- Elite will continue to operate under its current name
- Based in San Francisco, Gryphon targets the middle market
- Gryphon was founded in 1995
Southern Home Services, which is backed by Gryphon Investors, has acquired Elite Electric, Plumbing & Air, a Port St. Lucie, Florida-based plumbing, HVAC and electrical services firm.
No financial terms were disclosed.
Southern Home Services is an operator of leading home service companies.
“Aligning with Southern Home Services will enable Elite to grow and advance rapidly,” said John Pankraz, co-owner of Elite Electric, Plumbing & Air in a statemennt. “Their resources and industry expertise will be crucial in helping us elevate our customer support and drive business growth to the next level.”
Elite will continue to operate under its current name.
Based in San Francisco, Gryphon targets the middle market. Gryphon was founded in 1995.
