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Private equity firm Broad Sky Partners of New York has acquired Punctual Pros of Central Pennsylvania. PHOTO/GETTY IMAGES
Punctual Pros company acquired by New York equity firm
Punctual Pros, an operator of One Hour Heating & Air Conditioning, Benjamin Franklin Plumbing and Mister Sparky Electrical franchise servicing Central Pennsylvania, has been acquired by Broad Sky Partners.
A middle market private equity firm focused on businesses in Business Services and Consumer Services end markets, announced its acquisition Wednesday. According to a press release, Punctual Pros is one of the largest franchisee operators within Authority Brands, the premier home service franchisor in North America with over 2,800 territories.
“This partnership is just the beginning of our Company’s journey to build Punctual Pros as the premier home services provider in the mid-Atlantic region,” Matt Buckwalter, founder, and CEO of Punctual Pros., said in a statement. “We wouldn’t have achieved our success to date without the hard work and dedication of our incredible team and customers, who play a fundamental role in everything we do. We look forward to partnering with the Broad Sky team and know their expertise will add significant value as we continue to grow our footprint through M&A.”
Founded in 1958 as The Rohrer Company, Punctual Pros provides services in Central Pennsylvania and surrounding areas, covering 240 zip codes. According to a release, “Punctual Pros has built a reputation as a highly respected operator of these franchised brands, renowned for a high standard of customer service and satisfaction.”
Jonathan Marlow, partner at Broad Sky Partners, said the investment “continues Broad Sky Partners’ thematic investment strategy within essential sectors of the economy where our capital, resources, and operational excellence can drive growth and deliver value to both customers and stakeholders.”
Broad Sky Partners is based in New York City.
Terms of the transaction were not disclosed.
