Dubin Clark's AWHAP acquires Temperature Control
Affordable Water Heaters and Plumbing (AWHAP), a portfolio company of private equity firm Dubin Clark, has completed the acquisition of Temperature Control, Inc. Financial terms of the transaction have not been disclosed.
AWHAP, headquartered in Valencia, California, is a leading in-home provider of water heater and plumbing services, including same-day water heater replacement, repair and installation of gas and electric water heaters, installation of tankless water heaters, and ancillary water heater and plumbing services. AWHAP has established a reputation for expertise, workmanship, and honesty in the water heater installation industry that sets them apart in the market. Dubin Clark initially invested in AWHAP in July 2020.
Temperature Control is a leading provider of HVAC installation and replacement services for high-end residential customers throughout the Los Angeles area. The company installs and replaces entire HVAC systems, as well as replacing individual components in older systems with a focus on maintenance and remodelling activities. In addition, Temperature Control offers a variety of ventilation and air quality products and services that are designed to create healthier indoor spaces and support the current consumer focus on indoor air quality standards. Temperature Control is headquartered in Woodland Hills, CA.
Mike Hompesch, Partner at Dubin Clark, says: “Temperature Control is an excellent fit for AWHAP. The acquisition will allow AWHAP to broaden its service offering and provides access to customers in a niche market. We look forward to working with management to leverage access to these new markets to drive growth and create value across the combined company.”
Alex Stuckey, CEO of AWHAP, says: “We are excited to add Temperature Control to the AWHAP family as we build a comprehensive home services platform. We look forward to working together to pursue the new growth opportunities afforded by our combined businesses. In addition, we are working hard to integrate our back office and service infrastructure, which will allow us to provide excellent service to our customers.”