Home Aire Care Heating and Cooling

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Home Aire Care Heating and Cooling - overview

Established

1978

Location

-, ON, Canada

Primary Industry

Heating, Cooling & Ventilation Equipment and Services

About

Home Aire Care Heating and Cooling specializes in providing HVAC solutions, including installation, maintenance, and repair services for heating and cooling systems, plumbing, and indoor air quality. Founded in 1978, Home Aire Care Heating and Cooling operates in Trenton, Canada, focusing on HVAC solutions for residential customers. The company was acquired by Right Time Heating and Air Conditioning Canada Inc. in June 2019, although the financial details were not disclosed.


Home Aire Care Heating and Air Conditioning primarily offers a comprehensive range of HVAC products and services, including installation, maintenance, and repair of heating systems, cooling systems, plumbing, and indoor air quality solutions. Their core product offerings encompass high-efficiency heat pumps, energy-efficient air conditioning systems, and both tank and tankless water heaters. The company also specializes in plumbing services, such as faucet repair and drain cleaning, as well as electrical installations for residential properties. These services are designed to meet the comfort needs of homeowners in Trenton and surrounding areas, including Belleville and Quinte West, by ensuring reliable temperature regulation and efficient water flow throughout the year.


The target customer base includes residential homeowners seeking dependable heating and cooling solutions, with a strong emphasis on providing emergency services available 24/7. Home Aire Care generates revenue through a direct-to-consumer model, providing services primarily to individual homeowners in the residential sector. The transaction structure typically involves one-time service fees for repairs and installations, as well as ongoing maintenance agreements that ensure regular system check-ups and repairs. The company may also offer promotional pricing for specific services, such as discounts on new air conditioning units or plumbing inspections.


Revenue is further supported by the sale of equipment, including high-efficiency heat pumps and water heaters, which are integral to their service offerings. These transactions underscore the company's commitment to delivering comprehensive home comfort solutions and enhancing customer satisfaction through quality service and expertise. Following its acquisition in June 2019, Home Aire Care Heating and Cooling plans to leverage the resources of Right Time Heating and Air Conditioning Canada Inc. to enhance its service offerings and expand its market presence.


The company is focusing on developing new product lines in HVAC technology to be launched within the next two years. Additionally, it is targeting regional expansion into neighboring markets such as Belleville and Quinte West by the end of 2024, utilizing the strategic advantages gained from the acquisition.


Current Investors

Right Time Heating & Air Conditioning Canada Inc.

Primary Industry

Heating, Cooling & Ventilation Equipment and Services

Sub Industries

Household Appliances, Home Repair Services, Heating, Cooling & Ventilation Equipment and Services

Website

www.homeairecare.ca

Company Stage

Add-on

Total Amount Raised

Subscriber access only

Home Aire Care Heating and 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)
Add-onCompletedHome Aire Care Heating and Cooling-

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