Redwood Services, a home services firm focused on investing in leading residential HVAC, plumbing, and electrical services companies in growing U.S. markets announced it has invested in Apollo Heating, Cooling, and Plumbing.
Apollo was founded in 2004 to serve homeowners in Northeast Ohio. The business has more than 60 employees and 4,500 active customers. Apollo provides heating and cooling, as well as plumbing, sewer, and drain services to residents across Greater Akron.
As part of the investment, Nicholas Leisinger will retain a significant minority ownership stake. The Apollo team will continue to operate and manage the business under the Apollo banner and name, while Redwood offers operational, strategic, and financial support to enhance the company’s growth.
Apollo is Redwood’s eighth platform investment, following investments in Mississippi-based Environment Masters, Arizona-based Plumbing Medic, Indianapolis-based Service Plus, Cincinnati-based Arlinghaus, Fresno-based Allbritten, D.C.-based John C. Flood, and Tucson-based Rite Way.