Wilmington HVAC Contractor’s Strategic Partnership with Growing Home Services Platform
Partnership Allows Owner to Realize Profits and Expand Capabilities in the Wilmington Market to Better Serve Customers
About the Company
Over the last decade, Anderson Air has become a cornerstone of the Wilmington community, known for its residential heating, ventilation, and air conditioning services. From its founding out of Justin Anderson's garage in 2013, Anderson Air grew to hire nearly 50 employees with a service area that includes both New Hanover and Brunswick County.
How MidStreet Helped
Seeking growth, Anderson turned to MidStreet Mergers & Acquisitions for their expertise in finding the perfect partner and local knowledge. Led by M&A Advisor Jonah Pollone, the MidStreet team conducted a comprehensive evaluation and outreach process to find a compatible partner in business models, corporate culture, and long-term goals.
MidStreet created a marketing video and confidential information memorandum to attract interest in the business. Out of 141 potential candidates, MidStreet qualified 21 groups, resulting in six in-person meetings. Ultimately, Justin chose to partner with CHS Home Services.
Justin remains President of Anderson Air, with the backing of his new partner CHS.
Partnership with CHS Home Services
The alliance with Columbia Home Services (CHS) emerged as a promising milestone, paving the way for growth and opportunity. This union will enhance professionalism by bringing in a larger talent pool for new hires, offering higher level positions for existing employees to aim for, and improving employee benefits. Anderson Air’s primary focus remains on servicing homeowners with their heating and air needs, with future potential expansion into plumbing and electrical sectors.
This partnership brings numerous benefits to the Wilmington community, including improved service quality, new job opportunities, and increased business capacity. "We are thrilled to partner with Columbia Home Services. This collaboration will bring significant value to our employees, customers, and the community," expressed Justin Anderson.
In the first year post-partnership, Anderson Air and CHS are already working to improve customer service by upgrading technology and hiring additional support staff. These improvements will be the first step in achieving their vision of becoming the leading HVAC service provider in the region.
