Partners Group, a global private markets firm, announced strong growth at its two US HVAC portfolio companies, DiversiTech and PremiStar, as extreme weather conditions drive demand for cooling solutions. Since their acquisition in 2021, DiversiTech has experienced a 60% revenue increase, while PremiStar's revenues have doubled. Both companies have delivered impressive EBITDA growth, with compound annual growth rates of 14% and 22%, respectively.
The performance underscores the robust tailwinds in the US HVAC market. The increasing frequency of extreme weather events has highlighted the critical role of HVAC system maintenance in maximizing unit performance and efficiency. Additionally, an aging installed base of HVAC units, the push for energy-efficient upgrades, and the rise of building automation solutions are further fueling demand.
Partners Group has leveraged its investment platform to identify and implement best practices across both companies, focusing on transformational value creation plans. These include investments in operations, supply chains, and technology, as well as strategic add-on acquisitions to support future growth.
According to Wolf Scheider, Head of Private Equity at Partners Group, "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."
The growth at DiversiTech and PremiStar reflects broader trends in the HVAC industry, which is benefiting from both environmental and regulatory pressures. As temperatures continue to rise, the need for reliable and efficient cooling systems becomes more acute, positioning these companies to play a vital role in the transition to a more climate-resilient infrastructure.
Partners Group, with over USD 186 billion in assets under management, continues to focus on operationally oriented investments that transform businesses into market leaders. The success of its HVAC portfolio highlights the firm's ability to identify attractive investment themes and drive value through strategic initiatives.
