The deal
GHK Capital Partners, a private equity firm that makes control investments in North American industrial and services businesses, has completed its purchase of USA Hometown Experts. The deal was announced Oct. 15, and terms were not disclosed.
USA Hometown is headquartered in Memphis and runs eight local brands, including Metro Plumbing, Heating & Air and Dixie Electric, Plumbing & Air. Its companies do HVAC, plumbing, electrical and garage door work for homeowners and commercial customers, and some of them trace their history back to 1908. The platform was formed in 2022 with backing from MSouth Equity Partners, an Atlanta private equity firm.
CEO Bill Sublette will keep leading the company. GHK says it plans to help USA Hometown enter new markets, add trades and make more acquisitions. On the advisory side, GHK worked with Piper Sandler and Angle Advisors, while USA Hometown was represented by Citizens JMP Securities and Stephens.
This is a platform selling to its next owner, which is how many of the groups built in the last few years will change hands again. USA Hometown was put together only four years ago and already has a new backer. If you sold into a group like this, or are thinking about it, remember that the buyer you sign with is rarely the last one. Equity you roll over can pay a second time in a sale like this, but only if the platform has grown in the meantime. Before you sell, ask how long the investors expect to hold and what happens to your stake when they exit.
What this means if you own an HVAC, plumbing or electrical company
- Expect a second sale. Platforms are built to be sold again. Know how your rollover equity is treated when that happens.
- History is an asset. Brands with a century of local trust were part of what this group brought to its new owner.
- More trades, more buyers. Groups that cover HVAC, plumbing and electrical appeal to investors who want whole-home service.
Source: GHK Capital Partners announcement, Business Wire, Oct. 15, 2026. Summary and analysis by V2 Strategy Advisors.