Le Lézard
Subject: Merger/Acquisition

Goettl Air Conditioning & Plumbing Expands Into Texas with Acquisition of Will's All Pro Plumbing & Air Conditioning


Goettl Air Conditioning & Plumbing ("Goettl"), one of the largest providers of residential HVAC and plumbing services in the Southwest United States, announced today the acquisition of Will's All Pro Plumbing & Air Conditioning ("Will's All Pro"), a leading Texas-based provider of plumbing and HVAC services.

Located in San Antonio, Will's All Pro is led by a management team with more than 50 years of combined experience in the plumbing and HVAC industries. With over 15,000 service calls annually, Will's All Pro has established itself as the go-to provider of dependable plumbing and HVAC services for area residents and businesses. They believe in treating their customers and employees like family, and that every customer deserves a 5-star service.

The acquisition of Will's All Pro significantly expands Goettl's footprint in the Southwest. Goettl will continue providing plumbing services under the Will's All Pro name and will introduce the Goettl Air Conditioning brand to San Antonio and surrounding markets in the first quarter of 2020.

"This acquisition expands our footprint in the Southwest, bringing our services to the San Antonio region, and is the first step in bringing our brand and unique service offerings to Texas," said Goettl CEO, Ken Goodrich. "I chose to partner with Will Hawkins and the team at Will's All Pro when I met them and understood they do things the right way, not the easy way."

"Goettl is providing us a larger playing field to exercise our strongest skillsets," said Will Hawkins. "The Goettl partnership provides a support system that will facilitate the application of our strengths; innovation and servicing our customers. Our team is excited about the opportunities this brings us."

"Will Hawkins is a proven leader who has built successful companies and will add dynamic expertise to our Senior Leadership team. This partnership will allow him to apply his ideas, focus on servicing our customers and spearhead Goettl's expansion throughout Texas; continuing our commitment to ?Goettlize the Nation'," added Goodrich.

About Goettl Air Conditioning & Plumbing

Goettl Air Conditioning & Plumbing is a leading provider of modernization solutions and services that deliver comfort, indoor air & water quality, and intelligent efficiency for residential customers. The company creates value by acquiring established local brands, applying experienced management talent and implementing proven processes. Initially focused on companies in the Southwest, Goettl is expanding nationally. Current operations are located in Arizona, Nevada, California and Texas. Goettl is the winner of Inc. 5000 fastest growing companies in 2017 & 2018. Goettl is a portfolio company of Baum Capital Partners. www.goettl.com

About Baum Capital Partners

Baum Capital Partners ("BCP") is a private investment firm that provides equity capital and strategic resources in support of dynamic companies in the lower middle market. BCP seeks to invest in technology-enabled and service-based businesses with exceptional prospects for growth and focuses on opportunities where a financial partner is being sought to solve a corporate or ownership need, including investments to support growth, generational ownership transfers and management-backed recapitalizations. Working in close partnership with entrepreneurs and managers, BCP has a passion for helping promising companies reach their potential, and the resources required to make it happen. For more information, visit www.baumpartners.com.



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