Purge Rite, LLC
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Purge Rite, LLC - overview
Established
2010
Location
Willis, TX, US
Primary Industry
Construction
About
Founded in 2010 by co-founder and CEO Russell V. Buras and based in Texas, US, Purge Rite, LLC operates as a service provider that offers water-based HVAC (heating, ventilation, and air conditioning) systems and geothermal systems and services. In November 2025, Vertiv Group Corp. , a portfolio company of Wellington Management and Westfield Capital Management, agreed to acquire Purge Rite, LLC from Milton Street Capital for USD 1 billion plus up to USD 250 million contingent on 2026 performance metrics.
The transaction, which is subject to customary closing conditions and regulatory approvals, is expected to close in the fourth quarter of 2025. The firm specializes in offering flushing services and hydronic piping services to ensure optimal hydronic and geothermal performance. In addition. The firm offers mechanical flushing, geothermal purging, remediation, documentation of flush plans or reports, and value engineering services for water-based HVAC and geothermal systems.
The company also provides consulting services. The company aims to use the October 2023 acquisition support to expand its geographic reach and increase its capacity to maintain the flexibility and service levels for its customers.
Current Investors
Milton Street Capital
Primary Industry
Construction
Sub Industries
Facilities & Maintenance Services, Waste Management, Construction, Heating, Cooling & Ventilation Equipment and Services
Website
www.purgerite.com
Company Stage
Mature - Buyout
Total Amount Raised
Subscriber access only
Purge Rite, LLC - 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) |
|---|---|---|---|---|---|---|---|---|---|---|---|
| Add-on, Trade Sale | Announced | Purge Rite, LLC | - | ||||||||
| Buyout | Completed | Purge Rite, LLC | - |
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