Strikepoint Group Holdings Acquires Solvit Home Services
Strikepoint Group Holdings (“SGH”), formerly known as Horizon Group Holdings, proudly announces the acquisition of Solvit Home Services, a highly regarded heating, cooling, plumbing and electrical company in Plainville, CT. The partnership marks SGH’s seventh acquisition this year.
Owner Scott Bilodeau was the first technician in the truck when Solvit started serving Fairfield, Hartford, Litchfield, Middlesex, and New Haven in 2000. Through Solvit’s own portfolio of acquisitions, Bilodeau dates Solvit’s service to those communities back even further, to 1928.
Solvit prides itself on offering customers a “one-stop shop” for home services, incorporating plumbing; heating, ventilation, and air conditioning (HVAC); electrical, indoor air quality (IAQ), water quality, and energy solutions. The company is accredited as a building science professional by the Building Performance Institute (BPI).
“Strikepoint’s people made the process go very easily,” said Bilodeau. “We quickly connected on how we view the business and where we’d like Solvit to go in the future.”
Charlie Haines, CEO of Strikepoint Group Holdings, said: “We’re always excited when we can build partnerships with regional powerhouses like Solvit. They have a great team in place, and they’ve built an enviable reputation as a home services company. We’re looking forward to working with them to continue improving the growth opportunities they offer their people and the services they offer customers.”
Strikepoint Group Holdings continues to build partnerships with strong local companies like Solvit, looking to grow its family of outstanding local and regional brands. SGH is seeking out companies hoping to expand their services to customers and enhance opportunities for employees.
Uplift Partners served as the exclusive financial advisor to SolvIt Home Services on the transaction.
About Strikepoint Group Holdings
Founded in 1987, Strikepoint Group Holdings is one of the largest and most referred home services companies in the United States, specializing in heating, air conditioning, plumbing, drain cleaning, electrical, and indoor air quality. Formerly known as Horizon Group Holdings, SGH is based in Newark, Delaware. Since 2017, the SGH portfolio has expanded organically and through acquisitions in Delaware, Pennsylvania, New Jersey, New York, Connecticut, Georgia, Maryland, and Florida. Most recently, SGH welcomed Eanes Heating and Cooling in Greensboro, NC, First Class HVAC in Millsboro, DE; EB Design Air in Lorton, VA; A-Absolute Plumbing, Heating, and Air in Roselle, NJ; 4 Service Pros in Lorton, VA; and Hurley & David in Springfield, MA.
About Solvit Home Services
Based in Plainville, CT, Solvit Home Services offers customers a “one-stop shop,” incorporating plumbing; heating, ventilation, and air conditioning (HVAC); electrical, indoor air quality (IAQ), water quality, and energy solutions. The company is accredited as a building science professional by the Building Performance Institute (BPI). Solvit and its predecessor companies have served the communities of Fairfield, Hartford, Litchfield, Middlesex, and New Haven since 1928.