Gamut Capital Management Acquires Airtron Heating & Air Conditioning

Airtron Heating & Air Conditioning Acquires Sierra Air Conditioning

March 5, 2025

Construction

Airtron Heating & Air Conditioning, a portfolio company of Gamut Capital Management, has acquired Sierra Air Conditioning, Inc., Sierra Air Conditioning of Idaho LLC, and Silverado Mechanical LLC to expand its HVAC installation capabilities into Nevada and Idaho. The acquisition creates a national HVAC installation platform focused on the single-family residential new construction (RNC) channel; financial terms were not disclosed.

Gryphon Investors Acquires AirX Climate Solutions from L Catterton

September 27, 2023

Industrial Services

Gryphon Investors has agreed to acquire AirX Climate Solutions (ACS), a specialty HVAC designer, manufacturer, distributor, and servicer headquartered in Oklahoma City, from private equity firm L Catterton. Gryphon will partner with ACS management, who are reinvesting, to expand geographic footprint, grow aftermarket and service offerings, and pursue add-on acquisitions; the deal is expected to close in Q4 2023 and financial terms were not disclosed.

Gryphon Investors Acquires Right Time Heating and Air Conditioning from Clairvest

December 30, 2020

HVAC & Mechanical

Gryphon Investors completed a majority acquisition of Right Time Heating and Air Conditioning from Clairvest Group Inc., acquiring Canada’s largest independent residential HVAC services provider. Right Time — founded in 2014 and based in St. Catharines, Ontario with ~400 employees and 11 locations — will keep its management team in place with management retaining a significant equity stake as Gryphon supports continued organic growth and add-on M&A.

Fix-It 24/7 (New Harbor Capital Portfolio) Acquires Builder's Heating and Air Conditioning

August 5, 2020

HVAC & Mechanical

Fix-It 24/7, a New Harbor Capital–backed provider of residential home maintenance services, has completed the acquisition of Builder's Heating and Air Conditioning, a long-established HVAC services provider in the Denver metropolitan area. The add-on deal expands Fix-It's footprint and service capacity in the Denver market.

Right Time Group Acquires Climate Air Heating & Air Conditioning

December 10, 2021

HVAC & Mechanical

Right Time Group of Companies, a Gryphon Investors–backed residential HVAC platform, acquired Climate Air Heating & Air Conditioning, a family-owned residential HVAC business serving Barrie, Ontario. The transaction expands Right Time's footprint in Ontario and brings Climate Air's management and employees into Right Time's network; terms were not disclosed.

Cimarron Acquires Aereon

May 4, 2020

Energy

Houston-based Cimarron has acquired Aereon, an Austin-headquartered provider of emissions control equipment and services, in a strategic combination supported by private equity sponsor Turnbridge Capital. The deal brings together complementary emissions-control product lines and service networks to expand Cimarron's capabilities across upstream, midstream and downstream energy markets.