Capstone Partners counted 223 residential services deals through July 27, down from 257 a year earlier, even as HVAC, plumbing and electrical deals doubled.
Private equity hasn't lost its appetite for home services. It's running out of fresh platforms to buy.
Capstone Partners' first Residential Services report counts 223 transactions announced or completed this year through July 27, down from 257 in the same stretch of 2025, Homepros reported Oct. 20. The report says years of consolidation, with dozens of sponsor-backed platforms chasing add-ons, have made new platforms harder to form. HVAC, plumbing and electrical ran the other way, with 43 deals versus 21 a year earlier. Labor is still the binding constraint: the report cites TechForce Foundation data showing HVAC technician supply met 63.8% of demand in 2024.
Recent deals on our pages fit the picture, from GHK Capital's purchase of USA Hometown Experts to American Service Partners' operator-led platform.
Revscale Media (illustration)The acquisition pushes Solvane's operator platform to sixteen home-services brands, deepening a bet on shared infrastructure over standalone franchising.
Shasta PoolsDansons Capital Group, Accrual Equity Partners and Hydro Construction acquired the 60-year-old Phoenix pool builder, betting on a national home services expansion.
Revscale Media (illustration)A new platform backed by Exuma Capital is buying legacy HVAC and plumbing brands, competing with franchisors for the same independent owners.
HousingWireReal Brokerage's Leo Pro launches with more than three dozen AI agents billed by the token, and for now it stops short of the wider Real REMAX Group.
Revscale Media (illustration)With Bo-Linda already in nearly 500 stores, Bojangles is extending its AI order taker to all 890-plus restaurants while Burger King and Taco Bell pump the brakes.
Revscale Media (illustration)An appeals court called SBS Franchising's arbitration clause unconscionable, letting two cleaners press claims that they were misclassified employees, not franchisees.
