Partners Group, a global private markets firm, announced strong growth at its two US HVAC portfolio companies, DiversiTech and PremiStar, as extreme weather conditions drive demand for cooling solutions. Since acquiring the companies in 2021, DiversiTech's revenues have increased by 60%, while PremiStar's revenues have doubled. The companies have achieved EBITDA growth of 14% and 22% CAGR, respectively, reflecting robust tailwinds in the HVAC market.
The growth is attributed to several factors, including the increasing frequency of extreme weather events, which underscore the importance of HVAC system maintenance for optimal performance and efficiency. Additionally, the aging installed base of HVAC units, the need for energy-efficient upgrades, and the rise of building automation solutions are contributing to sustained demand for both parts and services.
Partners Group has leveraged its investment platform to identify best practices across both companies and implement transformational value creation plans. These plans focus on investing in operations, supply chains, and technology, as well as executing selective add-on acquisitions to support future growth.
Wolf Scheider, Head of Private Equity at Partners Group, commented, "Across our HVAC portfolio, we are seeing organic, disciplined growth. As heat waves become a defining challenge of how we live and work, demand for HVAC parts and maintenance is rising. Our portfolio companies are essential to helping communities and enterprises adapt to these conditions, with meaningful growth runway ahead as value creation initiatives mature."
The announcement highlights the critical role HVAC systems play in adapting to climate change and the investment opportunities presented by this sector. For more information about Partners Group, visit www.partnersgroup.com.
