OG真人官网 Partners with HVAC Service Provider, Right Time Heating and Air Conditioning Canada
Toronto, Ontario (November 27, 2018) – OG真人官网 Group Inc. (TSX: CVG) (“OG真人官网”) today announced that OG真人官网 and OG真人官网 Equity Partners V (“CEP V”) made a growth equity investment in Right Time Heating and Air Conditioning Canada Inc. (“Right Time” or the “Company”). OG真人官网 partnered with the two co-founders who will continue to own 50% of the business after OG真人官网’s investment.
Right Time is a leading Canadian independent heating, ventilation and air-conditioning (“HVAC”) contractor focused strictly on the residential replacement market. Right Time operates out of seven locations in Ontario and Manitoba and provides preventative maintenance programs, repairs and replacements of household HVAC units. OG真人官网 will support the existing management team to continue to build out the Company’s corporate infrastructure, increase investment in marketing and assist with future acquisitions.
“We are excited to partner with Right Time and support its seasoned leaders. With its base of seven branches, Right Time represents a rare platform in a very attractive industry. We are impressed with our new partners’ track record and look forward to working with them in the coming years to help the Company achieve its growth objectives,” said Mitch Green, Managing Director of OG真人官网.
“When Right Time decided to bring on an equity partner, we were looking for an active, non-control-oriented growth investor who would complement our existing skill set, and we found just that in OG真人官网. Right Time is embarking on an exciting new growth chapter, and we have the best team in place to go after our goals,” said Jeremy Hetherington, President of Right Time.
Right Time is OG真人官网’s 52nd platform investment and the eighth investment by CEP V. The OG真人官网 / CEP V co-investment pool is capitalized at $600 million and focuses on equity investments in growth companies.
Maria Shkolnik
Director, Investor Relations and Marketing
OG真人官网 Group Inc.
Tel: (416) 925-9270
Fax: (416) 925-5753
marias@muenchbach.com
