Ray Roberts Services, Inc. Acquired by Undisclosed Private Investor
Deal News | Jan 15, 2025 | Generational Equity
Generational Group, a noted mergers and acquisitions advisory firm, has facilitated the sale of Ray Roberts Services, Inc., a family-owned HVAC business based in Quitman, Texas, to an undisclosed private investor. The company, an exclusive dealer of Rheem products, has been a stable presence in the HVAC sector since 1979, known for its commitment to customer satisfaction through quality service and 24-hour support. The transaction was closed on January 13, 2025, by a team led by Michael Goss, Executive Managing Director, and Jacob Mangalath, Vice President of M&A at Generational Group. Ryan Binkley, CEO of Generational Group, stated that the acquisition marks a strategic partnership designed to foster growth and innovation.
Sectors
- HVAC
- Mergers and Acquisitions
Geography
- United States – The transaction involves Ray Roberts Services, Inc., located in Quitman, Texas, and executed through an American M&A firm, Generational Group.
- Texas – Ray Roberts Services, Inc., the target company, operates out of Quitman, Texas.
Industry
- HVAC – The heating, ventilation, and air conditioning industry is the focal point of this transaction, with Ray Roberts Services, Inc. as a dedicated service provider in this sector.
- Mergers and Acquisitions – Generational Group's involvement marks this as a significant event in the M&A industry, facilitating the sale of a family-operated business.
Financials
Participants
| Name | Role | Type | Description |
|---|---|---|---|
| Ray Roberts Services, Inc. | Target Company | Company | A family-owned HVAC service company based in Quitman, Texas, in operation since 1979. |
| Undisclosed Private Investor | Buyer | Company | The entity acquiring Ray Roberts Services, Inc., remains undisclosed. |
| Generational Group | M&A Advisor | Company | A leading M&A advisory firm that facilitated the sale of Ray Roberts Services, Inc. |
| Michael Goss | Executive Managing Director of M&A Central Region | Person | Led the team handling the transaction at Generational Group. |
| Jacob Mangalath | Vice President, M&A | Person | Part of the team at Generational Group closing the deal. |
| Randy Kamin | Executive Managing Director and Group Leader | Person | Established the initial relationship with Ray Roberts Services, Inc. |
| Mike Moore | Senior M&A Advisor | Person | Assisted in establishing the initial relationship with Ray Roberts Services, Inc. |
| Ryan Binkley | CEO of Generational Group | Person | Commented on the strategic impact of the acquisition. |