Service Star Brands, a leading provider of home services in Dallas, TX, has made a major acquisition with the purchase of Lex Air Conditioning, a well-known HVAC company in the North Texas region. This acquisition, which took place in 2019, is in line with Service Star’s strategy of growth through both organic expansion and the acquisition of HVAC companies in the North Texas region.
According to Junior Kruger, the CEO of Service Star, “Lex was a perfect fit with our acquisition criteria. We thought extremely highly of the team, including Cory and Anthony. We structured a deal where they could take home some significant cash and also remain part owners in Service Star.”
The acquisition has been a win-win for both companies, with Anthony Contreras, the owner of Lex Air Conditioning, stating, “We decided to sell Lex Air Conditioning to both take some cash off the table and become part of a bigger and more resourceful company. Being part of Service Star has enabled Lex to thrive. The transaction and transition were seamless. Our growth has accelerated, and our office operations have improved dramatically. All of this benefits our employees and customers. We’re having a ton of fun, overseeing a bigger team and operation than would have been possible if we were still on our own. So we’re basically making more money and having more fun than ever before.”
Service Star’s acquisition of Lex Air Conditioning is a testament to the company’s commitment to growth and its ability to successfully integrate new businesses into its portfolio. As a result, Service Star is looking to replicate this success by finding more businesses like Lex to add to its portfolio.
At Service Star, we pursue growth in two ways, organic growth within all our brands and through acquiring other HVAC companies in North Texas. We want to buy companies where a big proportion of the sales comes from service, maintenance, and replacement. The ideal company has an established brand, good online reviews, and an excellent team.
If you are a home service company looking to sell your business, Service Star is ready to discuss how we can help you achieve your goals. Contact us at [email protected] to learn more about how we can help you grow and succeed.