Casteel Acquires AccuTemp. The acquisition marks the second for Casteel and reinforces Horizon’s strategy of building market-leading home services businesses in its core markets.
Casteel Heating, Cooling, Plumbing, and Electrical (“Casteel”), a subsidiary of Horizon Group Holdings (“Horizon”), and a leading home services company serving the Atlanta metropolitan area, announced today that it has acquired AccuTemp Heating-Cooling Inc. (“AccuTemp”). The acquisition marks the second for Casteel, which acquired Knight Heating and Air Conditioning in 2018 and reinforces Horizon’s strategy of building market-leading home services businesses in its core markets.
Founded in 1989 by Jerry McAnally, AccuTemp is a leading residential HVAC contractor servicing North Atlanta. “We are delighted to partner with AccuTemp and to have so many talented technicians join our team. Jerry has built an exceptional company with a best-in-class brand and culture,” said Gary Obert, Vice President of Horizon’s Southeast Region. “Partnering with AccuTemp supports our goal of providing the best HVAC, plumbing, and electrical customer service in Atlanta.”
“I have spent my entire career building AccuTemp and I am thrilled that AccuTemp will be joining forces with Casteel,” said Jerry McAnally. “Casteel’s core value of ‘Always Do the Right Thing’, aligns perfectly with AccuTemp’s culture.”
Gary Obert further commented, “Horizon strives to be an acquirer of choice, especially in our core markets along the East Coast. We seek to partner with best-in-class companies by being flexible in our acquisition approach and by bringing significant investment to our partner brands post-closing.”
HVAC business broker Patrick Lange with Business Modification Group represented the seller in the transaction. He adds, “This is a great example of two companies coming together for the benefit of the customer. I’m thrilled to have contributed to this win-win relationship.” Congratulations to the buyer and the seller where Casteel acquires AccuTemp.
About Horizon Group Holdings
Founded in 1987, Horizon Group Holdings is one of the largest and most referred home services companies in the United States. It specializing in heating, air conditioning, plumbing, drain cleaning, and electrical repair. Horizon is based in Wilmington, DE. It maintains brands along the East Coast, including Delaware, Pennsylvania, New Jersey, Connecticut, Maryland, Georgia, Virginia, and Florida.
Horizon currently operates thirteen locations between Connecticut and Florida. Also, Horizon employs more than 1,500 team members. It has expanded rapidly in recent years. Entering new markets organically and through acquisitions, including the acquisition of Hartford, Connecticut-based HARP in May 2016. Additionally, the acquisitions of Atlanta, Georgia-based Casteel Heating and Cooling and New Jersey-based Gold Medal Services in June 2017. And the acquisition of King of Prussia, Pennsylvania-based ServiceMark in August 2018. Furthermore, the acquisition of Sterling, Virginia-based Snell Heating & Air Conditioning in January 2019 and the acquisition of Jacksonville, Florida-based Bill Fenwick Plumbing in March 2019. After that, the acquisition of Broomall, Pennsylvania-based WM Henderson Plumbing, Heating & Cooling in April 2019. And finally, the acquisition of Springfield, Virginia-based Shanahan’s Heating & Cooling in July 2019.
About Patrick Lange:
Patrick Lange is an experienced HVAC specific business broker with Business Modification Group based in Horseshoe Beach, Florida. He has a unique background in financial planning and has even owned an HVAC business himself. This makes him well suited to working with some of the most successful HVAC business owners in the country. Specializing in companies with 1-10 million dollars in revenue, he maintains a network of buyers and sellers in the industry. He has sold more HVAC businesses than any other broker in the United States over the last 12 months. He is currently the Vice President of the Business Brokers of Florida (North Florida District.)
Patrick has a Bachelor’s degree in Business Administration and Management from the University of Florida. In his downtime, he enjoys fishing and spending time with his wife Jennifer and extended family.