Rite Way Heating, Cooling and Plumbing

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Rite Way Heating, Cooling and Plumbing - overview

Established

1959

Location

Tucson, AZ, US

Primary Industry

Heating, Cooling & Ventilation Equipment and Services

About

Rite Way Heating, Cooling and Plumbing provides essential home services, specializing in HVAC, plumbing, and electrical solutions to enhance residential comfort and safety in Tucson and surrounding areas. Founded in 1959, Rite Way Heating, Cooling and Plumbing is based in Tucson, US, and offers a range of home service solutions. It was acquired by Redwood Services, LLC, a portfolio company of Union Main, in January 2020, to facilitate growth and improve service offerings. Rite Way Heating, Cooling & Plumbing specializes in comprehensive home service solutions, primarily focusing on HVAC (heating, ventilation, and air conditioning), plumbing, and electrical services.


Their core offerings include the installation, maintenance, and repair of air conditioning and heating systems, ensuring optimal energy efficiency and functionality for residential clients. Additionally, Rite Way provides plumbing services that address a wide range of needs, from simple repairs to emergency interventions, as well as electrical services that encompass installations and upgrades. The company primarily serves homeowners in Tucson, AZ, and the surrounding areas, including communities such as Marana, Sahuarita, and Oro Valley. Their customer base includes families and individuals seeking reliable service providers to enhance home comfort and safety.


Rite Way generates revenue through direct service transactions with residential customers, utilizing a fee-for-service model that encompasses various service levels. Customers can access services such as a USD 65 Complete AC/Furnace Tune-Up, which is pitched as a preventative measure to extend the life of heating and cooling systems. The transaction structure typically involves one-time payments for specific services, establishing a direct-to-consumer relationship. Additional offerings include plumbing and electrical services, which are priced based on the complexity and urgency of the service required.


By providing high-quality and reliable home services, Rite Way positions itself as a trusted provider in the HVAC, plumbing, and electrical markets in Southern Arizona. In January 2020, Rite Way Heating, Cooling and Plumbing was acquired by Redwood Services, LLC, which supported the company’s next chapter of growth and aims to enhance its service and equipment offerings. The acquisition is expected to enable Rite Way to explore future product launches and improvements in service delivery, although specific new products and their release dates have not been detailed. Expansion plans into additional markets or geographic regions are not explicitly stated, but the company will likely focus on leveraging its existing market presence in Southern Arizona following the acquisition.


Current Investors

Redwood Services, LLC

Primary Industry

Heating, Cooling & Ventilation Equipment and Services

Sub Industries

Facilities & Maintenance Services, Home Repair Services, Heating, Cooling & Ventilation Equipment and Services

Website

www.ritewayac.com

Company Stage

Add-on

Total Amount Raised

Subscriber access only

Rite Way Heating, Cooling and Plumbing - deals

Deals TypeDeal StatusTarget (s)Deal DateInvestor(s)Seller(s)Deal size (Mn)Enterprise value (Mn)Post-money valuation (Mn)EBITDA multiple (x)Revenue multiple (x)Lead partner (s)
Add-onCompletedRite Way Heating, Cooling and Plumbing-

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