Earlier this year, we made an investment in Delaware-based Horizon Services, the leading provider of residential plumbing, heating and air conditioning services for Delaware, Pennsylvania, New Jersey, Connecticut, and Maryland. The founders were looking for a partner like Sun Capital who could invest and advise in helping to grow their business more quickly and to expand their geographic footprint beyond the core Mid-Atlantic region. We were attracted to Horizon Services because it is a strong, growing company in the services sector, an area where we have a lot of experience.
We quickly recognized strong potential to help boost Horizon Services from a good company into a great one. Sun Capital is working with the management team to identify potential acquisition opportunities for other plumbing and heating providers in key regions. We recently helped Horizon with the first two acquisitions of our partnership by adding both Gold Medal Service, which operates in East Brunswick, New Jersey, and Casteel Heating & Cooling, a leading HVAC provider in Atlanta, Georgia, into the Horizon Services family. These additions have helped Horizon expand into new areas, while increasing efficiencies and reducing costs. The company is currently looking to hire additional HVAC professionals to service its rapidly growing customer base.
Other initiatives we are teaming up with management to accomplish include efforts to improve business processes, and enhance the customer experience. Our resources and in-house expertise are providing Horizon with the ability to expand their growth in the coming years, creating a win/win situation for both Horizon’s leadership and customers, and our team at Sun Capital.
Marc J. Leder, the Co-Chief Executive of Sun Capital Partners, Inc., has been engaged in leveraged buyouts, investment banking, and business operations for nearly three decades. To learn more about Marc and his storied career, click here.