Partners Group, a global private markets firm, announced robust 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. The companies have also delivered EBITDA growth of 14% and 22% CAGR, respectively.
The strong financial performance reflects significant tailwinds in the US HVAC market. The increasing frequency of extreme weather events has highlighted the critical need for HVAC system maintenance to optimize performance and efficiency. Additionally, the rapidly aging installed base of HVAC units, the push for more energy-efficient upgrades, and the adoption of building automation solutions are contributing to sustained demand for both parts and maintenance services.
Partners Group has leveraged its investment platform to identify and implement best practices across both companies, executing transformational value creation plans aimed at supporting future growth. These initiatives include investments in operations, supply chains, and technology, as well as strategic add-on acquisitions.
Wolf Scheider, Head of Private Equity at Partners Group, commented, "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."
This growth underscores the importance of HVAC infrastructure in the face of climate change, and the critical role that companies like DiversiTech and PremiStar play in ensuring systems operate efficiently. The aging installed base and regulatory push for energy efficiency will likely continue to drive demand for HVAC services, positioning these companies for sustained success.
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 firm's approach to recognizing and implementing best practices across its portfolio has proven effective in driving value creation.
