Project Cornerstone
Invest in the acquisition of a profitable, 20-year-old HVAC company
An opportunity for investors and fund managers to participate in the acquisition of a profitable, 20-year-old HVAC and plumbing operator in Charleston, SC.
Revenue · 3-yr avg
$4.9M
Stable, two-decade operating history
Adjusted SDE
~$875K
Profitable through cycles
Target IRR · 10-yr
>22%
~19% cash-on-cash · ~4.2× MOIC
Sector · Market
HVAC+
Charleston, SC · plumbing & service
Indicative summary only · No offer is being made on this page
What we like about this deal
Four reasons we underwrote Project Cornerstone.
Figures are 3-year averages and base-case underwriting unless noted.
Rare Private Equity Access
Operating PE — usually out of reach at this check size.
A profitable operating company at a typical $75–$100K check size, with preferred terms available at higher allocations. An asset class normally reserved for institutional capital.
Stable, Profitable Company
20+ years operating. ~$4.9M revenue. ~$875K SDE.
Two-decade history. Diversified commercial + residential mix. GM running day-to-day with full autonomy. 800+ recurring maintenance agreements anchoring service revenue.
Conservative Structuring
$1.5M cash reserves at close — funded through structure.
Working capital, debt service, and general reserves capitalized at close. ~2× monthly OpEx maintained in operations. Sponsor capital alongside investor equity.
Essential-Services Tailwind
Charleston growing at ~2× the U.S. — we underwrote organic.
Tri-county population growth 2.1% YoY. South Carolina ranked #1 in U.S. real GDP growth in Q1 2025. Demand for HVAC and plumbing tracks rooftops and commercial buildouts.
Next Step
Interested in more information?
Tell us about you.
Fill out the survey by clicking the button to the right. This survey will let us share the full investor package, terms, and timeline with. Once you submit, our team will review your answer and reach out to you.
Takes ~2 minutes · No commitment
Investor Information Request
Tell us about you.
A short survey so we can share the appropriate investor package and timeline.