DALLAS–(BUSINESS WIRE)–CenterOak Partners LLC (“CenterOak”), a Dallas-based private equity firm, today announced its portfolio company Service Champions has acquired ABC Cooling Heating & Plumbing (“ABC”), a long-tenured provider of residential air conditioning and plumbing repair services headquartered in Hayward, California. ABC has provided high quality service to homeowners across the greater East Bay metropolitan area for over 65 years.

“We are excited to expand our footprint into the East Bay and solidify our position as the largest residential services provider across both Southern and Northern California”

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This transaction marks Service Champion’s fifth acquisition since CenterOak completed a majority investment in May 2019 and expands Service Champion’s residential service agreement base to over 45,000 across the state of California.

“We are excited to expand our footprint into the East Bay and solidify our position as the largest residential services provider across both Southern and Northern California,” said Leland Smith, founder and Chief Executive Officer of Service Champions. “The acquisition of ABC brings us some very talented employees, a large established customer base, as well as a beachhead for significant expansion initiatives we have underway in East Bay. Over the next several months we will be opening additional locations throughout East Bay to provide our customers unmatched service levels throughout the region.”

“We view this acquisition as a win for both our customers as well as our staff,” said Frank DiMarco, Chief Operating Officer of Service Champions. “As we continue building density in Northern California, our employees now have the flexibility to work across East Bay, North Bay or Sacramento, participate in world-class training programs, and be a part of a rapidly growing organization.”

“Service Champions has been actively expanding over the past twelve months to better serve customers in key regions across the Western United States,” said Lucas Cutler, a Managing Partner of CenterOak. “ABC’s location density in a strategic area combined with Service Champion’s commitment to operational excellence made this an ideal fit for the Service Champions platform.”

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.”