M&A Deal Summary

Bestige Holdings Acquires Diamond Heating & Cooling

On January 1, 2021, private equity firm Bestige Holdings acquired consumer services company Diamond Heating & Cooling

Acquisition Highlights
  • This is Bestige Holdings’ 5th transaction in the Consumer Services sector.
  • This is Bestige Holdings’ 11th transaction in the United States.
  • This is Bestige Holdings’ 1st transaction in Idaho.

M&A Deal Summary

Date 2021-01-01
Target Diamond Heating & Cooling
Sector Consumer Services
Buyer(s) Bestige Holdings
Deal Type Buyout (LBO, MBO, MBI)

Target

Diamond Heating & Cooling

Garden City, Idaho, United States
website
Diamond Heating & Cooling provides heating, cooling, indoor air quality, and other related home services to homeowners in the Treasure Valley region.

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Buyer(S) 1

DESCRIPTION

Bestige Holdings is a private investment firm focused on investing in and acquiring 'high-potential' companies. The Firm will consider profitable ($3 to $20 million of EBITDA) businesses throughout North America with $25 to $300 million of revenue. Broad areas of interest include industrials, business services, and consumer services. Prestige Holdings was formed in 2016 and is headquartered in Park City, Utah.


DEAL STATS #
Overall 11 of 12
Sector (Consumer Services) 5 of 6
Type (Buyout (LBO, MBO, MBI)) 9 of 10
State (Idaho) 1 of 1
Country (United States) 11 of 12
Year (2021) 8 of 8
PREVIOUS DEAL
DATE TARGET DEAL TYPE VALUE
2021-01-01 Comfort Construction

Utah, United States

Comfort Construction Services is a Utah-based installer of HVAC and fireplace equipment for multi-family and other new construction projects.

Buy -
FOLLOWING DEAL
DATE TARGET DEAL TYPE VALUE
2022-03-01 Walker Plumbing Heating & Air

Washington, Utah, United States

Walker Plumbing, Heating & Air is a brand for plumbing and HVAV installation and service in the Utah regional market. With a reputation for quality and timely work, Walker is a home services brand in the St. George area.

Buy -