Custom Air Conditioning (CAI-backed) Acquires Mavco Plumbing and Heating

Custom Air Conditioning Ltd. (CAI portfolio) Acquires Britech HVAC Ltd.

November 25, 2021

HVAC & Mechanical

Custom Air Conditioning Ltd., a portfolio company of CAI Capital Partners, has acquired Britech HVAC Ltd., a Kelowna-based provider of HVAC and mechanical services. The acquisition expands CustomAir's presence in the Interior/Okanagan region of British Columbia and broadens the service offering and technician capacity available to Britech's customers.

Custom Air Conditioning Acquires Reliatech HVAC Inc.

May 1, 2023

HVAC & Mechanical

Custom Air Conditioning Ltd., a portfolio company of CAI Capital Partners, has acquired Reliatech HVAC Inc., a Kamloops-based commercial HVAC and mechanical services provider. The add-on expands CustomAir's presence in the Interior of British Columbia, includes opening a new Kamloops branch, and will give Reliatech customers access to a broader service offering and more technicians.

Custom Air Conditioning Acquires Power Plus Electric Ltd. and I.C.R. Air Inc.

December 2, 2024

HVAC & Mechanical

CAI Capital Partners’ portfolio company Custom Air Conditioning Ltd. has acquired Power Plus Electric Ltd. (Maple Ridge, BC) and certain assets of I.C.R. Air Inc. (Kamloops, BC). The deals expand CustomAir’s electrical capabilities and strengthen its regional HVAC footprint in the Thompson region, positioning the company to capture demand from decarbonization and electrification initiatives across Western Canada.

Pueblo Mechanical & Controls (Huron Capital) Acquires Commercial Air, Inc.

January 2, 2019

HVAC & Mechanical

Huron Capital’s HVAC platform Pueblo Mechanical & Controls has acquired Commercial Air, Inc., a Phoenix-based commercial HVAC installation, maintenance and repair contractor founded in 1996. The deal is an add-on to Pueblo’s buy-and-build strategy to expand its commercial HVAC footprint across Arizona and the surrounding Southwestern states.

Air Conditioning Innovative Solutions (ACIS) Acquires H.V.A.C. Team Mechanical Services

December 15, 2020

HVAC & Mechanical

Caltius Equity Partners portfolio company Air Conditioning Innovative Solutions (ACIS) has acquired H.V.A.C. Team Mechanical Services (Team Services), expanding ACIS's geographic footprint into the Austin, Texas MSA. The acquisition adds Team Services' HVAC maintenance and service capabilities to the ACIS platform and enables the introduction of plumbing services to Team Services' customers.

Air Conditioning Specialist (HHCP Portfolio Company) Acquires Mac Heating & Air Conditioning

May 21, 2024

HVAC & Mechanical

Air Conditioning Specialist, Inc. (an HVAC and plumbing platform backed by Hidden Harbor Capital Partners) has acquired Mac Heating & Air Conditioning, Inc., a Brevard, North Carolina-based provider of residential and light commercial HVAC services founded in 1990. The deal expands ACS's service footprint in North Carolina and the broader southeast; financing was provided by Capital Southwest and First Eagle Alternative Credit, and Hatters Group served as sell‑side advisor to Mac.