December 2 2020
Heartland Home Services Adds Action Plumbing and AC Engineers to Its Portfolio of Brands
North Branch Capital (“North Branch”) announced today that its portfolio company, Heartland Home Services, has added Action Plumbing (“Action”) and AC Engineers (“ACE”) to its collection of high quality home services brands in the Midwest. Headquartered in Sun Prairie, WI, Action is one of the largest providers of non-discretionary, residential plumbing, HVAC replacement and maintenance, and electrical services serving the Madison, WI market. AC Engineers is headquartered in Shelby Township, MI and will be an extension to Heartland’s flagship brand in Southeast Michigan, Randazzo Heating & Cooling.
October 26 2020
North Branch Capital Raises $132 Million Inaugural Fund
North Branch Capital (“North Branch”) announced today the final close of its inaugural fund, North Branch Capital Fund I, L.P. (the “Fund”). North Branch closed with LP commitments of $132 million, exceeding its target and original cap. North Branch received commitments from a well-respected group of limited partners, including insurance companies, fund-of-funds, family offices, charitable foundations and high net worth individuals. Importantly, every Partner and Employee of North Branch made a significant commitment to the Fund alongside these limited partners.
October 7 2020
North Branch Continues Home Services Expansion into Ohio
North Branch Capital (“North Branch”) announced today that its portfolio company, Heartland Home Services, has added Blind & Sons (“Blind”) and Superior Drainage (“Superior”) to its collection of high quality home services brands in the Midwest. Headquartered in Barberton and Akron, Ohio, Blind and Superior are the largest providers of non-discretionary, residential HVAC replacement and maintenance, plumbing and electrical services in Northeast Ohio.
June 25 2020
Heartland Home Services Acquires First Call Plumbing
North Branch Capital, LLC (“North Branch”) announced today that its portfolio company, Heartland Home Services (“Heartland”), has acquired First Call Plumbing, Inc. (“First Call”). Based in Jenison, Michigan, First Call is a leading provider of residential plumbing services. First Call has over a 20 year history in the greater Grand Rapids, Michigan market.
March 3 2020
North Branch Capital Creates Leading Midwest, Residential Home Services Platform with Acquisition of A+ Derr
North Branch Capital (“North Branch”) announced today that it has formed Heartland Home Services (“Heartland”) with its acquisition of A+ Derr Heating & Cooling (A+ Derr), a leading provider of non-discretionary, residential HVAC replacement and maintenance services in Southern Indiana and Louisville. Heartland, with over 350 employees, is a leading Midwest, residential services platform offering HVAC, electrical and plumbing services to homeowners in Michigan, Indiana and Kentucky.