Ardian Acquires Majority Stake in Tom Barrow Company

Tom Barrow Co. (Ardian portfolio company) Acquires R.F. Peck Co., Inc.

December 11, 2023

HVAC & Mechanical

Tom Barrow Co., an Ardian-backed HVAC platform based in Atlanta, acquired R.F. Peck Co., Inc., a manufacturers’ representative and HVAC distributor serving New York, Vermont and Massachusetts. R.F. Peck will continue to operate as an independent brand (now R.F. Peck HVAC, LLC) with long-time principals Terry Seery and Jim Browe remaining in leadership and investing in the business to support growth in the Northeast.

Ardian Acquires Remaining Stake in Hill Top Energy Center

April 28, 2025

Energy

Ardian has acquired the remaining equity stake in Hill Top Energy Center, giving it 100% ownership and full operational control of the 620 MW combined-cycle gas turbine in western Pennsylvania. The asset sells capacity and energy into the PJM market and the transaction is Ardian Americas Infrastructure Fund V's first energy investment, intended to support long-term growth and reliable power supply for rising electricity demand.

Ardian Acquires Majority Stake in Acousti Engineering Company of Florida

September 30, 2020

Construction

Ardian's North America Direct Buyouts team has agreed to acquire a majority stake in Acousti Engineering Company of Florida from the Verner family and retiring members of management, with the ongoing management team retaining a meaningful minority interest. The investment will support a management-led leadership transition and accelerate Acousti's geographic expansion and growth across its specialty interior systems and finishing services.

The Arcticom Group Acquires Tomco Mechanical Corporation

July 8, 2022

HVAC & Mechanical

The Arcticom Group, a Walnut Creek, California-based HVACR platform backed by A&M Capital Partners, has acquired Tomco Mechanical Corporation, a Westbury, New York provider of commercial refrigeration and HVAC services. The acquisition expands Arcticom's footprint to the East Coast and strengthens its service offering to national and regional grocery and commercial customers, with Tomco's management (led by John Martinelli) remaining in leadership and retaining a meaningful ownership stake.

Dubin Clark Acquires Astar Heating & Air; Midwest Mezzanine Provides Subordinated Financing

August 30, 2019

HVAC & Mechanical

Dubin Clark & Company, Inc. acquired Astar Heating & Air, LLC, a regional provider of HVAC replacement, maintenance and plumbing services serving more than 20,000 residential homeowners in New York’s lower Hudson Valley. Midwest Mezzanine provided subordinated debt and equity to support the transaction.

Ardian Acquires Stake in NetCo Group

June 17, 2021

Industrial Services

Ardian (via its Expansion team) has acquired a stake in NetCo Group, the Bordeaux‑headquartered European leader in design and maintenance of industrial conveyor systems, in a deal that follows prior investments from IK Investment Partners and Andera Partners. The Perriez founding family remains involved and Ardian will support NetCo’s continued organic growth and international expansion and bolt‑on strategy across Europe.