Morris HVAC Has New Owners

Ipswich MA Feb 14th, 2018.  Morris Heating and Air Conditioning, a long established HVAC company, serving residential and commercial clients on Boston’s north shore since 1998, has new owners. Tim Morris, the company’s founder and president, will be staying on to help new owners Russ Hancock and Brian Schmidt guide the company into the future. This will insure that customers will receive the same excelelnt service they have become acustom to.

Above from left to right Brian Schmidt, Russ Hancock. Tim Morris and ROI president Gary Rayberg

It is anticipated that all current employees will remain on board and the company has plans for continued growth.

Founder Tim Morris is elated about the future and feels “the new owners will grow the company while maintaining excellent employee practices and customer service”.

The new owners bring a solid business background to the management of Morris and are very excited to get to work and make improvements where needed.

Gary Rayberg of ROI commented that “This was a perfect match where both parties are great people and the benefit of that will go to the employees and customers of Morris HVAC”.

Dwight Feeney of Enterprise Bank provided the financing. Tim Morris was represented by attorney Marc Clerc and Hancock and Schnidt were represented by attorney Eric Sigman.

Morris was represented in the transaction by Gary Rayberg, president of ROI Corporation who are Business Brokers.

About ROI Corporation

ROI Corporation, based in the Boston market, has been involved in the sale of businesses and real estate in over 30 states since 1997. They also assist in the transfer of business ownership between generations and to key employees and management teams. ROI serves all of New England including MA, NH, RI and CT with two divisions; a main street division serving smaller businesses as well as their middle market M&A division.  Their Marietta, Georgia, office, specializing in Service Distribution & Manufacturing Companies, serves the southeast United States. They also have an office in Simsbury, Connecticut.  For more information, please visit us on the web at or call (781) 682-6209.