Sitestar’s HVAC (Heating, Ventilation, and Air Conditioning) Operations are managed under HVAC Value Fund, LLC. This wholly-owned subsidiary is a joint venture between Sitestar and JNJ Investments, LLC. The primary focus of the fund is to acquire and operate HVAC companies in the Southwestern United States.
We started the company because we saw an opportunity to acquire strong HVAC companies from founders who had a need to monetize their investment. In some cases, this need arose because sellers were ready to transition out of the business, but did not have great succession opportunities. In other cases, sellers had a unique situation requiring a sale, and they stayed on as company leaders after the sale. We also saw opportunities in the industry for a company of scale to compete in a highly fragmented market.
If you are currently interested in selling your HVAC company, please contact us at HVAC@sitestarcorp.com.
Nathan Reid, Chairman
Mr. Reid, (CPA Inactive), is the founder of JNJ Investments, LLC, a business development company that has created several real estate funds, and is a partner in the HVAC Value Fund. Mr. Reid also manages a hedge fund based in Scottsdale, Arizona. Previous to starting HVAC Value fund, Mr. Reid was the founder of Southwest Realty and Property Management, LLC, which was recently sold to Realogy (RLGY), the largest public company in the real estate industry.
Bruce J. Wellette, Chief Executive Officer
Mr. Wellette is the Chief Executive Officer for HVAC Value Fund’s Group of Companies. Previously, he was the President of a residential HVAC company in Phoenix Az, as well as owning and operating his own Heating, Cooling and Plumbing company. Mr. Wellette has more than 25 years of experience in various mid to senior leadership roles in the Home Improvements arena with a strong background in HVAC business process improvements and organizational development.