Founded in 1987, Horizon Services is a leading provider of essential HVAC, plumbing, and electrical home services in the eastern United States. Horizon currently operates in 7 Metropolitan Statistical Areas (“MSAs”): Philadelphia, New York, Atlanta, Baltimore, Washington D.C., Hartford, and Jacksonville. The Company supports strong, local brands with high quality, centralized marketing, customer care, and procurement functions to deliver “best-in-class” service.
New Mountain identified Horizon as part of its multi-year deep-dive initiative in home services and was quickly able to leverage learnings and expertise to stand out as a differentiated party, as well as the founder and management’s preferred partner. Furthermore, the firm’s proactive work to identify an actionable pipeline of accretive acquisitions and develop relationships with important players across the value chain demonstrated a clear ability to add value and further positioned NMC as management’s preferred partner – eventually resulting in a preemptive opportunity outside of an auction process.