M&A TRANSACTION · 2025
Redwood Services acquired by Altas Partners
$1.10B· 16.9x EBITDA· 2.20x revenue
Target
Redwood Services
United States
Residential HVAC, plumbing, and electrical services platform with 19 partner companies
Acquirer
Altas Partners
Private Equity buyer
Disclosed financials at time of acquisition
Revenue
$500.0M
EBITDA
$65.0M
Deal Value
$1.10B
EV/EBITDA
16.9x
Context
This $1.10B acquisition of Redwood Services by Altas Partners sits in the hvac sub-vertical. The 16.9x EBITDA multiple paid in 2025 can be compared against the population median for hvac transactions of similar size on our Hvac valuation hub. Altas Partners is acquiring as a private equity buyer; see how PE acquirers typically price hvac businesses on our Hvac PE buyer-pool page.
Source
Data sourced from Press releases and news reports — primary source. All figures reflect disclosed values at the time of the acquisition; no estimated or imputed data. Methodology
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