M&A Deal Summary

Right Time Heating and Air Conditioning Canada Acquires Shines Energy

On June 28, 2023, Right Time Heating and Air Conditioning Canada acquired business services company Shines Energy

Acquisition Highlights
  • This is Right Time Heating and Air Conditioning Canada’s 16th transaction in the Business Services sector.
  • This is Right Time Heating and Air Conditioning Canada’s 17th transaction in Canada.
  • This is Right Time Heating and Air Conditioning Canada’s 1st transaction in Nova Scotia.

M&A Deal Summary

Date 2023-06-28
Target Shines Energy
Sector Business Services
Buyer(s) Right Time Heating and Air Conditioning Canada
Deal Type Add-on Acquisition

Target

Shines Energy

Dartmouth, Nova Scotia, Canada
Shines Energy offers residential heating, cooling and air quality to homeowners in the Halifax Regional Municipality area. Shines Energy was founded in 2013 and is based in Dartmouth, Nova Scotia.

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Buyer(S) 1

Buyer

Right Time Heating and Air Conditioning Canada

St. Catharines, Ontario, Canada

Category Company
Sector Business Services
DESCRIPTION

Right Time Heating and Air Conditioning Canada, Inc. is an independent heating, ventilation and air-conditioning (“HVAC”) contractor focused strictly on the residential replacement market. Right Time operates out of seven locations in Ontario and Manitoba and provides preventative maintenance programs, repairs, and replacements of household HVAC units.


DEAL STATS #
Overall 17 of 20
Sector (Business Services) 16 of 18
Type (Add-on Acquisition) 17 of 20
State (Nova Scotia) 1 of 2
Country (Canada) 17 of 20
Year (2023) 3 of 5
PREVIOUS DEAL
DATE TARGET DEAL TYPE VALUE
2023-05-10 Thomson Industries

Port Coquitlam, British Columbia, Canada

Thomson Industries is a Heating and Air Conditioning service provider in the Lower Mainland. The company's fleet of seasoned professionals also provide electrical and plumbing services, and are continuously trained on more modern and efficient practices and procedures. Thomson Industries is based in Port Coquitlam, British Columbia.

Buy -
FOLLOWING DEAL
DATE TARGET DEAL TYPE VALUE
2023-07-19 Knight Plumbing Heating & Air Conditioning

Calgary, Alberta, Canada

Knight Plumbing Heating & Air Conditioning is a provider of plumbing, heating, and air conditioning services. Knight Plumbing Heating & Air Conditioning was founded in 1970 and is based in Calgary, Alberta.

Buy -