Heartland Heating & Cooling
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Heartland Heating & Cooling - overview
Established
2003
Location
Grimes, IA, US
Primary Industry
Heating, Cooling & Ventilation Equipment and Services
About
Heartland Heating & Cooling, based in the US, specializes in HVAC services, offering repair, maintenance, and installation for heating and cooling systems, ensuring year-round comfort for residential and commercial clients. Heartland Heating & Cooling, founded in 2003, is located in Grimes, US. The company provides HVAC services focusing on heating and cooling solutions. It has completed a total of 1 deal, with its most recent deal occurring on November 15, 2025, when it was acquired by Merit Management Group.
Financial terms of the acquisition were not disclosed. Heartland Heating & Cooling specializes in HVAC (Heating, Ventilation, and Air Conditioning) services, primarily offering furnace and cooling system repair, installation, and maintenance. Their core products include high-efficiency furnace systems, ductless mini-split systems, and comprehensive maintenance plans designed to enhance system performance and longevity. The company serves homeowners and property managers in the Greater Des Moines area and extends its services to surrounding communities in Iowa, focusing on local engagement and customer satisfaction.
Heartland Heating & Cooling generates revenue through direct service transactions with residential and commercial clients, operating on a service-based model. The revenue comes from on-demand furnace repairs and installations, along with maintenance plans that customers can subscribe to. Their pricing structure includes various service tiers and maintenance options, emphasizing customer retention and satisfaction through quality service. Following its acquisition by Merit Management Group on November 15, 2025, Heartland Heating & Cooling plans to expand into wider market areas.
This strategic move is supported by the resources from the acquisition, enabling the company to enhance its service offerings and reach new geographic regions.
Current Investors
Merit Management Group
Primary Industry
Heating, Cooling & Ventilation Equipment and Services
Sub Industries
Heating, Cooling & Ventilation Equipment and Services
Website
www.heartlandheating.com
Company Stage
Mature - Buyout
Total Amount Raised
Subscriber access only
Heartland Heating & Cooling - deals
| Deals Type | Deal Status | Target (s) | Deal Date | Investor(s) | Seller(s) | Deal size (Mn) | Enterprise value (Mn) | Post-money valuation (Mn) | EBITDA multiple (x) | Revenue multiple (x) | Lead partner (s) |
|---|---|---|---|---|---|---|---|---|---|---|---|
| Buyout | Completed | Heartland Heating & Cooling | - |
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