Coltala Holdings, a Fort Worth private equity firm, said it acquired the 35-year-old, Arlington-based Metro Energy Savers air conditioning and heating company.
Coltala’s Trudela HVAC acquisition platform Trudela made the acquisition, its second in as many weeks this year, the firm said. Metro Energy Savers has been in business in the Metroplex since 1987.
The acquisition, added to Trudela’s Walker Heating and Air Conditioning division, “extends service coverage to north, west, and south-west DFW,” Coltala and Trudela said. “Future growth is expected from organic expansion of the two divisions and through further strategic acquisitions.”
“I’ve had many offers to sell through the years, but I trust the Coltala/Trudela team,” Darrell Murphy, the Metro Energy founder, said in a release announcing the deal. “I know my company and our people are in strong, capable hands.”
“When you take care of the employees who take care of your customers, profits follow,” Ralph Manning, Coltala’s CEO, said in the release. “These businesses know this and we will continue to support this ethos.”
Metro Energy Savers has more than 6,000 service contracts, Coltala said. “Their leader position in the industry and their strong customer base make them a perfect strategic fit for Trudela.”
“All of Metro Energy’s employees and highly-skilled technicians will retain their positions after the acquisition with more talented technicians being hired as they grow,” Coltala said.
Coltala said Darrell and Dee Murphy have “retained an interest in the business and will continue working as usual while serving as advisors to the Trudela team.”
Metro Energy Savers service area includes Fort Worth, Denton, Roanoke, Keller, Grapevine, Irving, Euless, Haltom City, Saginaw, Azie, Arlington, Grand Prairie, Duncanville, Cedar Hill, Aledo, Benbrook, Burleson, Joshua, Alvardo, Midlothian, and Mansfield. Walker’s service area includes Carrollton, Farmers Branch, Garland, Mesquite, Plano, Richardson, Rockwall, Rowlett, Sachse, and University Park.
Coltala partners with leaders of companies that have $3 million to $10 million of earnings before interest, taxes, depreciation and amortization, and “want to build long term legacies and are committed to their people and a purpose driven, mission and margin approach.”