Kennedy Mechanical and Ryan Plumbing & Heating Merge with NexCore, Expanding Trinity Hunt Partners’ Commercial HVAC Portfolio

NexCore, a commercial HVAC service platform supported by Dallas-based private equity firm Trinity Hunt Partners, is excited to announce its partnership with Kennedy Mechanical (“Kennedy”) and Ryan Plumbing & Heating (“Ryan” or collectively the “Company”) based in Rochester, New York. This addition furthers NexCore’s expansion in the commercial HVAC (CHVAC) services sector, which began with the initial investment in Alliance Group and subsequent partnerships with Pratt & Smith and Sylvester and Cockrum.

Kennedy Mechanical, founded in 1979, is a versatile mechanical contractor specializing in HVAC, plumbing, and fire protection installation and service for both commercial and residential clients. Known for its high-quality service and stellar reputation, Kennedy prioritizes safety, respect, and integrity among its skilled employees and loyal customers.

Founded in 1999, Ryan Plumbing & Heating, under the same ownership as Kennedy, focuses on providing HVAC, plumbing, and fire protection service and maintenance to commercial and residential customers.

“We are thrilled to welcome Kennedy and Ryan into the NexCore family. These businesses represent some of the finest in the commercial HVAC and plumbing services industry,” stated NexCore CEO Steve Knowles. “The NexCore platform allows like-minded leaders to collaborate, share best practices, and build winning teams, continuing to deliver top-tier service to their customers.”

Kennedy and Ryan together serve a diverse customer base across upstate New York, including medical centers, manufacturing, industrial facilities, warehouses, grocery stores, higher education institutions, multi-family residential buildings, retail centers, automotive dealerships, hotels, and general contractors. Their extensive geographic presence and experienced leadership team offer opportunities to enhance geographic density in the Northeast as NexCore scales up.

“We are excited to join the NexCore platform and utilize its outstanding resources to better serve our valued customers, while also investing in and growing our businesses across New York State,” said Kennedy President Steve Cassidy. “I remain deeply committed to this company and look forward to a bright future with the NexCore team. NexCore shares Kennedy and Ryan’s vision and values, emphasizing top-tier customer service and growth opportunities for our workforce. I am enthusiastic about our future together.”

NexCore is actively seeking opportunities to expand its platform with like-minded partner companies in the commercial HVAC industry. For more information, please visit

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