Partners Group, a global private markets firm, announced on August 10, 2026, that its two US HVAC portfolio companies, DiversiTech and PremiStar, have experienced substantial growth since their acquisition in 2021. DiversiTech, a manufacturer and distributor of HVAC parts, has seen revenues increase by 60%, while PremiStar, a commercial HVAC services provider, has doubled its revenues during the same period. This growth is attributed to strong tailwinds in the US HVAC market, including extreme weather conditions driving demand for cooling, an aging installed base of HVAC units, the need for energy efficiency upgrades, and the rise of building automation solutions.
The financial performance of these companies is noteworthy: DiversiTech has delivered EBITDA growth of 14% CAGR, and PremiStar has achieved 22% CAGR. These figures reflect the operational improvements and value creation initiatives implemented by Partners Group. The firm has leveraged its investment platform to identify best practices across both companies, investing in operations, supply chains, and technology, as well as executing selective add-on acquisitions.
Wolf Scheider, Head of Private Equity at Partners Group, commented, "Across our HVAC portfolio, we are seeing organic, disciplined growth. As heat waves become a defining challenge of how we live and work, demand for HVAC parts and maintenance is rising. Our portfolio companies are essential to helping communities and enterprises adapt to these conditions, with meaningful growth runway ahead as value creation initiatives mature."
The importance of this news lies in the broader implications for the HVAC industry and society. As climate change leads to more frequent and severe heatwaves, the reliance on air conditioning and ventilation systems is increasing. This trend underscores the necessity of regular maintenance to ensure systems operate efficiently, reducing energy consumption and costs. The growth at DiversiTech and PremiStar indicates a robust market for HVAC services, which could have positive effects on employment, technological innovation, and the resilience of buildings and infrastructure.
Moreover, the success of these investments highlights the potential for private equity firms to drive value creation in essential service industries. By focusing on operational improvements and strategic acquisitions, Partners Group has demonstrated how private investment can contribute to meeting critical societal needs while generating returns. As extreme weather events become more common, the demand for HVAC maintenance and upgrades is likely to continue rising, positioning these companies for sustained growth.
For more information about Partners Group, visit their website at www.partnersgroup.com or follow them on LinkedIn. The original press release can be viewed on www.newmediawire.com.
