Partners Group Reports Strong Growth at US HVAC Portfolio Companies

Earnings
โดย NewMediaWire·US·Read original
Summary · why it matters

Partners Group reports strong growth at its two US HVAC portfolio companies, DiversiTech and PremiStar, driven by extreme weather increasing demand for cooling. Since their acquisition in 2021, DiversiTech's revenues have increased 60% and PremiStar's revenues have doubled, with EBITDA growth of 14% CAGR and 22% CAGR respectively. The firm attributes the performance to tailwinds including extreme weather, an ageing installed base of HVAC units, the need for energy-efficient upgrades, and the rise of building automation. Partners Group has implemented value creation plans across both companies, investing in operations, supply chains, technology, and add-on acquisitions.

Impact on stocks 1

Financials · 1 stocks
Partners Group Holding AG
PGHN
▲ PositiveCapitalrelevance

Partners Group reports strong growth at its portfolio companies, highlighting successful value creation.

Off-coverage companies 2

DiversiTechPrivate▲ Positive
Demandrelevance

Extreme weather increases demand for cooling, driving 60% revenue growth since 2021.

PremiStarPrivate▲ Positive
Demandrelevance

Extreme weather and aging HVAC base boost demand, doubling revenues since 2021.