Aquaheat NZ Limited

What Aquaheat NZ Limited does

Aquaheat NZ Limited is a New Zealand-based HVAC and mechanical contracting company headquartered in Auckland, employing approximately 26 staff. The company designs, installs, and commissions heating, ventilation, air conditioning, and mechanical systems for commercial, industrial, and institutional buildings across New Zealand. Its go-to-market is B2B enterprise field sales, engaging property developers, construction firms, and building owners through direct outreach and project scoping.

The company's core offering is project-based mechanical installation services delivered through one-time project contracts, with pricing custom-quoted per engagement based on scope, scale, and complexity. It does not sell a software product or subscription; the underlying capability is mechanical engineering, on-site installation labor, and commissioning expertise rather than a technology platform. Supporting functional areas include Health & Safety management, Sustainability advisory, and Careers — these reinforce project delivery credibility rather than constituting separate revenue lines.

Aquaheat is 100% locally owned and operates as a member company within Horizon Energy Group, alongside sister entities ElectriNET, Horizon Networks, Caldwell Levesque, and CoolLogic. This group affiliation provides access to related energy and infrastructure service lines and the ability to position integrated mechanical-electrical-network solutions to large infrastructure clients. The company describes itself as one of New Zealand's most renowned HVAC/mechanical project installation contractors, indicating an established reputation in a relationship-driven market, though no public financials, customer logos, or quantitative growth signals are disclosed.

Name

Aquaheat NZ Limited

Legal name

Aquaheat New Zealand Limited

Website

https://aquaheat.nz

Company type

Private

Operating status

Operating

Headcount range

11–50 employees

Short description

Aquaheat NZ Limited is a 100% locally owned New Zealand HVAC and mechanical contracting firm, headquartered in Auckland, that designs, installs, and commissions mechanical systems for commercial, industrial, and institutional buildings across New Zealand as a member of Horizon Energy Group.

Ownership category

akta.pro rank

Product category

HVAC Mechanical Contracting

NAICS

Plumbing, Heating, and Air-Conditioning Contractors (238220)

SIC

Auto Controls For Regulating Residential & Comml Environments (3822)

akta.pro primary industry

Commercial HVAC/R Installation (Rooftop Units, Split Systems) (HSAOAGAH)

akta.pro secondary industries

Ventilation System Installation (Exhaust Fans, ERV/HRV, Make-Up Air) (HSAOAGAI), Commercial Water Heater & Boiler Service (HSAOACAJ)

Keywords

• HVAC installation
• Mechanical contracting
• Commercial HVAC services
• Building mechanical systems
• Industrial ventilation

GTM type

B2B

Offering type

Services

Cost components

Personnel, Supply Chain, Operations, Infrastructure, Marketing or Sales, Technology or R&D

Revenue model

1. Mechanical Project Installation: Large-scale HVAC and mechanical project installation services for commercial and industrial clients. Revenue generated through project-based contracts.

Go-to-market motion1 record

Distribution channels1 record

Marketing channels1 record

Core offering

Aquaheat NZ Limited is a New Zealand-based HVAC and mechanical project installation contractor that designs, installs, and commissions heating, ventilation, and air conditioning systems for commercial, industrial, and institutional buildings. The company delivers project-based mechanical contracting services across New Zealand, operating as a single-source installation contractor for large-scale building mechanical systems.

Product overview

Aquaheat NZ Limited operates as a single unified service offering — providing HVAC/mechanical contracting and installation services rather than a software product platform. The company is 100% locally owned and functions as a project installation contractor, delivering mechanical systems for buildings. The primary offering is the core HVAC/mechanical installation service, supplemented by related services including Health & Safety management, Sustainability consulting, and corporate news/publications.

Differentiator

Problem solved

Functional benefit

Products and services

• HVAC/Mechanical Contracting & Installation Services

Segments1 record

Ideal customer profiles1 record

Technology focussed No

API detail

Has API

No

API docs

API detail

Core technology

AI maturity

App detail

Partnerships

One partnership is on record.

• Horizon Energy GroupcoreStrategic or Co-development PartnerAquaheat NZ Limited is a member company of Horizon Energy Group, a New Zealand-based energy and infrastructure group. This affiliation provides integration with related energy services including electrical (ElectriNET), networks (Horizon Networks), and other mechanical/energy solutions (Caldwell Levesque, CoolLogic).

Scale indicators1 record

Recent moves3 records

Expansion highlights2 records

Broad incumbents

• Johnson Controls: Global HVAC equipment, controls, and integrated building solutions provider that competes with specialty mechanical contractors on large commercial projects; comparable on the HVAC systems and installation side, but with a far broader equipment-and-services portfolio.
• Programmed: Large Australian-listed facilities management and maintenance services provider with HVAC/mechanical contracting capabilities serving commercial, industrial, and government clients — a broader incumbent with overlapping mechanical services but a much wider service portfolio.
• BGIS: Global facility management, project delivery, and HVAC services provider operating across Australasia — comparable in delivering mechanical project installations and ongoing services to commercial and institutional portfolios, though at significantly larger scale.
• Spotless Group: Major Asia-Pacific facilities and asset services provider with HVAC and mechanical services as part of a broad integrated facilities offering — comparable in commercial HVAC installation and maintenance capabilities but operating at much greater scale and scope.

Others

• Carrier Global: Global HVAC and refrigeration equipment manufacturer whose products are commonly specified and installed by commercial mechanical contractors; an ecosystem supplier/partner comparable through the supply chain rather than as a direct contracting competitor.
• Trane Technologies: Global manufacturer of commercial HVAC systems that sells into and partners with mechanical contractors like Aquaheat; adjacent rather than directly competitive, as Trane supplies equipment to installers rather than performing project installation itself.

Direct peers

• Hawkins Group: One of New Zealand's largest commercial construction contractors, executing large-scale building projects that include significant mechanical and HVAC installation scopes — directly comparable to Aquaheat's core HVAC/mechanical project installation business in the same NZ market.
• Comfortech Building Performance Solutions: New Zealand HVAC and building performance contractor delivering mechanical installation, service, and energy-efficiency work for commercial and industrial clients — a head-to-head competitor in the same NZ HVAC/mechanical contracting market.

Regional players

• Watts Group: Australian mechanical and electrical building services contractor providing HVAC, plumbing, and electrical installation for commercial and institutional projects — comparable in service mix and project profile to Aquaheat, with regional overlap into NZ from Australia.
• Airmaster: Australia's largest commercial HVAC mechanical services contractor, delivering design, installation, and service for large commercial and industrial buildings. Directly comparable in service offering and customer type, but operating primarily across the Tasman rather than in New Zealand.

Market position

Strengths4 records

Weaknesses4 records

Competitive moat3 records

Key risks6 records

Key highlights5 records

Customer concentration

• LinkedInlinkedin.com/company/aquaheat-nz-limited

Revenue estimate

Valuation estimate

Number of profiles

Funding overview

Funding rounds

Investors

Funding detail is available on the Subscription and Enterprise plan.Contact sales →

M&A

Investments

M&A and investment is available on the Subscription and Enterprise plan.Contact sales →

Frequently asked questions about Aquaheat NZ Limited