Redwood Services

John Conway as CEO leads the partnership evaluation and acquisition strategy, working with co-founders Richard Lewis and David Kyle. The firm evaluates potential partner companies based on owner character, market position, and cultural fit rather than purely financial metrics. Day-to-day portfolio company oversight falls to the operations team, not a centralized investment committee.

Redwood sources deals through industry trade networks, HVAC and plumbing manufacturer relationships, and direct outreach to business owners approaching retirement. The firm avoids auction processes that attract competing financial buyers. Many introductions come from existing partner operators who recommend peers in adjacent geographies.

Redwood focuses exclusively on the essential residential trades — HVAC, plumbing, and electrical — and avoids discretionary home improvement, new-construction-dependent trades, and commercial-service models. The firm has consistently declined to enter roofing, landscaping, or other weather-dependent verticals where revenue visibility is lower.

Redwood deploys capital exclusively through direct majority acquisitions of operating companies. It does not invest as a limited partner in third-party funds, make minority investments, or pursue add-on acquisitions that sacrifice the original brand identity of partner companies.