RedBlue Heating & Refrigeration Inc

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RedBlue Heating & Refrigeration Inc - overview

Established

1993

Location

Victoria, BC, Canada

Primary Industry

Heating, Cooling & Ventilation Equipment and Services

About

Based in Canada, RedBlue Heating & Refrigeration Inc delivers essential HVAC, plumbing, and electrical services, serving both residential and commercial clients in various regions, including Greater Victoria. RedBlue Heating & Refrigeration Inc, founded in 1993 in Victoria, Canada, provides HVAC, plumbing, and electrical services, focusing on both residential and commercial sectors. The company has made significant strides in enhancing its service offerings and expanding its operational reach. The firm has executed a total of one deal, with its most recent deal occurring on July 22, 2025.


The firm was founded by individuals whose previous histories are not disclosed. RedBlue specializes in providing comprehensive HVAC, plumbing, and electrical services, catering to both residential and commercial clients across various geographical markets, including Greater Victoria and other regions in British Columbia. The company's core offerings encompass HVAC installation, repair, and maintenance, alongside plumbing services that ensure efficient water systems and emergency plumbing solutions, available 24/7. RedBlue's electrical services include safe and efficient power solutions, ensuring compliance with the highest safety standards.


Their sheet metal services focus on custom fabrication and ventilation, further enhancing the efficiency of HVAC systems. With a commitment to customer satisfaction, RedBlue aims to address critical issues such as inadequate heating or cooling, plumbing malfunctions, and electrical inefficiencies, ensuring optimal comfort and safety for their clientele. RedBlue operates primarily on a service-based revenue model, focusing on direct transactions with homeowners and businesses. The company charges clients for individual service calls, which encompass various aspects such as installation, repair, and maintenance of HVAC systems, plumbing, and electrical services.


The pricing structure includes a 10% discount for veterans and seniors on service calls up to USD 1,000, demonstrating the company’s commitment to community support. Revenue is generated through one-time service fees, with potential upselling of maintenance contracts or additional services during client interactions. The firm’s offerings, including HVAC systems, plumbing solutions, and electrical services, are designed to meet diverse client needs, thus establishing a reliable income stream from a broad customer base. In July 2025, Alphi Capital invested in RedBlue Heating & Refrigeration Inc.


The investment will allow RedBlue to enhance its resources and capabilities. As part of its future growth strategy, RedBlue is exploring the design and launch of new product offerings, although specific details on these products and release dates have not been disclosed. Additionally, the company plans to expand into new markets and geographic regions, with specific targets yet to be announced.


Current Investors

Alphi Capital

Primary Industry

Heating, Cooling & Ventilation Equipment and Services

Sub Industries

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

Website

www.redbluehvac.com

Company Stage

Mature - Growth Capital

Total Amount Raised

Subscriber access only

RedBlue Heating & Refrigeration Inc - 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)
GrowthCompletedRedBlue Heating & Refrigeration Inc-

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