Silver State Refrigeration & HVAC, LLC

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Silver State Refrigeration & HVAC, LLC - overview

Established

2003

Location

Las Vegas, NV, US

Primary Industry

Heating, Cooling & Ventilation Equipment and Services

About

Silver State Refrigeration & HVAC, LLC is a specialized HVAC company providing tailored heating, ventilation, and air conditioning solutions for both residential and commercial clients across the southwestern United States. Founded in 2003, Silver State Refrigeration & HVAC, LLC operates in Las Vegas, US, focusing on HVAC solutions. The company has executed 1 deal, with its most recent deal occurring on July 31, 2024. The founder's past experience in the HVAC industry contributes to the company’s operational foundation.


Silver State is a local HVAC company specializing in heating, ventilation, and air conditioning solutions tailored for both residential and commercial clients. The company offers a comprehensive suite of products and services, including installation, maintenance, and repair of HVAC systems, aimed at improving indoor air quality and energy efficiency. Their core offerings focus on advanced climate control systems that integrate smart technology for user-friendly operation and optimal energy consumption. Silver State serves a diverse customer base, including homeowners, property management firms, and small to mid-sized businesses across various geographical markets spanning the southwestern United States, which includes regions known for extreme temperature variations that necessitate reliable HVAC solutions.


Silver State generates revenue through a structured business model that includes both service contracts and one-time transactions. Clients typically engage with the company through direct-to-consumer sales, where they can select from a range of HVAC systems and associated services, which may include routine maintenance plans designed to ensure system efficiency and longevity. The pricing structure is based on the specific needs of the clients, with options for customized HVAC solutions based on property size and customer requirements. Revenue is further bolstered by partnerships with suppliers for bulk purchases of HVAC equipment, allowing for competitive pricing and enhanced service offerings.


Flagship products, which include energy-efficient systems and smart HVAC controls, are central to their sales strategy, catering to the growing demand for sustainable and technologically advanced solutions in the market. In July 2024, Edgewater Funds invested in Silver State Refrigeration & HVAC, LLC. The capital aims to scale Silver State Refrigeration & HVAC, LLC's operations and support growth through future acquisitions. The company is planning to launch new products designed to enhance energy efficiency and smart HVAC solutions, with releases expected by the end of 2025.


Additionally, Silver State aims to expand its operations into new geographic regions, specifically targeting Arizona and New Mexico by mid-2026.


Current Investors

Edgewater Funds

Primary Industry

Heating, Cooling & Ventilation Equipment and Services

Sub Industries

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

Website

www.silverstate.com

Company Stage

Mature - Growth Capital

Total Amount Raised

Subscriber access only

Silver State Refrigeration & HVAC, 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-onCompletedAll American Mechanical Inc.-
Add-onCompletedAtlantic Coast Restaurant and Mechanical Services-
Add-onCompletedThe Whitman Company Inc.-
Add-onCompletedWestaire Heating & Air Conditioning, Inc.-
GrowthCompletedSilver State Refrigeration & HVAC, LLC-

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