Pine Tree Equity Accelerates Growth of Church Services with Third Add-On
Pine Tree Equity I, LP (“Pine Tree Equity”), a private equity firm based in Miami, FL, is pleased to announce that it has acquired a third add-on for Church Services (“Church Services” or the “Company”) in October 2009. Church Services, founded in 1990 and headquartered in Houston, TX, is a leading regional provider of residential maintenance, repair and replacement services in the areas of (i) heating, ventilation and air conditioning (“HVAC”), (ii) electrical, (iii) plumbing and (iv) foundation repair. For additional information on Church Services, please visit www.churchservices.com.
Pine Tree Equity partnered with the founding entrepreneurs of Church Services in July 2007 in order to aggressively pursue add-on acquisitions and materially expand the geographic base of the business throughout Texas. To date, Pine Tree Equity has acquired three add-ons in Austin, Dallas and Houston.
In combination with organic growth and a host of strategic initiatives, Pine Tree Equity has materially increased the revenue and scope of the Company. Pine Tree Equity is actively searching for add-on acquisitions of competitive or complementary companies – with revenue of $1.0 million to $10.0 million – in the areas of (i) HVAC, (ii) electrical or (iii) plumbing in Texas.
We are pleased to offer traditional referral fees for a closed transaction based on a signed fee agreement. For additional information, please call Jeff Settembrino at 305-808-9820.