HVAC & PLUMBING INDUSTRY LEADER EXPANDS ITS ENERGY-EFFICIENCY SOLUTIONS
--ARS/Rescue Rooter Acquires Efficient Attic Systems of Dallas/Fort Worth--
DALLAS/FORT WORTH, Texas (October 13, 2009) — As part of its continued focus on providing homeowners with the best money-saving energy-efficiency solutions, ARS®/Rescue Rooter®, a privately held, nationwide provider of air conditioning, heating and plumbing services, has acquired Dallas-based Efficient Attic Systems (EAS). This acquisition marks ARS/Rescue Rooter’s first service line expansion, through the addition of a company that provides blown-in insulation, attic ventilation and high-tech radiant barrier services.
“An important part of the HVAC business involves improving energy efficiency in the home,” said Dave Slott, ARS/Rescue Rooter president and chief operating officer. “The sales and service of energy-efficient products is a growing focus of our business, as customers are very concerned with lowering their energy bills.” Slott added, “EAS is a leading-edge business with outstanding customer service, and we are excited to be aligned with their operation.”
EAS is best known for its Energy Efficient Attic® program, which is designed to save consumers up to 30 percent on their energy bills. The Energy Efficient Attic program integrates three proven energy-saving techniques (proper attic insulation, balanced attic ventilation and spray-on radiant barrier) into a single solution.
“EAS services, including their proprietary, Sola-ShieldSM high-tech radiant barrier solution, allow ARS/Rescue Rooter to expand its capabilities and expertise,” said Don Karnes, ARS/Rescue Rooter chief executive officer. “We believe these services offer strong value to homeowners in an underutilized category, and we welcome this additional opportunity to provide leadership in the home services industry.”
EAS was founded in 2002 and has grown rapidly; professionally retrofitting homes in five markets: Dallas, Austin, Houston, San Antonio and Phoenix.
“By joining the ARS/Rescue Rooter team, EAS will be able to better serve homeowners across all our markets, and also give our employees the opportunity to grow professionally as part of a strong national network,” said Bob Deanda, President of EAS.
In Texas and Phoenix, EAS will continue to operate under its existing name with current management. ARS/Rescue Rooter also intends to expand the Energy Efficient Attic program through its existing business locations across the country.
For more information about ARS/Rescue Rooter, visit www.ARS.com.
About ARS/Rescue Rooter
ARS and Rescue Rooter are leading brands of American Residential Services L.L.C., providing air conditioning, heating, indoor air quality, plumbing, drain cleaning and sewer line services across the United States. Based in Memphis, Tenn., American Residential Services L.L.C. has approximately 4,000 employees.
ARS/Rescue Rooter operates a network of more than 60 company operated, locally managed service locations spanning 24 states and the District of Columbia. United by exceptional service, the ARS/Rescue Rooter Network serves both residential and light commercial customers through a knowledgeable team of trained specialists. Providing elevated service and ensuring the highest standards of quality, ARS/Rescue Rooter has the experience to do any job right – the first time.
The company is growing nationwide, both naturally and through acquisitions, with recent acquisitions including: Air-Trol Heating and Air Conditioning of Indianapolis; Atlanta-based Universal Heating and Cooling; Heating and Air Conditioning Services of Boston; and 24/7 Service Corporation of Las Vegas, which operates Yes! Air Conditioning, Yes! Plumbing and Sunset Sheet Metal & Air Conditioning.
American Residential Services L.L.C. is owned by CI Capital Partners LLC, Royal Palm Capital Partners Inc., and management. CI Capital Partners LLC, www.cicapllc.com, is a New York-based private equity firm. Royal Palm Capital Partners Inc., www.rpcp.com, is a private equity investment and management firm and, through its affiliates, the owner of publicly and privately held companies.