Ace Hardware acquires group of HVAC, plumbing, and electrical firms

In a move that is unusual for a home improvement retailer, Ace Hardware of Oak Brook, Ill., has acquired a portfolio of HVAC, plumbing, and electrical home services companies from Grove Mountain, an Atlanta-based private equity firm. reports Franchise Times.

The 12 firms operate under the Unique Indoor Comfort brand, a company headquartered in King of Prussia, Penn. It operates service companies operating in Georgia, Indiana, Maine, Massachusetts, New Jersey, North Carolina, Ohio, and Pennsylvania. Grove Mountain collected the formerly independent companies in June 2021 and put them under one umbrella, according to Franchise Times.