most recent acquisition by Cortec Group in December 2021 from Baum Capital Partners and Tree Line Capital Partners. Founder Lane Post established the firm, which now operates under the leadership of CEO Jake Gress and Kenneth Goodrich.


The company has completed two significant deals, with the latest occurring on December 10, 2021. Goettl Air Conditioning and Plumbing provides a range of HVAC and plumbing services, including air conditioning repair, maintenance, installation, heating system services, emergency plumbing, and sewer and drain solutions. Their offerings are designed to address essential residential comfort needs and ensure efficient climate control, serving customers in Arizona, California, Nevada, and Texas. Goettl's revenue model is based on one-time service transactions and subscription-based maintenance plans like the "Sadie Maintenance Plan," which includes routine inspections and priority scheduling.


Pricing aligns with industry standards, reflecting the complexity and urgency of services provided to clients. Future growth for Goettl includes launching new product offerings and expanding into additional markets, although specific details on new products and targeted regions were not disclosed. The acquisition in December 2021 positions the company to enhance its operational capabilities and market reach using the resources gained from this transaction.


Current Investors

Cortec Group

Primary Industry

Heating, Cooling & Ventilation Equipment and Services

Sub Industries

Heating, Cooling & Ventilation Equipment and Services

Website

www.goettl.com

Company Stage

Mature

Total Amount Raised

Subscriber access only

Goettl Home Services, 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)
Add-onCompletedNevada Heating, Cooling, Plumbing, Fireplace, Inc.-
Secondary BuyoutCompletedGoettl Home Services, LLC-
Add-onCompletedEternal Plumbing Solutions LLC-
Add-onCompletedWill's All Pro Plumbing & Air Conditioning-
Add-onCompletedDutton Plumbing, Inc.-

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