Gryphon-backed Right Time acquires Shines Energy in Nova Scotia
In a recent development, Right Time Heating and Air Conditioning, a company backed by Gryphon Investors, has announced its acquisition of Shines Energy, a leading provider of heating, ventilation, and air conditioning (HVAC) services in Nova Scotia, Canada. This strategic move is expected to strengthen Right Time’s position in the HVAC market and expand its presence in the Atlantic region.
Right Time Heating and Air Conditioning is one of the largest HVAC service providers in Canada, offering a wide range of services including installation, maintenance, and repair of heating and cooling systems. The company operates under various brand names, including Service Experts Heating & Air Conditioning, Enercare Home Services, and Francis Home Environment.
Shines Energy, on the other hand, has been serving customers in Nova Scotia for over 30 years. The company has built a strong reputation for its high-quality HVAC services and exceptional customer service. With a team of highly skilled technicians and a commitment to energy efficiency, Shines Energy has become a trusted name in the industry.
The acquisition of Shines Energy by Right Time is expected to bring several benefits to both companies. Right Time will gain access to Shines Energy’s extensive customer base in Nova Scotia, allowing it to expand its reach in the Atlantic region. Additionally, the acquisition will enable Right Time to leverage Shines Energy’s expertise and knowledge of the local market, ensuring a seamless integration and enhanced service offerings.
For Shines Energy, becoming part of Right Time will provide access to additional resources and support from a larger organization. This will enable Shines Energy to further enhance its service capabilities and offer a broader range of solutions to its customers. The acquisition will also provide growth opportunities for Shines Energy employees, as they become part of a larger network with increased career development prospects.
Both companies share a common commitment to providing exceptional customer service and promoting energy efficiency. This alignment of values is expected to result in a smooth transition and a seamless integration of operations. Customers of Shines Energy can expect to continue receiving the same high-quality service they have come to expect, with the added benefits of Right Time’s extensive resources and expertise.
The acquisition of Shines Energy by Right Time is part of Gryphon Investors’ strategy to support the growth and expansion of its portfolio companies. Gryphon Investors is a leading private equity firm that specializes in partnering with middle-market companies and helping them achieve their full potential. With its financial backing and industry expertise, Gryphon Investors will provide Right Time with the necessary resources to capitalize on the opportunities presented by the acquisition.
Overall, the acquisition of Shines Energy by Right Time Heating and Air Conditioning is a significant development in the HVAC industry. It brings together two reputable companies with a shared commitment to customer service and energy efficiency. This strategic move is expected to strengthen Right Time’s position in the market and provide growth opportunities for both companies. Customers can look forward to continued high-quality service and an expanded range of solutions as a result of this acquisition.
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- Source: Plato Data Intelligence.