Clairvest Group Inc. successfully sold its shares in Right Time Heating and Air Conditioning to Gryphon Investors, realizing significant returns on investment.

Information on the Target

Right Time Heating and Air Conditioning, based in Canada, is the largest independently owned HVAC contractor focused on the residential replacement market. The company specializes in preventative maintenance programs, as well as repairs and replacements of household HVAC systems. Since forming a partnership with Clairvest Group in late 2018, Right Time has successfully executed three add-on acquisitions and has strengthened its online customer acquisition strategy. Moreover, the company has expanded its presence from seven to eleven locations across three provinces in Canada.

Industry Overview in Canada

The HVAC industry in Canada is experiencing significant growth, driven by increasing consumer demand for energy-efficient heating and cooling solutions. With a focus on residential services, companies in this sector are capitalizing on the trends towards home comfort and sustainability. The market is characterized by a diverse range of providers, from independent contractors to larger national chains, which creates a competitive environment.

Furthermore, government initiatives aimed at promoting energy efficiency are contributing to the industry’s growth. Programs providing incentives for homeowners to replace outdated HVAC systems w