CHARLOTTE, N.C., June 11, 2020 /PRNewswire/ -- NearU HVAC Services, today announced the successful completion of the acquisition of Carolina Heating Services in Greenville, SC. With this acquisition, NearU has established a multi-state footprint and tripled its employee base within the first four months of its inaugural acquisition.
"After nearly four decades of building a strong local brand, providing career paths to hundreds of employees, and serving thousands of customers, we wanted to transition the company to a growth-oriented, culturally-aligned partner for the next chapter of Carolina Heating Services' growth. I am highly confident that the NearU team will take excellent care of our customers, invest in career opportunities for our employees and take our legacy to greater heights. The NearU team fulfilled their promise to deliver a highly confidential and efficient transaction at a fair value for our shareholders. Their approach is honest and straightforward, and they remained steadfast in their commitment to the agreed-upon deal terms despite the global pandemic and uncertain macroeconomic circumstances," Scott Kelly, Founder and President of Carolina Heating Services
Under NearU's ownership, the Carolina Heating Services NearU team will be led by Connie Caldwell, a 16-year veteran of the Company, who added "I look forward to helping implement NearU's transformational vision for Carolina Heating Services and for the growth opportunities for all of our team members. I am greatly confident that the NearU team will significantly raise the bar for customer and employee experience in the HVAC industry."
NearU is a technician and customer-centric provider of residential and light commercial HVAC services. The company is well-capitalized and seeks to grow organically and by acquiring or partnering with leading HVAC contractors.
About Carolina Heating Services:
Carolina Heating Services, a Greenville, SC-based company, provides recurring maintenance, repair, and installation services for HVAC equipment and redundant power equipment including back-up generators. The Company was formed in 1987 and became a part of NearU HVAC Services in June 2020.
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