Private Equity

Gi Partners Joins Charlesbank Capital Partners To Accelerate Growth At American Residential Services

by vcaonline.com posted 1week ago 27 views
MEMPHIS, Tenn., September 15, 2020-- American Residential Services (ARS), the nation's largest provider of residential heating, ventilation, air conditioning (HVAC) and plumbing services, announced today 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. 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.

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