Southeast HVAC News
NearU Services Acquires R.A. Hoy
Heating and Air Conditioning, Continuing its Expansion of
Essential Home Services Throughout the Carolinas.
Services ("NearU"), a founder-led premier home services
platform in the Southeast, today announced the acquisition of R.A.
Hoy Heating and Air Conditioning ("Hoy" or "Company"), the largest
HVAC services provider along the North Carolina coast. This
acquisition broadens NearU's presence in the Carolinas and
establishes a strong local foothold in the Outer Banks. R.A. Hoy is
the fifth company that NearU welcomed into its family in the last 12
months. With the strategic partnership between NearU and SkyKnight
Capital, NearU has significant capital available to accelerate
growth and continue building the premier provider of essential home
"Hoy has been a proven leader in the Outer Banks market for over
four decades. The Company has an established track record in serving
thousands of residential and light commercial customers for their
HVAC service needs, including providing them valuable annual
maintenance services. The co-owners, Bob Hoy, and Doug Wakeley have
built an outstanding organization, and NearU warmly welcomes the
entire Hoy team to our family. We look forward to bringing more
technology, training, and processes to the Company to further
empower its very talented team," said Ashish Achlerkar, NearU's
Founder, President and CEO.
"Over the last four decades, we have trained and instilled in our
team the ability to change with the market conditions and have
consistently delivered top-notch service to our valued customers.
Our employee retention rate is outstanding, and we are very proud of
the team culture we have built. NearU's unique vision for the
industry and their proven track record gives us high confidence that
they are the best partner to take our hard work and legacy to
greater heights. We will continue to be the biggest champions of
NearU's efforts to enhance the customer and employee experience –
both at Hoy and in the home services industry," said Bob Hoy and
Doug Wakeley, Co-owners of the Company.
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ownership, the Hoy team will operate under the reputed local brand
of R.A. Hoy Heating and Air Conditioning. The Company will continue
to seamlessly serve customers under the existing management team led
by Doug Wakeley and Jayden Chutskoff. NearU's operations team has a
well-defined value creation plan for Hoy and is guided by industry
veterans. Doug Wilson, a Vice Chair at NearU, said, "I am thrilled
to welcome Hoy to the NearU family. I have been personally
acquainted with the owners for over four decades and have watched
them build their company into the finest HVAC contractor in their
market. I look forward to NearU's very bright future with this great
NearU completed the acquisition of R.A. Hoy in December 2020 on the
heels of its previously announced investment from SkyKnight Capital.
NearU is well capitalized and is actively seeking other
long-standing, highly reputable brands to join the growing NearU
NearU is an employee and customer-centric provider of essential home
services with a focus on HVAC, plumbing, and electrical services.
NearU is well-capitalized and seeks to grow organically and through
partnerships with leading HVAC and other skilled trade contractors.
More information is available at
About R.A. Hoy Heating and Air Conditioning:
R.A. Hoy Heating and Air Conditioning, an Outer Banks-based company,
provides recurring maintenance, repair, and installation services
for HVAC equipment. The Company was formed in 1979 and became a part
of NearU HVAC Services in December 2020. More information is
About SkyKnight Capital:
Founded in 2015, SkyKnight Capital manages over $1.5 billion in
private equity capital on behalf of leading institutional family
offices, foundations, and endowments. SkyKnight makes long-term
investments into high quality businesses in acyclical growth sectors
alongside exceptional management teams. More information is