We are tracking Redwood Services' acquisition of the Sierra platform, a pre-assembled group of five contractors bought as one from seller SE Capital, announced May 4, 2026. Press reports put the value near $220,000,000.
Redwood's own release states no value and calls terms confidential; Altas Partners backs the platform.
The five companies span Nevada, Colorado, Arizona, and Idaho, adding three new states, about four hundred employees, and more than forty thousand households served each year.
This is a platform-of-platforms structure, where the buyer takes a pre-built multi-company cluster rather than single add-ons. Tracker entries listing Brothers Plumbing or Sierra Air separately are components of this one deal, not distinct transactions.
Our data indicates the estimated $220,000,000 implies a mid-single-digit multiple on an aggregate EBITDA range that no party confirmed. [ESTIMATED] We read it as an efficient way to buy scale and geography across four states in one close.