The $165 million venture capital raise is based on a valuation for the company at $1.65 billion.

The 2019 conference includes more than 35 education sessions covering topics focused on improving their workforce recruitment/retention, finances, technical knowledge and productivity.

Both companies were created by children of tradesmen to help their fathers’ businesses.

Consumers will be connected to more than 1,000 contractors skilled in installing ENERGY STAR-certified water heaters.