Apr 24, 2023   SOURCE: BusinessWire

Sound Partners-backed Marathon HVAC Services Acquires SoCal HVAC Specialist Heating & Air Conditioning, Inc. and Aloha Air Conditioning, Heating and Refrigeration

Marathon HVAC Services, a leading residential HVAC service company in Southern California and portfolio company of Sound Partners LLC, announced today the successful completion of two strategic acquisitions: SoCal HVAC Specialist Heating & Air Conditioning, Inc. and Aloha Air Conditioning, Heating and Refrigeration. These acquisitions are in line with Sound Partners' strategy to drive a roll-up of service-focused residential HVAC businesses in the Southern California market, demonstrating the strength of the Marathon platform.

SoCal HVAC Specialist, founded in 2003 by John Farrugia, has built a strong brand in Los Angeles through exceptional customer service and rapid response times, making it the go-to solution for homeowners in need of emergency service, maintenance, and repairs for heating, cooling, and ventilation systems. Aloha, founded in 1985 by Ric and Vivian Moa, has a long history of servicing thousands of annual maintenance contracts, providing homeowners with peace of mind for their critical HVAC systems. The company's dedication to building and maintaining decades-long customer relationships is a testament to their commitment to quality service.

Both companies share Marathon's values and commitment to exceptional service, and their skilled and dedicated teams of technicians will strengthen the collective offering in the Southern California market.

"Sound is excited to see the Marathon platform grow with the addition of SoCal HVAC Specialist and Aloha Air Conditioning," said Zepher Loesch, founder of Sound Partners. "These acquisitions showcase our ability to scale outstanding businesses like Marathon while maintaining strong cultural values and the legacy of the founders. We believe that this strategic expansion will greatly enhance Marathon's ability to serve homeowners in Southern California, and we look forward to supporting the company’s growth."

These recent acquisitions have contributed significantly to Marathon's impressive trajectory under Sound's ownership. In under six months since Sound’s acquisition, Marathon has doubled revenue and technician count, underscoring the company's rapid expansion in the Southern California market. This growth has also allowed Marathon to create significant opportunities for its team members through professional development and dedicated training programs.

Marathon remains committed to providing the best solutions at fair prices to its customers while fostering a supportive work environment that encourages growth and skill-building among its employees. The company's emphasis on employee development and customer satisfaction further solidifies its position as a leading residential HVAC service provider in Southern California.

About Sound Partners:

Sound Partners is a lower-middle market private equity fund focused on investing in companies with $2-$20 million in revenue across various sectors. Sound provides companies with operational and strategic support to help accelerate growth and drive long-term value creation. Sound is focused on investing in family and founder-owned businesses looking for support in transitioning to their next phase of growth and professionalization. Sound brings the collective experience of investors that have deployed over $1 billion of capital in private transactions and operators with substantial experience across industries including construction, facility services, distribution, and manufacturing.

www.soundpartnersllc.com

About Marathon HVAC Service:

Marathon HVAC Service is a leading residential HVAC company based in Los Angeles, CA. Founded in 1990, the company has built a strong reputation for providing exceptional service and customer satisfaction. Marathon HVAC Service offers a comprehensive range of heating, ventilation, and air conditioning solutions for homeowners throughout Southern California. For more information, visit www.marathonhvac.com.