CenterOak Partners LLC made a majority investment in home heating, ventilation and air conditioning maintenance and repair service company Service Champions Inc.
The business will be merged with CenterOak portfolio company Moore Home Services and the combined entity will be led by Service Champions CEO Leland Smith, who will retain a significant ownership stake in the company. The business will service Southern and Northern California.
Terms of the transaction were not disclosed.
Greenberg Glusker Fields Claman & Machtinger LLP was legal counsel to Service Champions, while Gibson Dunn & Crutcher LLP provided advice to CenterOak.
CenterOak is a Dallas-based private equity firm investing in U.S. middle-market companies in the industrial growth, consumer and business services sectors.