# Redwood Services

> Redwood Services is a Memphis-based investment and operating platform for residential HVAC, plumbing, and electrical contractors. Rather than erase the local names it buys into, Redwood keeps partner brands and leadership in place, then supplies capital, coaching, recruiting, technology, procurement, marketing, and peer collaboration. The model serves contractor-owners directly and homeowners indirectly, pairing local trust with the resources of a national network.

- **Founded:** 2020
- **Headquarters:** Memphis, United States
- **Founders:** Richard Lewis (Founder and CEO)
- **Team size:** More than 2,500 employees across the network as of May 2025; the 2026 Sierra acquisition added about 400 teammates and Hendrick added more than 90. Supplied contact data lists 73 Redwood corporate employees.
- **Products:** Flexible partnership investments, Partner Support Center, Operator coaching, Growth capital and tuck-in acquisitions, Partner collaboration programs
- **Notable:** Grew from its first partner, Rite Way, in 2020 to 19 partner companies by May 2025., Reported more than 2,500 employees and more than $500 million in annual revenue in May 2025., Attracted a significant strategic equity investment from Altas Partners in 2025 while Union Main Group and management reinvested.

## Products & services

- **Flexible partnership investments** — Custom investment structures for established, residential, non-new-construction HVAC, plumbing, and electrical businesses; owners commonly retain equity and local leadership.
- **Partner Support Center** — Central support in operations, finance, marketing, recruiting, procurement, technology, business intelligence, M&A, and leadership development.
- **Operator coaching** — Data-driven coaching, planning, performance measurement, pricing and dispatch guidance, ServiceTitan expertise, and best-practice sharing for partner management teams.
- **Growth capital and tuck-in acquisitions** — Capital for fleet, people, service-line expansion, adjacent acquisitions, and entry into new or denser local markets.
- **Partner collaboration programs** — Workshops, leadership summits, retreats, peer groups, training, and cross-market knowledge exchange across the Redwood network.

## Achievements

- Grew from its first partner, Rite Way, in 2020 to 19 partner companies by May 2025.
- Reported more than 2,500 employees and more than $500 million in annual revenue in May 2025.
- Attracted a significant strategic equity investment from Altas Partners in 2025 while Union Main Group and management reinvested.
- Acquired the five-company Sierra Platform in May 2026, adding roughly 400 employees and more than 40,000 annual customers.
- Expanded into Oklahoma with Hendrick Heat, Air & Plumbing in July 2026, adding a business with more than 90 employees and over 25,000 customers.
- Founder Richard Lewis was named to ACHR News’ 2023 Top 40 Under 40 list.

## Latest updates

- **2026-07** — Partnered with Tulsa-based Hendrick Heat, Air & Plumbing, Redwood’s first investment in Oklahoma; Hendrick reported 90-plus employees and more than 25,000 customers.
- **2026-05** — Acquired the Sierra Platform from SE Capital, adding five brands, about 400 employees, more than 40,000 annual customers, and operations in Las Vegas, Denver, Boise, and Tucson.
- **2025-06** — The FTC granted early termination for Altas Partners’ acquisition of Redwood Services Holdco, following the strategic investment announcement.
- **2025-05** — Announced a significant equity investment from Altas Partners; Redwood said it supported 19 companies, 2,500-plus employees, and more than $500 million in annual revenue.
- **2025-02** — Announced its 17th platform partnership with Indianapolis-based Hope Plumbing, then a company with more than 135 employees.

## Links

- Website: https://redwoodservices.com
- LinkedIn: https://www.linkedin.com/company/redwood-services-llc
- YouTube: https://www.youtube.com/@redwoodservices1910
- Instagram: https://www.instagram.com/redwood_services/
- Facebook: https://www.facebook.com/people/Redwood-Services/61564857547989/

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Profile page: https://yespress.io/redwood-services
Published by YesPress — https://yespress.io
Last updated: 2026-08-16