Goodwin Procter LLP advised American Residential Services on the deal.
American Residential Services (ARS), the nation’s largest provider of residential heating, ventilation, air conditioning (HVAC) and plumbing services, announced that GI Partners, a leading private investment firm, is making a majority investment in the company. Existing investor Charlesbank Capital Partners (Charlesbank) and management are also making significant new investments in the business.
ARS serves both residential and light commercial customers by providing heating, cooling, indoor air quality, plumbing, drain cleaning, sewer line, radiant barrier, insulation, and ventilation services. Based in Memphis, Tennessee, ARS operates a network of more than 70 locally managed service centers in 23 states, with approximately 6,500 highly talented employees and the largest team of HVAC technicians and plumbers in the U.S.
Based in Boston and New York, Charlesbank is a middle-market private investment firm managing more than $7 billion of capital.
The Goodwin team was led by James Curley (Picture), Joseph Bernardi, Matthew McCoy and Lindsay Reed.
Law Firms: Goodwin Procter;
Clients: American Residential Services LLC;