Partners Group, a global private markets firm, announced strong growth at its US HVAC portfolio companies, DiversiTech and PremiStar, as extreme weather drives demand for cooling solutions. Since their acquisition in 2021, DiversiTech has seen revenues rise 60%, while PremiStar's revenues have doubled. The companies have delivered EBITDA growth of 14% and 22% CAGR, respectively, reflecting tailwinds in the US HVAC market.
The increasing occurrence of extreme weather conditions underscores the importance of HVAC system maintenance to maximize unit performance and efficiency. Other tailwinds include the aging installed base of HVAC units, the need for energy-efficient upgrades, and the rise of building automation solutions. These factors are driving demand for both parts and maintenance services.
Partners Group has leveraged its investment platform to recognize best practices across DiversiTech and PremiStar, implementing transformational value creation plans to support future growth. This includes investments in operations, supply chains, and technology, as well as selective add-on acquisitions.
Wolf Scheider, Head of Private Equity at Partners Group, stated, "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."
Partners Group is one of the largest firms in the global private markets industry, with approximately 2,000 professionals and over USD 186 billion in assets under management. The firm offers investment programs and custom mandates spanning private equity, private credit, infrastructure, real estate, royalties, and special opportunities. With its heritage in Switzerland and primary presence in the Americas in Colorado, Partners Group leverages its differentiated culture and operationally oriented approach to identify attractive investment themes and transform businesses into market leaders. For more information, visit Partners Group.
This announcement is significant as it highlights the resilience and growth potential of the HVAC sector amid climate change, and demonstrates Partners Group's ability to drive value creation in its portfolio companies. The strong financial performance of DiversiTech and PremiStar is a testament to the increasing demand for HVAC services and the strategic initiatives implemented by Partners Group.
