lockett93 said:
Barkers Heating and Cooling has purchased Climate Doctors
Not necessarily.
Southern Air out of Louisiana bought Barkers and has now bought Climate Doctors.
Southern Air is owned by Apex Service Partners Private Equity
Apex Service Partners is funded by Alpine Investors which is also a private equity firm.
The rumor is they will move Barkers into Ed's new building and now operate under the Barkers name. Ed's brother in law (I think) is the GM of Barkers and Ed's brother is the salesman at Mullinix. It wouldn't surprise me if Mullinix doesn't fall next to Southern Air.
Nothing local about these guys. They care nothing about anything except the profit. They have some very lofty KPI goals that must be met. Typically the best employees leave very soon after acquisition.
I'm kinda glad that they've lost their local edge and look forward to picking up customers from them. Ed is a _____ but you cannot deny he grew a sizable business.
I've heard rumors that Alpine is heavily funded by Trane. Id say it's highly likely as all of these HVAC companies switch to Trane if they weren't already and they deal directly with Trane, not a distributor.
Good for them, they earned it. I'm not sure how long the ship will stay sailing but as the old saying goes "rising tides raise all ships". I'll all for higher margins.