2020 (and 2014)
American Residential Services is a leading provider of heating and air conditioning (HVAC) and plumbing services nationwide. ARS primarily serves homeowners in need of emergency repair and replacement services for heating, air conditioning, energy efficiency, plumbing, drain cleaning and sewer lines. It operates under two well-known national brands, ARS and Rescue Rooter, as well as through trusted local brands in select markets.
In 2014, Charlesbank acquired ARS in partnership with management, following a narrow process. In 2020, we sold the company to a financial sponsor. Simultaneously with this exit, we made a new investment in ARS alongside the sponsor, with management reinvesting a significant portion of its proceeds.
6,000+ at over 70 branches