Service Star Brands, a leading home service provider in North Texas, made a major acquisition with the purchase of Lyons Air & Heat, an HVAC company based in Rockwall, Texas. Founded by Johnny and Holly Lyons, the company has a loyal customer base and a strong reputation in the Rockwall County area, with a 4.9 rating on Google. This acquisition, which took place in 2021, 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, CEO of Service Star, we look for top-rated home service providers in North Texas and saw an opportunity to partner with a fantastic management team and add a top-class brand with the acquisition of Lyons.
“Lyons is a premier service provider in Rockwall County, and there were several reasons why we decided to partner with them,” said Niklas James, Executive Chairman of Service Star. “Johnny & Holly have built a solid business with a loyal customer base, and the company has experienced stable, organic growth on a year-by-year basis. Lyons can boast a 4.9 rating on Google, and they have an excellent team both in the office and in the field.”
“We have been approached by many potential buyers over the years, but Niklas, Junior, and the team at Service Star instantly made us feel very comfortable,” said Johnny Lyons, owner of Lyons Air & Heat. “They view us as a partner, and as they shared their ambitions, we just felt that this was something that we wanted to be a part of.”
The acquisition was a win-win for both companies, with Service Star able to offer in-house resources for HR, accounting, and marketing that will strengthen Lyons’ operations and accelerate its growth.
“The most important thing that we do when we start conversations with business owners is to listen and understand what motivates them,” said James. “It’s been a real pleasure working with Johnny & Holly, and as we got to know each other we realized that we were very aligned about where we’re at and where we want to go. These insights enabled us to customize a win-win deal structure that caters to their needs and will facilitate a successful partnership.”
“As a small business owner, we have to wear many hats,” said Holly Lyons, co-owner of Lyons Air & Heat. “Service Star has dedicated staff to take care of payroll, insurance, accounting, compliance, marketing, and everything else. So, this will allow Johnny and me to focus our time on growing Lyons and taking the business to the next level.”
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.