Partners Group, a global private markets firm, announced strong growth at its US HVAC portfolio companies, DiversiTech and PremiStar, as extreme weather increases demand for cooling. Since their acquisition in 2021, DiversiTech has seen revenues rise 60%, while PremiStar's revenues have doubled. The companies have delivered EBITDA growth of 14% and 22% CAGR, respectively.
The robust financial performance reflects tailwinds in the US HVAC market, including the increasing occurrence of extreme weather conditions, which highlight the importance of HVAC system maintenance to maximize unit performance and efficiency. Other tailwinds include the rapidly ageing installed base of HVAC units, the need to upgrade units to be more energy efficient, and the rise of building automation solutions.
Leveraging its investment platform, Partners Group has recognized best practices across both companies to implement transformational value creation plans designed to support future growth. This includes investing in operations, supply chains, and technology, as well as executing selective add-on acquisitions.
Wolf Scheider, Head of Private Equity at Partners Group, said: "Across our HVAC portfolio, we are seeing organic, disciplined growth. As heat waves become a defining challenge of how we live and work, demand for HVAC parts and maintenance is rising. Our portfolio companies are essential to helping communities and enterprises adapt to these conditions, with meaningful growth runway ahead as value creation initiatives mature."
Partners Group, headquartered in Switzerland with a primary presence in the Americas in Colorado, manages over USD 186 billion in assets globally. The firm's operationally oriented approach focuses on transforming businesses into market leaders. For more information, visit www.partnersgroup.com.
