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