Print
More News

Wilmington-based Green Dot Growing HVAC Business Throughout The Carolinas

By Christina Haley O'Neal, posted Jul 29, 2021
Green Dot Heating & Air is expanding beyond its two locations in Wilmington (one shown above). (Photo courtesy of Green Dot)
Wilmington-headquartered Green Dot Heating & Air is undergoing a rapid expansion with new locations outside of the area.

The HVAC services company has recently closed on a seventh acquisition to expand from its Wilmington base, which has two locations: its headquarters at 3303 Merchant Court and a second space for its installation and sales departments at 204 Antilles Court in Dutch Square.

The business started in early 2020 by partners that include Chris Jones, CEO; Greg Nelson, president; and Wesley Tyler, COO. The group developed at the time a rollout strategy to begin acquiring heating, ventilation and air conditioning (HVAC) companies across the Carolinas to roll into a single brand, Jones said.

​“It’s an opportunity to buy very good businesses that didn’t really have an exit plan until we arrived. And we are buying the smaller companies,” Jones said.

Jones said another goal is to develop a business model that provides opportunities and a stable career path in the industry. The firm has 75 full-time employees in North Carolina and South Carolina, with 32 of those workers in the Wilmington area.

“We wanted to create a platform where you can make this a career, you can advance, you can step into leadership roles, and all sorts of different things, and at the same time, really professionalizing an industry that we think a lot of. I don’t think the trades have necessarily been given the credit for all the wonderful things they do for every one of our communities," he said. "I think the trades have been looked down upon."

Salary ranges in the HVAC industry, such as for a skilled service technician, can range between $50,000 and close to $100,000 a year, he said.

“It’s a highly skilled trade … there is such an opportunity for people who have a gift with their hands and gift with understanding electronics and refrigeration and airflow," Jones said. "If your mind works that way, you can create a wonderful life for yourself and a wonderful career.”

The COVID-19 pandemic has sparked more business and job opportunities in the HVAC industry, Jones said.

The company mainly focuses on HVAC residential systems, while also doing some light commercial business, he said.

Green Dot has opened other locations in the Seabrook/Kiawah area, Charleston, Columbia and Mount Pleasant in South Carolina.

“We are actively looking at additional acquisitions," Jones said. “We think we can get to $100 million in revenue on an annualized basis by the end of 2025.”

The business is moving at a fast pace with its acquisitions and is looking to triple the size of the company by late 2022.

“We just really are trying to create something special. Something unique in this industry. Something that for the most part really doesn't exist in the marketplace, which is a large residential-focused, singular-branded company across North and South Carolina,” Jones said. “We want to be the biggest in the state.”
Ico insights

INSIGHTS

SPONSORS' CONTENT
Headshotrosaliecalarco 1182131047

The Government is Calling? Think Again!

Jimheadshot

The Wilmington Construction Market: Trends, Recognition, and Challenges

Jim Hundley - Thomas Construction Group
Chris coudriet

A Public Service Profile on Creating Beauty in Our Community

Chris Coudriet - New Hanover County Government

Trending News

Conservation Group Signs $8M Deal To Buy The Point On Topsail Island

Audrey Elsberry - Mar 26, 2024

National Organization Bestows Top Award On Cape Fear Professional Women In Building

Staff Reports - Mar 26, 2024

Engineering Firm Hires Four Employees

Staff Reports - Mar 26, 2024

N.C. Ports Officials React To Baltimore Bridge Collapse

Audrey Elsberry - Mar 26, 2024

NCino's Fourth-quarter Earnings Signal Rebound From Liquidity Crisis

Audrey Elsberry - Mar 27, 2024

In The Current Issue

Q&A: Andrews Reflects On Leadership

Pender County Manager David Andrews is slated to retire this summer after 33 years in local government....


INFO JUNKIE: Jack Fleming

Jack Fleming, owner of Socialry Marketing & Scourz and emcee for 1 Million Cups Wilmington, shares his media and tech picks....


Topsail-area Realtors Share Updates

Pender County Realtors recently shared updates about the coastal market at an event hosted by the Wilmington-Cape Fear Home Builders Associa...

Book On Business

The 2024 WilmingtonBiz: Book on Business is an annual publication showcasing the Wilmington region as a center of business.

Order Your Copy Today!


Galleries

Videos

2023 Power Breakfast: Major Developments