American Residential Services

Year of Investment:

2020 (and 2014)

Strategy

Flagship

Industry

Business Services

Headquarters

Memphis, TN

Status

Active

Website

http://www.ars.com

Business

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.

Charlesbank Investment

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.

CEO

Scott Boose

Employees

6,000+ at over 70 branches

Key Team Members

March 23, 2021

American Residential Services Names Scott Boose Chief Executive Officer

American Residential Services (ARS), the nation’s largest provider of residential heating, ventilation, air conditioning (HVAC), and plumbing services, announced today… Read More

September 15, 2020

GI Partners Joins Charlesbank Capital Partners to Accelerate Growth at American Residential Services

American Residential Services (ARS), the nation’s largest provider of residential heating, ventilation, air conditioning (HVAC) and plumbing services, announced today… Read More

May 6, 2014

Charlesbank Capital Partners Acquires American Residential Services LLC

Charlesbank Capital Partners announced today that it has acquired American Residential Services (ARS), a leading provider of heating and air… Read More

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