TORONTO & SAN FRANCISCO--(BUSINESS WIRE)--Right Time Heating and Air Conditioning (\u201cRight Time\u201d or the \u201cCompany\u201d), Canada's leading independent home services provider, today announced that it has appointed Steven Tsambalieros as Chief Executive Officer, effective immediately. Right Time is a portfolio company of Gryphon Investors (\u201cGryphon\u201d), a leading middle-market private investment firm.<\/p>
\nMr. Tsambalieros brings more than three decades of executive leadership experience building and scaling customer-focused, multi-site service organizations across North America. He most recently served as President of Rentokil Initial\u2019s Canadian Pest, Ambius and Steritech businesses, as well as two U.S. businesses, Vector Disease Control International and Solitude Lake Management.<\/p>
\nKarl Fessenden, who has served as Interim CEO, will transition to the role of Executive Chairman and will work closely with Mr. Tsambalieros, the Executive Leadership Team, Gryphon, and the Board to support Right Time\u2019s continued growth and long-term success.<\/p>
\n\u201cHaving worked closely with Right Time\u2019s teams over the past several months, I have seen firsthand the strength of this organization and the passion that drives it,\u201d said Karl Fessenden, Executive Chairman of Right Time. \u201cSteven brings the right combination of people-first leadership, operational discipline, and multi-site services experience to build on that foundation, and I am confident that he is the right executive to help lead Right Time during its next phase of growth.\u201d<\/p>
\nSteven Tsambalieros said, \u201cI am honored to join Right Time and excited to partner with Karl, Gryphon, and all of our teams across the Company\u2019s platform. Right Time is poised for strong growth and by continuing to put our employees first and maintaining an unwavering focus on customers, I am confident that we are strategically positioned to drive the business forward and ensure it reaches its full potential.\u201d<\/p>
\nAlex Earls, a Partner at Gryphon and Co-Head of its Business Services Group, stated that \u201cSteven\u2019s strong track record of successfully growing large, distributed service organizations makes him an ideal partner to accelerate Right Time\u2019s growth across Canada.\u201d<\/p>
\nAbout Right Time<\/b><\/p>
\nRight Time is the leading Canadian independent heating, ventilation, and air-conditioning (\"HVAC\") and plumbing contractor focused on the residential market. Right Time now operates out of 23 locations in Ontario, Nova Scotia, Manitoba, Saskatchewan, Alberta, and British Columbia, and provides preventative maintenance programs, repairs, and replacements of household HVAC units as well as residential plumbing repair and replacement services. For more information, please visit www.right-time.ca<\/a>.<\/p> \nAbout Gryphon Investors<\/b><\/p> \nGryphon Investors is a leading middle-market private investment firm focused on growing competitively-advantaged companies in the Business Services, Consumer, Healthcare, Industrial Growth, Software, and Technology Solutions & Services sectors. With more than $10 billion of assets under management, Gryphon's three core investment strategies include its Flagship, Heritage, and Junior Capital Funds. Gryphon prioritizes investments in which it can form strong partnerships with founders, owners, and management teams and generate enduring value through its integrated deal and operations business model. Gryphon's highly-differentiated model integrates its well-proven Operations Resources Group led by full-time senior operating executives and functional experts in artificial intelligence, capital markets, finance & accounting, human capital and information technology. To learn more, please visit www.gryphon-inv.com<\/a>.<\/p>