SEER Group Expands in Colorado with Acquisition of Tuscan Electric, Heating & Plumbing

The SEER Group just added another piece to its national home services network with the acquisition of Tuscan Electric, Heating & Plumbing, a fast-growing, family-run firm based in Denver. This move deepens SEER’s presence in Colorado while reinforcing its playbook: acquiring service businesses that blend technical skill with strong community reputation.

Deal Summary

• Acquirer: The SEER Group, a consolidated platform of residential and commercial HVAC, plumbing, and electrical service providers.
• Target: Tuscan Electric, Heating & Plumbing, founded in 2020 by Drilon Doda and Armando Cobo.
• Geography: Denver metropolitan area, Colorado.
• Business Scope: Tuscan offers residential electrical, HVAC (heating and cooling), and plumbing services, focusing on repairs, replacements, and energy-efficient system upgrades.
• Strategic Rationale: SEER chose Tuscan for its entrepreneurial leadership, community-focused culture, and fast growth. Tuscan will continue under its own brand, leveraging SEER’s operational infrastructure while preserving its local identity.

Industry Context

This transaction fits squarely into a larger pattern of consolidation in the trades services space. HVAC, plumbing, and electrical remain highly fragmented - many firms are owner-operated, regional, and lack access to capital for expansion. Platforms like SEER are capitalizing on this fragmentation by aggregating specialist contractors, creating scale, and offering shared infrastructure for operations, technology, and management.

For private equity investors and strategic buyers, the appeal of this sector is twofold: recurring service and maintenance revenue generate steady cash flow, and acquisition targets offer strong customer loyalty rooted in community trust. Moreover, cross-selling across HVAC, plumbing, and electrical opens new revenue streams.

Lower-Middle-Market Roll-Up Perspective

From a PE-focused roll-up strategy, SEER’s acquisition of Tuscan exemplifies how to build a national service platform through value-aligned, founder-led deals. SEER, backed by major sponsors, systematically seeks out home services firms with strong leadership, regional brand recognition, and the capacity to scale. Tuscan’s founders, Doda and Cobo, have built a business that is both fast-growing and highly rated, making it a natural fit for SEER’s model of collecting “locally respected brands under a common operational umbrella.”

This is not a “roll away” consolidation. SEER’s strategy deliberately preserves the identity and operational autonomy of its acquisitions. Tuscan retains its name and team, but gains access to resources - back office, growth capital, shared best practices - that would be difficult to access independently.

Additionally, SEER’s pattern of acquisitions reflects a geographic play: expanding into key metro areas while layering in the same service mix (HVAC, plumbing, electrical). Earlier in 2025, for example, SEER entered Texas via Swan Electric, Plumbing, Heating & Air. Earlier still, it added Alpine Heating & Air in Oregon.

Why This Sector Is Attractive for Roll-Ups

Several underlying dynamics make this sector particularly favorable for PE-backed roll-ups:

• Fragmentation & Local Expertise: Many home services companies remain regional and family-run, offering ideal bolt-on opportunities.
• Recurring Revenue Streams: Maintenance contracts, repeat service calls, and long-term client relationships provide cash-flow stability.
• Cross-Trade Synergies: Combining HVAC, plumbing, and electrical under one roof allows a platform to offer bundled services, which can drive higher customer lifetime value.
• Labor & Talent Leverage: Platforms can more efficiently deploy and develop skilled technicians across service lines, improving utilization.
• Operational Efficiency: Shared administrative functions, marketing, and procurement can reduce costs and increase margin as scale grows.

Conclusion

The SEER Group’s acquisition of Tuscan Electric, Heating & Plumbing in Denver is a textbook example of how lower-middle-market consolidation in trade services works today: platform acquirer meets fast-growing, founder-led business, preserves its identity, and supports further scale. For founders, it offers a way to accelerate growth without losing cultural roots. For private equity investors, it reinforces the case for building scalable, multi-trade service platforms. And for operators, it underlines the enduring value of service quality, local trust, and technical excellence in driving successful roll-up outcomes.

If you’re a founder in home services thinking about your next move, whether growth capital, partial sale, or seeking a value-aligned partner - SEER’s strategy with Tuscan provides a compelling playbook.