Portfolio: Direct Investments

Ormond Beach, Florida (October 10, 2024) – Seacoast Service Partners (“SSP”), a platform formed by White Wolf Capital Group (“White Wolf”) dedicated to providing top-tier plumbing, electrical, HVAC (Heating, Ventilation, and Air Conditioning) and refrigeration services across Florida, is pleased to announce its acquisition of Total Comfort (“TC”) the platform’s seventh acquisition.

TC is a provider of residential HVAC, electrical and plumbing services throughout Volusia and Flagler Counties and the neighboring areas. This acquisition solidifies SSP’s commitment to delivering high-quality HVAC, electrical and plumbing services under the SSP brand.

Blake Conner (Managing Director) of White Wolf, adds “The acquisition of Total Comfort aligns well with Seacoast’s growth strategy in Florida, offering Seacoast access to the rapidly expanding Flagler and Volusia Counties. This move is further strengthened by a partnership with Dan Hucks and his highly capable leadership team.”

“I’m pleased to be part of this growing company and look forward to working with Seacoast Service Partners’ management team, said Dan Hucks (President Total Comfort Services, LLC). “They are committed to providing quality service and new offerings to our loyal customers and expanded opportunities for our employees.”

About Total Comfort

Total Comfort offers a wide range of services that include Heating and Air Conditioning, Electrical, and Plumbing services. Our professional HVAC Service Technicians, Plumbers, and Electricians provide service in the cities of Daytona Beach, Ormond Beach, New Smyrna Beach, DeLand, Port Orange, Deltona, Flagler/Palm Coast and Ponce Inlet. Total Comfort has proudly served Volusia and Flagler County residents and businesses since 1976.

For further information, please visit www.totalcomfortfl.com.

About Seacoast Service Partners

Formed by White Wolf Capital Group, SSP is an active acquirer of plumbing, HVAC, and refrigeration businesses in the Southeastern United States. SSP’s strategy is to acquire and partner with profitable companies that provide high-quality value to their customers. SSP is uniquely positioned to further strengthen already established companies in the fragmented market of home and commercial services. By leveraging resources, SSP seeks to offer expanded services, increased efficiency, and improved profitability for partner companies. With a focus on the Southeast region, SSP is prepared to become a significant player in the local market while delivering superior customer service and value to its customers. Through its development strategy, SSP’s goal is to become the leading provider of plumbing, HVAC, and refrigeration services in the Southeast.

Seacoast Service Partners Criteria

SSP is actively seeking add-on acquisition opportunities that meet the following criteria:

• Plumbing, HVAC, and refrigeration businesses based in the Southeastern United States with revenues up to $25 million.
• Companies that have a history of providing exceptional customer service and quality workmanship.
• Firms that have a loyal customer base and strong relationships with suppliers and vendors.
• Businesses that have a strong management team in place and a proven history of delivering value to customers.
• Companies that have the potential to expand geographically and/or offer complementary services to Seacoast’s existing business lines.

For further information, please visit www.seacoastpartners.com.

About White Wolf Capital Group

White Wolf Capital Group is a diversified investment management firm that provides investors with access to both private and public strategies.

White Wolf’s private capital strategies include private equity, private credit, and private funds.

In general, White Wolf Capital Group seeks private equity and private credit investment opportunities in companies with $20 million to $200 million in revenues and up to $20 million in EBITDA. Typical situations include management buyouts, leveraged buyouts, recapitalizations, and investments for growth. Preferred industries include manufacturing, business services, government services, information technology, security, aerospace, and defense. White Wolf’s private funds’ strategy involves investing with other private fund managers as a limited or financing partner. Targeted investment candidates are North American-focused private credit funds looking to raise $50 million to $500 million, with a focus on the lower-middle and middle-market.

White Wolf’s publicly traded strategy provides investors with exposure to liquid alternatives through an actively managed exchange-traded fund (ETF). This fund enables investors to access publicly traded private equity and private credit. The publicly traded fund offers additional liquidity options in the public market while providing opportunities for both current income yield and long-term capital appreciation.

For further information, please visit www.whitewolfcapital.com.

White Wolf’s office locations include Miami, Chicago, Montreal, and New York City.