Written on: December 19, 2022 by ICM
Right Time Group of Cos., St. Catharines, ON, has acquired Waterloo-based Dunn Heating ClimateCare, which now operates as Dunn Heating and Air Conditioning. Terms of the deal were not revealed.
Established in 1973, Dunn Heating and Air Conditioning has delivered residential heating, cooling, air quality and hot water services to homeowners in the Tri-Cities area of Southern Ontario, encompassing Waterloo, Kitchener and Cambridge. Management, including former owner Rick Dunn, and company employees will join the Right Time team and continue to serve their customers and community.
Dunn Heating and Air Conditioning is the 16th acquisition completed by Right Time as it continues to execute its growth strategy.
“We are excited to welcome the Dunn team to the Right Time family,” said Right Time CEO Craig Goettler. “Rick has built a great business in the Tri-Cities and Right Time will continue to deliver the exceptional service Dunn Heating and Air Conditioning has provided to its valued customers.”
“Over the past 50 years we have built a strong business centered around great customer service,” said Mr. Dunn. “As I considered the next stage for the business, Right Time was a natural choice. They have a great track record of integrating strong local companies and taking them to the next level.”
Right Time is continuing to seek residential HVAC and home services locations to add to its existing network in Canada. Right Time is majority-owned by Gryphon Investors, a leading middle-market private equity firm.