ST.
CATHERINES, ON, May 21, 2024
/CNW/ -- Right Time Group of Companies (Right Time), a leading
provider of residential heating, ventilation and air conditioning
(HVAC), plumbing and electrical services, announced it has named
Doug Hart as Chief Executive
Officer. Right Time is majority-owned by Gryphon Investors, a
San Francisco-based middle-market
private equity firm.
"The experiences and talents that Doug brings to the team will
prove to be invaluable," said Alex
Earls, Deal Partner at Gryphon. "He will play a critical
role as we continue our strategic growth plan and enable the
positive experiences that matter for all our customers and
employees."
Most recently, Mr. Hart served as Chief Executive Officer at
Royal House Partners, a home services business spanning the
southern and central U.S. During his tenure, he substantially grew
the company's marketing and sales capabilities, while significantly
driving operational efficiencies and improving profitability.
Mr. Hart was the former Vice President, International at
Terminix, where he was responsible for the non-U.S. business
covering Canada, Europe, and Latin America. Earlier, he served as Vice
President of Western Canada and
also Vice President of Sales and Marketing at Reliance Home
Comfort, where he held key roles in operations and in increasing
sales and revenues in the residential and commercial markets.
He holds a BCom from Memorial University of
Newfoundland and an MBA from Dalhousie
University in Halifax, Nova
Scotia.
Jeff Balagna, Chair of the Board
for Right Time and Gryphon Operating Partner, said, "I am excited
to partner with Doug as Right Time moves forward. His laser focus
on growth, superior service, and quality, as well as his proven
track record in the industry, gives me great confidence in his
leadership and vision for the company."
Mr. Hart commented, "It is a true privilege to step into the CEO
role at a company that has been and will continue to be a leader in
the industry. I have admired the truly great work this organization
has accomplished, and I'm excited about the opportunity to drive a
new level of growth and value for our customers."
About Right Time
Right Time is the largest independent
residential HVAC contractor in Canada and operates 26 locations in
Ontario, Nova Scotia, Manitoba, Saskatchewan, Alberta, and British
Columbia. With over 1,400 employees, the company provides
preventative maintenance programs, repairs, and replacements of
household HVAC units. For more information about Right Time,
visit https://right-time.ca/
About Gryphon Investors
Gryphon Investors is a leading middle-market private equity firm
focused on profitably-growing and competitively-advantaged
companies in the Business Services, Consumer, Healthcare,
Industrial Growth, and Software sectors. With approximately
$9 billion of assets under
management, Gryphon prioritizes investments in which it can form
strong partnerships with founders, owners, and executives to
accelerate the building of leading companies and generate enduring
value through its integrated deal and operations business model.
Gryphon's highly-differentiated model integrates its well-proven
Operations Resources Group, which is led by full-time, Gryphon
senior operating executives with general management, human capital
acquisition and development, treasury, finance, and accounting
expertises. Gryphon's three core investment strategies include its
Flagship, Heritage, and Junior Capital strategies, each with
dedicated funds of capital. The Flagship and Heritage strategies
target equity investments of $50
million to $350 million per
portfolio company. The Junior Capital strategy targets investments
in junior securities of credit facilities, arranged by leading
middle-market lenders, in both Gryphon-controlled companies, as
well as in other private equity-backed companies operating in
Gryphon's targeted investment sectors. For more information about
Gryphon Investors, visit https://www.gryphon-inv.com/
Contact:
Curtis
Budgell, Vice President, Corporate Development
Right Time Group of Companies
curtis.budgell@right-time.ca
204-296-8420
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SOURCE Right Time Group of Companies