HVAC & Mechanical Recapitalizations in 2026
Showing 1 transactions.
-
- Buyer
- Blackstone, Brad Hobbs and family
- Target
- AIR Control Concepts
- Seller
- Madison Dearborn Partners
- Industry
- HVAC & Mechanical
- Location
- Virginia, United States
- Type
- Recapitalization
Blackstone has acquired Madison Dearborn Partners' remaining equity stake in AIR Control Concepts, making Blackstone the sole institutional investor after an initial investment in July 2024. AIR founder and CEO Brad Hobbs and his family are reinvesting alongside Blackstone as the company pursues continued expansion—including opportunities in data centers and adjacent service areas—across 35 U.S. states and Canada with more than 38 operating companies and roughly 1,900 associates.
Track M&A activity that matters to you
Get real-time deal alerts, build buyer lists with AI, and access our full acquisition database. Start your free trial today.