NEWS

San Diego’s ASI Joins The SC Group

DALLAS–(BUSINESS WIRE)–CenterOak Partners LLC (“CenterOak”), a Dallas-based private equity firm, today announced that its portfolio company Service Champions (the “Company”) has acquired ASI Hastings Inc. (“ASI”), the largest provider of residential HVAC and plumbing services in San Diego, California.

“The ASI transaction comes on the heels of our recent expansion into the East Bay and we now have an exceptional portfolio of brands that maintain leading market positions in a number of large metropolitan areas across the state.”

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This transaction marks Service Champion’s sixth acquisition since CenterOak completed a majority investment in May 2019. ASI’s co-owners Phil and Ken Justo will continue in their existing leadership roles and become shareholders of the combined Company.

“We are incredibly excited to welcome ASI into the Service Champions family,” said Leland Smith, CEO of Service Champions. “ASI has built an exceptional reputation as the premier provider of residential HVAC and plumbing services throughout San Diego. We continue to see tremendous opportunity to scale Service Champions to build on our position as the leading residential HVAC and plumbing services company in the Western United States. Together with our partners at CenterOak we will continue to pursue both organic and acquisition-driven growth initiatives in key markets throughout the West.”

“The ASI team is thrilled to be joining Service Champions, an organization which shares our vision and commitment to our customers and employees,” said Phil Justo, President of ASI. “Partnering with the largest residential services provider in California will bring us significant financial resources to improve our training programs, attract talented employees, and accelerate our growth,” said Ken Justo, Vice President of ASI.

“Service Champions has been actively expanding over the last 18 months to build scale and better serve customers in key regions throughout California,” said Lucas Cutler, a Managing Partner with CenterOak. “The ASI transaction comes on the heels of our recent expansion into the East Bay and we now have an exceptional portfolio of brands that maintain leading market positions in a number of large metropolitan areas across the state.”


Service Champions Acquires Bell Brothers Plumbing, Heating & Air

DALLAS–(BUSINESS WIRE)–CenterOak Partners LLC (“CenterOak”), a Dallas-based private equity firm, today announced that its portfolio company Service Champions (the “Company”) has acquired Bell Brothers Plumbing Heating and Air (“Bell Brothers”), the largest provider of residential air conditioning and plumbing services in Sacramento, California.

“The combination of Service Champions and Bell Brothers brings together two of the strongest residential services companies in California”

The acquisition is the third since Service Champions received an investment from CenterOak and expands the Company’s footprint to over 40,000 residential service agreements. Bell Brothers’ co-founders Kenny and Jerry Bell will continue in their existing leadership roles and become shareholders of the combined Company.

“We are excited to welcome Bell Brothers to the Service Champions family,” said Leland Smith, CEO of Service Champions. “This transformative acquisition is a great example of why we partnered with CenterOak. Their expertise and resources helped us to complete this transaction efficiently, and we look forward to integrating Bell Brothers while upholding their stringent standards and commitment to customer service.”

“The Bell Brothers team is thrilled to be joining Service Champions, an organization that shares our vision and commitment to our customers and employees,” said Kenny Bell, President of Bell Brothers. Jerry Bell, Vice President of Bell Brothers said, “Partnering with Service Champions will bring us significant financial resources to improve our training programs, attract talented employees, and expand our service footprint.”

“The combination of Service Champions and Bell Brothers brings together two of the strongest residential services companies in California,” said Lucas Cutler, a Partner with CenterOak. “This marks an important milestone in executing on our long-term vision of building the market leading provider of residential services across the West Coast.”

Greenberg Glusker Fields Claman & Machtinger LLP served as legal counsel to Bell Brothers. Gibson, Dunn & Crutcher LLP served as legal counsel to CenterOak.

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The Service Champions Group is headquartered in Orange County, California and has been serving its residents and community for over 20 years.

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