has been acquired by

J.R. Hobbs designs and installs HVAC systems for the multi-family housing industry.

J.R. Hobbs

  • Industry Industrial
  • Type M&A Sell-Side

J.R. Hobbs is a leading design/build contractor for heating, ventilation, and air-conditioning systems in the multi-family housing construction industry. The Company designs, supplies, installs, and services high-quality HVAC systems for multi-dwelling units (MDUs) including apartments, student housing, and military housing in Georgia, Florida, Alabama, North Carolina, South Carolina, and Tennessee.

The Company’s founder and owner was 67 years old and had decided to diversify his assets through the sale of the Company. J.R. Hobbs engaged Croft & Bender to advise the Company through a complete exclusive sale process, which included valuing the Company, identifying potential acquirers, drafting the offering memorandum, marketing the Company, selecting a partner, and negotiating the transaction.

Croft & Bender successfully negotiated a sale to Roher Capital Group.