SF&P Advisors Provides Strategic Partnership Services on Sun Capital Affiliate’s Successful Acquisition of Horizon Services
BOCA RATON, Fla., April 18, 2017
BOCA RATON, Fla., April 18, 2017 /PRNewswire/ — SF&P Advisors, one of the country’s leading business sales and valuation firms to the HVAC and plumbing industry, announced today the successful completion of its most recent transaction. SF&P provided strategic partnership services to an affiliate of Sun Capital Partners, Inc., a leading private investment firm specializing in leveraged buyouts and investments in market-leading companies, in its acquisition of Horizon Services. Wilmington, Delaware-based Horizon Services is a leading residential provider of plumbing, heating and air conditioning services for the Mid-Atlantic region.
SF&P Advisors was instrumental in facilitating the deal from its earliest stages. In particular, the firm was responsible for identifying the two partners independently, analyzing their mutual needs and bringing them together to conduct the transaction.
“Finding the right fit for two partners like this is one of the biggest challenges in our industry,” said Fred Silberstein, founder and president of SF&P Advisors. “Horizon is a monumental company – they’re the area’s largest and most referred home services provider – and Sun Capital seeks opportunities where they can leverage their operational expertise to transform potential into results. Recognizing that this was a good fit for all parties and then working them through the process is something that we were able to do only because of our extensive, 20-year history making HVAC business sales happen.”
While the terms of the transaction were not disclosed, Horizon’s size is likely to make this one of the largest residential HVAC transactions of 2017. Horizon currently operates six locations between Connecticut and Maryland and manages more than 500 HVAC professionals.
“My partner Mark Aitken and I are tremendously excited by the opportunities this partnership creates for our company, our customers and our employees,” said Dave Geiger, co-president of Horizon Services. “As we move ahead, we are positioned for more growth than we’ve ever experienced, and it’s all because we were fortunate enough that SF&P could help us find the right partner with the right resources. Sun Capital’s team aligns perfectly with ours, from our vision for customer experience to our view on company culture.”
“SF&P has been a great partner. We’re excited to work with Horizon’s founders and management team to further grow this market leading business,” said M. Steven Liff, senior managing director at Sun Capital.
More information about SF&P Advisors is available online at www.SFPadvisors.com. Horizon Services can be found online at www.HorizonServicesInc.com, and Sun Capital can be found at www.SunCapPart.com.
About SF&P Advisors
SF&P Advisors is a full-service business valuation, accounting, research, financial analysis and success-strategy firm specializing in advisory, mergers and acquisitions for residential and commercial HVAC and plumbing contractor businesses. More information is available online at www.SFPadvisors.com.
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SOURCE SF&P Advisors