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Equity Risk Partners Leads Insurance Due Diligence for Charlesbank Capital Partners' Acquisition of American Residential Services

Building Products and Materials

Company: American Residential Services L.L.C., doing business as ARS/Rescue Rooter, provides heating, air conditioning (AC), plumbing, sewer, and drain services to homes and businesses through a network of local professionals in the United States. The company provides service, repair, maintenance, design, and installation for heating and AC specialties, including HVAC problems, tune-ups, air filters, cooling and heating options, zone systems, dual-fuel systems, ductless mini-split systems, swamp (evaporative) coolers, geothermal systems, radiant systems, AC compressors, AC evaporator coils, thermostats, AC air handlers, boilers and radiators, furnaces, and heat pump systems; and home service plans and green solutions, as well as 24/7 emergency services. The company was incorporated in 1995 and is based in Memphis, Tennessee.

Investor: Based in Boston and New York, Charlesbank Capital Partners is a private equity firm with a long history of making middle-market investments primarily in US companies. They invest across a range of industries, backing skilled management teams to acquire and build fundamentally sound businesses. Their senior team has worked together for an average of 18 years, developing a record of consistent, superior results through several economic cycles. Since 1991 Charlesbank has invested more than $3.2 billion in 68 companies. With $1.5 billion of capital committed to their most recent fund, Charlesbank is actively seeking new investment opportunities.

Equity Risk Partners is the only global, full service insurance, risk management, and employee benefits brokerage focused exclusively on private equity firms, alternative asset managers, and their portfolio companies. Serving private equity firms since 1994, our professionals have had a meaningful impact on hundreds of deals.

If you would like more information please contact Chris Veber at cveber@equityrisk.com or (312) 980-7856.