Grove Mountain Partners: Buy Box & Recent Acquisitions

At a glance

EBITDA range	$3M to $25M S3
Revenue range	$5M to $200M S3
Deal types	Platform, Add-on S3
Sectors	HVAC, Plumbing & Electrical, Distribution, Construction Services

What Grove Mountain Partners buys

Grove Mountain Partners is an Atlanta firm, founded in 2020, that invests only in home service and specialty business service companies, mostly in blue-collar trades. Its current platforms are Service Country (residential HVAC, plumbing and electrical in smaller Southeastern towns), Team First Home Services (residential plumbing) and Hills Distribution (plumbing and HVAC wholesale in the Northeast). Its criteria also list roofing, pest control, waste, remediation, commercial cleaning, niche logistics and commercial landscaping as target areas.

The criteria page asks for $5 million to $200 million of revenue and $3 million to $25 million of EBITDA. A new roll-up usually starts with a platform of $15 million to $25 million of revenue, and add-ons can be as small as $2 million of revenue. Grove Mountain takes control or structured equity positions through buyouts, recapitalizations, family succession deals and corporate carve-outs, usually as the first institutional investor. Most owners meet it as an add-on, keeping their brand and often rolling equity into the platform.

Recent deals

Announced in the 24 months before October 27, 2026.

Date	Company	Type	Sector	Source
Sep 2026	GNG Plumbing, Bailey's Heating & Air, Southern Trust Home Services, All Tech Plumbing Heat & Air and Springfield Heating and AirFive home service companies in Alabama, Georgia, Virginia, Oklahoma and Mississippi added to Service Country	Add-on	HVAC, Plumbing & Electrical	Source
Sep 2026	PEXUniverseOnline plumbing, heating and HVAC parts seller added to Hills Distribution	Add-on	Distribution	Source
Sep 2026	Holloway PlumbingTexas Hill Country residential plumber added to Team First Home Services	Add-on	HVAC, Plumbing & Electrical	Source
Mar 2026	Bender Plumbing SupplyFourth-generation Connecticut plumbing and HVAC distributor added to Hills Distribution; the president stays on	Add-on	Distribution	Source
Mar 2026	Team First Home Services (Biagi Plumbing, Mainline Plumbing AC & Electric, Halls Rooter & Plumbing)New residential plumbing platform launched with three partner companies in Illinois, Florida and Texas	Platform	HVAC, Plumbing & Electrical	Source
Jul 2025	Castle Air and Childress Heating & CoolingFlorida and Alabama HVAC companies added to Service Country; both founders stay and keep a stake	Add-on	HVAC, Plumbing & Electrical	Source
Jan 2025	Coastal Supply Group and RJ Murray CompanyNew York plumbing and HVAC distributors added to Hills Distribution; the owners reinvested equity	Add-on	Distribution	Source

Portfolio by sector

From the firm's portfolio page S4.

Distribution

Hills Distribution

HVAC, Plumbing & Electrical

Team First Home Services
Service Country

Past investments: Central States Paving & Concrete, Unique Indoor Comfort

Greymont’s take

How Grove Mountain Partners fits a seller

Grove Mountain is a strong fit for owners of residential HVAC, plumbing and electrical companies, especially in smaller Southeastern towns, and for plumbing and HVAC distributors in the Northeast. Its platforms let each partner keep its brand and local leaders. In the July 2025 Service Country deals, both founders stayed on and kept a stake in the platform, and the owners of Coastal Supply and RJ Murray reinvested equity in Hills Distribution in January 2025.

The partners are former operating executives, and the about page says the firm is not tied to a fund with a fixed horizon. Even so, it sold Unique Indoor Comfort to Ace Hardware about two years after buying it, so an owner should ask how long Grove Mountain expects to hold the platform and how rolled equity will be valued when it sells.

Questions owners ask

What size companies does Grove Mountain Partners buy?

Its criteria call for $5 million to $200 million of revenue and $3 million to $25 million of EBITDA. A roll-up platform usually starts at $15 million to $25 million of revenue, and add-ons start at about $2 million of revenue.

Is Grove Mountain buying HVAC and plumbing companies?

Yes. Service Country added five HVAC, plumbing and electrical companies in September 2026, and Team First Home Services, launched in March 2026 around residential plumbing, added Holloway Plumbing in Texas in September 2026.

Do owners keep their brand after joining a Grove Mountain platform?

Yes. Service Country, Team First and Hills Distribution each say partner companies keep their names, local leaders and teams, and several recent sellers kept or reinvested equity in the platform they joined.

Sources

S1Grove Mountain Partners home page Accessed October 27, 2026
S2Grove Mountain Partners: About Us Accessed October 27, 2026
S3Grove Mountain Partners: Investment Criteria Accessed October 27, 2026
S4Grove Mountain Partners: Investments Accessed October 27, 2026
S5Grove Mountain Partners: News Accessed October 27, 2026
S6Grove Mountain Partners Launches Team First Home Services (PR Newswire, March 10, 2026) Accessed October 27, 2026
S7Team First Home Services Partners with Holloway Plumbing (PR Newswire, September 14, 2026) Accessed October 27, 2026
S8Service Country Expands Platform with Five New Partner Companies (PR Newswire, September 28, 2026) Accessed October 27, 2026
S9Hills Distribution Adds Bender Plumbing Supply (PR Newswire, March 30, 2026) Accessed October 27, 2026
S10Hills Distribution Adds PEXUniverse (PR Newswire, September 21, 2026) Accessed October 27, 2026
S11Service Country Expands HVAC Footprint with Two New Acquisitions in the Southeast (July 7, 2025) Accessed October 27, 2026
S12Hills Distribution Expands into New Markets with Two Partner Companies (January 29, 2025) Accessed October 27, 2026
S13Grove Mountain Partners Sells Unique Indoor Comfort to Ace Hardware (May 3, 2023) Accessed October 27, 2026
S14Team First Home Services: Our Partner Companies Accessed October 27, 2026

Compiled by Greymont Advisors from public sources, including the firm’s own website and press releases. Greymont is not affiliated with Grove Mountain Partners. Figures are as reported on the dates shown and may have changed. Request a correction