St. Catharines, ON-based Right Time Group of Companies has acquired Atlas Service Company Inc. (AtlasCare). Founded in 1932, AtlasCare provides residential HVAC, air quality, plumbing and hot water services to the Ontario market from its branch in Oakville. Management and employees of AtlasCare will join the Right Time team and will benefit from Right Time’s management and training capabilities. Terms of the transaction were not disclosed.
Right Time CEO Jeremy Hetherington said, “Right Time is very pleased to welcome AtlasCare to the Right Time family. We have long been impressed by the business that Roger Grochmal and his son, Michael Grochmal, have built at AtlasCare and are excited about this partnership.”
“AtlasCare has a long history and a strong culture, and when it came to entrusting that legacy to a buyer, Right Time was the natural choice. Their track record of integrating strong local companies into their national brand sets them apart as the leading consolidator in the Canadian residential HVAC and plumbing industry,” said AtlasCare CEO and Mechanical Business columnist Roger Grochmal. Grochmal, who has owned and operated the brand since 1986, has retired. He will be contributing a series of columns to upcoming issues of Mechanical Business on “knowing when it’s time” and “the process of selling a business” in addition to a retrospective piece.
AtlasCare is the fifth acquisition completed by Right Time, and the first following its partnership with San Francisco-based Gryphon Investors in December 2020.