#United States #Nashville #PKF Investment #Nashville Sheet Metal #Heritage Holding

Major Acquisition in the HVAC Sector

On November 10, 2026, PKF Investment Banking, an affiliate and subsidiary of one of the top accounting and advisory firms in the U.S., announced the closure of the acquisition of Nashville Sheet Metal, LLC by Heritage Holding. This marked another significant milestone as the third HVAC sell-side transaction that the firm has successfully managed this year, fortifying its presence in the investment banking landscape.

The Transaction Details

PKF Investment Banking acted as the exclusive financial advisor for Nashville Sheet Metal during this transaction, demonstrating its strong expertise in navigating complex mergers and acquisitions within the HVAC industry. Alberto Sinesi, Managing Director and Co-Head at PKF Investment Banking, stated, “We take pride in having advised Nashville Sheet Metal on this sale to Heritage. Their fabrication and installation services are unmatched in the Mid-South and will greatly enhance Heritage's diverse operations nationwide.”

Founded in 2003 and headquartered in Nashville, Tennessee, Nashville Sheet Metal has a long-standing reputation for delivering superior sheet metal services to both commercial and industrial clients across Tennessee and the broader Mid-South area. Their core competencies include HVAC ductwork production, custom designs, specialty component fabrication, and installation services. The company boasts a fully-equipped union fabrication shop located in Nashville, with a continuous commitment to quality, service, and safety.

Heritage Holding, a private equity firm based in Boston, has made a significant impact in the B2B services industry since its inception in 2015, completing over 60 acquisitions with total committed capital of $550 million. The firm's strategic focus on founder-owned essential services companies, including HVAC, positions them favorably within the market.

Insights from the Stakeholders

Dexter Cross, President of Nashville Sheet Metal, expressed his appreciation for PKF Investment Banking’s invaluable support during the sale process. “PKF provided expert guidance and helped us evaluate the best paths forward for Nashville Sheet Metal. We're excited to collaborate with Heritage Holding as we continue to prioritize our customer service and invest in our team and technological capabilities.”

This acquisition aligns seamlessly with Heritage’s strategic growth plans and expands their HVAC service capacity, promising to leverage Nashville Sheet Metal's leading position in the market.

A Closer Look at PKF Investment Banking

PKF O'Connor Davies Capital LLC, operating under the name PKF Investment Banking, facilitates business transitions, whether sellers are looking to exit or expansions through acquisitions. The team brings a wealth of experience, having successfully executed over 450 deals in the North American market alone. Their industry knowledge spans across various sectors, ensuring tailored solutions for each client’s unique situation.

PKF O'Connor Davies itself is a well-respected firm in the accounting, tax, and consulting industry, dedicated to delivering superior service to both domestic and international clients. The firm’s motto, "Know Greater Value," encapsulates their commitment to providing exceptional insights and services that contribute to their client's success.

In conclusion, the acquisition of Nashville Sheet Metal by Heritage Holding represents not only a significant growth opportunity for both firms but also reinstates the importance of strategic partnerships in achieving long-term business objectives. With the guidance from PKF Investment Banking, Nashville Sheet Metal is well-positioned to thrive in the years ahead, continuing its legacy of excellence in the HVAC industry.