M&A Deal Summary

Blue Cardinal Acquires Standard Heating

On July 18, 2023, Blue Cardinal acquired business services company Standard Heating

Acquisition Highlights
  • This is Blue Cardinal’s 5th transaction in the Business Services sector.
  • This is Blue Cardinal’s 5th transaction in the United States.
  • This is Blue Cardinal’s 1st transaction in Minnesota.

M&A Deal Summary
Date 2023-07-18
Target Standard Heating
Sector Business Services
Buyer(s) Blue Cardinal
Deal Type Add-on Acquisition

Target

Standard Heating

Minneapolis, Minnesota, United States
Standard Heating provides professional HVAC services. Standard Heating was founded in 1930 and is based in Minneapolis, Minnesota.

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Buyer(S) 1

Buyer

Blue Cardinal

Burke, Texas, United States
Category Company
Founded 2022
Sector Business Services
DESCRIPTION

Blue Cardinal is a residential HVAC, plumbing, and electrical services business. Blue Cardinal was founded in 2022 and is based in Burke, Texas.

DEAL STATS #
Overall 5 of 5
Sector (Business Services) 5 of 5
Type (Add-on Acquisition) 5 of 5
State (Minnesota) 1 of 1
Country (United States) 5 of 5
Year (2023) 5 of 5
PREVIOUS DEAL
DATE TARGET DEAL TYPE VALUE
2023-07-18 Midway Plumbing

Abilene, Texas, United States

Midway Plumbing provides plumbing services for residential, and commercial customers, based in Abilene, Texas.

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