Generational Equity Advises Elite Heating & Air in its Sale to Strikepoint Group Holdings

By Generational Equity

10/01/2021

Generational Equity, a leading mergers and acquisitions advisor for privately held businesses, is pleased to announce the sale of its client, Elite Heating & Air, to Strikepoint Group Holdings. The acquisition closed September 1, 2021.

Elite Heating & Air (Elite) is a trusted provider of heating, cooling, and plumbing services in Bradenton and Sarasota, Florida. Founded in 1999 by Todd Thompson, Elite’s outstanding local reputation is built on decades of positive word-of-mouth and client referrals evidenced by its rapid growth and 4.9 / 5.0 Google rating. The team takes great pride in being the area’s premier comfort specialists for hundreds of clients. Season after season, Elite goes the extra mile to ensure every job is completed the right way the first time, and that every homeowner is completely satisfied.

Founded in 1987, Strikepoint Group Holdings (SGH) is one of the largest and most referred home services companies in the United States, specializing in heating, air conditioning, plumbing, drain cleaning, electrical, and indoor air quality. Formerly known as Horizon Group Holdings, SGH is based in Newark, Delaware. The acquisition of Elite marks SGH’s tenth acquisition in the last twelve months.

“Partnering with Strikepoint was an easy decision,” Todd Thompson said. “SGH immediately recognized the commitment of our whole team and shared our excitement for continued brand growth.”

“It’s a pleasure to welcome Elite to our family of brands,” said Charlie Haines, CEO of Strikepoint Group Holdings. “The addition of this brand will not only expand our footprint in Florida but also provide new opportunities for growth and career development for their team. We’re looking forward to extending new levels of service to customers to build Elite’s stellar reputation further.”

Strikepoint Group Holdings continues to build partnerships with strong local companies like Elite, looking to grow its family of respected local and regional brands. SGH seeks brands that share a common commitment to continued professional development for employees and excellent customer service.

Generational Equity Executive Managing Director, M&A-Technology Practice Leader, David Fergusson, and his team, led by Senior M&A Advisor, Mike LoConte, with the support of Vice President Mergers & Acquisitions, Alex Mironov, successfully closed the deal. Senior Managing Director Thomas Hamm established the initial relationship with Elite.

“The entire Generational Equity team noted early on the fit of cultures and work ethic that promises to push both companies to greater heights,” said LoConte.