- The company was founded in 1974 in Texas by the McWilliams family
- Percheron invests in services businesses
- Percheron has over $1 billion in assets under management
Percheron Capital has agreed to acquire a majority stake in McWilliams & Son, a residential HVAC and plumbing services platform. No financial terms were disclosed.
Following the transaction, McWilliams’ CEO Trey McWilliams will remain a significant investor and continue to lead the company.
The company was founded in 1974 in Texas by the McWilliams family.
Chris Lawler, co-founder and managing partner of Percheron, said in a statement: “The residential HVAC and plumbing services market has been a thematic investment priority for Percheron given the industry’s large size, non-discretionary services, strong and resilient growth and high fragmentation. We are thrilled to partner with Trey McWilliams and his team, who have built a rare platform with best-in-class operational and performance metrics, including leading customer service scores, technician productivity and retention.”
Percheron Capital is a private equity firm focused on partnering with exceptional teams to build market-leading services businesses. Percheron has over $1 billion in assets under management and focuses on investing in strong services businesses in resilient end markets, including animal health, automotive, education, food & beverage, healthcare & wellness, and residential.