Right Time Group of Companies Acquires Haven Home ClimateCare
Strong growth remains Canada
ST. CATHARINES, ON, July 16, 2021 /PRNewswire/ — Right Time Group of Companies (“Right Time” or the “Company”) is pleased to announce the acquisition of Haven Home ClimateCare, which now operates as Haven Home. Founded in 1996, Haven Home provides residential HVAC, air quality and hot water services to the… Belleville, Kingston, and Brockville areas of Ontario. Haven Home management and employees will join the Right Time team and will benefit from Right Time’s management and training opportunities. The terms of the transaction have not been disclosed.
Haven Home is Right Time’s eighth acquisition. With the latest acquisition, the company continues to execute on its growth strategy and develop a national footprint through acquisitions of HVAC home replacement contractors focused on providing industry-leading service.
CEO at the right time Jeremy Hetherington said: “Right Time is delighted to welcome Haven Home to the Right Time family. We are impressed with the company Marci McMullen and André Soucy and look forward to continuing to deliver the excellent customer service symbolized by the Haven Home brand.”
“Over the past 25 years, we’ve built a strong business around great customer service,” says Haven Home owner Marci McMullen. “Working with Right Time was the natural choice. They have a great track record of integrating strong local businesses into their national brand and delivering the best customer service.
About the right time
Right Time is the leading Canadian independent heating, ventilation and air conditioning (“HVAC”) contractor targeting the residential market. Right Time now operates from 15 locations in Ontario, Manitoba, Alberta, and British Colombia with more than 600 employees, and offers programs for preventive maintenance, repairs and replacements of domestic HVAC units. For more information, visit www.righttime.ca. Right Time is majority owned by Gryphon Investors, a leading mid-market private equity firm.
About Gryphon Investors
Located in San Francisco, Gryphon investors (www.gryphoninvestors.com) is a leading private equity firm focusing on profitable growing and competitive mid-sized companies in partnership with experienced management. The company has succeeded $5.0 billion of equity investments and capital since 1997. Gryphon aims to make equity investments of $50 million to $300 million in portfolio companies with enterprise values ranging from approximately $100 million to $600 million. Gryphon prioritizes investment opportunities where it can form strong partnerships with owners and executives to build leading businesses, leveraging Gryphon’s capital, specialized professional resources and operational expertise.
Jason Pratt, FINANCE DIRECTOR
Right Time Group of Companies
SOURCE Right Time Group of Companies