The Riverside Company, a global investment firm focused on the smaller end of the middle market, has invested in Element Home Services (Element), a residential home services provider. This investment marks the latest add-on to the firm's portfolio company, T3 Services Group, and expands its Colorado presence while introducing the organization to three new states and several growing markets. T3 Services Group is a leading group of residential HVAC, plumbing and electrical services companies with a shared mission to transform the trades.
Founded in 2016, Element provides 24/7 emergency repair, maintenance and replacement services to homeowners. The company operates four branches: Jackson Hole, Wyoming; Durango, Colorado; St. George, Utah; and Prescott, Arizona. Element has built its reputation through technical expertise, honest options and a commitment to helping homeowners make informed decisions.
Riverside plans to bolster the platform's growth through organic and M&A strategies, expanding into new geographic markets and broadening its service offerings.
“We are thrilled to welcome Element to the T3 family,” said Riverside Principal Harrison Petts. “Element adds four strong branches, a talented team and a repeatable model for entering new growth markets. It's a natural extension of our strategy, and we look forward to supporting Jon, Jaimie and the entire Element team as they scale.”
“Element is a perfect fit for T3,” said Chief Executive Officer of T3 Services Group Joe Finney. “Jon and Jaimie have built an exceptional company with a strong culture, talented people and a genuine commitment to the communities they serve. This partnership meaningfully expands our Mountain West presence and creates an exciting opportunity to grow alongside these communities.”
Element will retain its established brand and local leadership, supported by T3’s resources and expertise as the company enters its next phase of growth.
Working with Petts on the deal for Riverside were Co-Chief Investment Officer Brad Roberts, Senior Partner, Capital Markets, Anne Hayes and Regional Director, Origination, David Fowles.