Right Time Group of Companies Acquires Climate Air Heating and Cooling

Continuous growth in Ontario to better serve our customers

ST. CATHARINES, ON, December 9, 2021 / CNW / – Right Time Group of Companies (“Right Time” or the “Company”) announced the acquisition of Climate Air Heating & Air Conditioning. Founded in 2002, Climate Air provides residential heating, cooling, air quality and hot water services to homeowners. City of Barrie, Ontario, and the surrounding area. Climate Air management and employees will join the Right Time team and benefit from Right Time’s management and training capabilities. Terms of the transaction were not disclosed.

Right Time is continually looking to add new residential HVAC and home service locations to its existing network in Canada. Interested owners are requested to contact Curtis Budgell at the contact details below for more information.

Climate Air is the eleventh acquisition by Right Time. Craig goettler, CEO of the company, said, “Right Time immediately took note of the long-standing activity Dennis kavaratzis built from the ground up at Climate Air. It is in this spirit that Climate Air will remain a local company, committed to serving the community and the inhabitants of Barrie. New and existing customers will continue to benefit from the high level of customer satisfaction for which the Climate Air brand is known. “

“For twenty years, Climate Air has been a successful family business in Simcoe County, dedicated to serving our community and providing excellent customer service,” said the owner of Climate Air. Dennis kavaratzis. “We are very happy to join The Right Time Group. Our mission has always been to provide the best in-home comfort experience for sales, facilities, service and customer service. With the support of The Right Time Group, we will achieve our goals and continue to provide optimal service. “

About the right time
Right Time is Canada’s leading independent heating, ventilation and air conditioning (“HVAC”) contractor focused on the residential market. Right Time now operates at 17 sites in Ontario, Manitoba, Saskatchewan, Alberta, and British Columbia with more than 700 employees, and provides preventive maintenance programs, repairs and replacements of domestic HVAC units. For more information, please visit www.bon-temps.ca. Right Time is majority owned by Gryphon Investors, one of the leading mid-market private equity firms.

About Gryphon Investors
San Francisco-based Gryphon Investors (www.gryphoninvestors.com) is a leading private equity firm focused on profitable growth and improving the competitiveness of middle market companies in partnership with experienced management. The company has managed more than $ 7.50 billion in equity and capital investments since 1997. Gryphon targets $ 50 million to $ 300 million equity investments in holding companies with enterprise values ​​ranging from about $ 100 million to $ 600 million. Gryphon prioritizes investment opportunities where it can form strong partnerships with owners and managers to build leading businesses, utilizing Gryphon’s capital, specialized professional resources and operational expertise.

Contact:
Curtis Budgell, Vice-President, Corporate Development
Group of companies at the right time
[email protected]
204-296-8420

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SOURCE Right Time Group of Companies

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Show original content: http://www.newswire.ca/en/releases/archive/December2021/09/c0021.html

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