Broad Sky Partners, a middle-market private equity firm focused on business services and consumer services end markets, has bought Punctual Pros, an operator of One Hour Heating and Air Conditioning, Benjamin Franklin Plumbing and Mister Sparky Electrical franchise servicing Central Pennsylvania.
Punctual Pros is one of the largest franchisee operators within Authority Brands, a home service franchisor in North America with over 2,800 territories. Founded initially in 1958 as the Rohrer Company, the company provides services across Central Pennsylvania and surrounding areas, covering 240 zip codes.
“This investment continues Broad Sky Partners’ thematic investment strategy within essential sectors of the economy where our capital, resources, and operational excellence can drive growth and deliver value to both customers and stakeholders,” comments Jonathan Marlow, partner at Broad Sky Partners.
Harris Williams acted as buyside advisor, and Greenberg Traurig served as legal advisor to Broad Sky Partners on the transaction. Boxwood Partners acted as sellside advisor, Trout CPA served as accounting advisor, and Barley Snyder served as legal advisor to Punctual Pros.