Summit Park, Capitala and Pareto Recapitalize United Air Temp

United Air Temp Recapitalizes Grande Aire Services and Haines in Florida

July 5, 2022

HVAC & Mechanical

United Air Temp (a portfolio company of Summit Park) completed a recapitalization of Grande Aire Services, Inc. and Haines Air Conditioning & Refrigeration in partnership with Grande Aire founder Robert Miller. The transaction expands UAT's residential HVAC footprint in Southwest Florida and advances Summit Park's HVAC consolidation strategy in the Mid-Atlantic and Southeast.

United Air Temp Acquires Albemarle Heating & Air

July 29, 2021

HVAC & Mechanical

United Air Temp (UAT), a portfolio company of Summit Park, has acquired Albemarle Heating & Air, a Charlottesville, Virginia-based provider of residential and commercial HVAC installation, repair and maintenance services. The acquisition is UAT's first add-on and expands its presence in Virginia, complementing UAT's existing operations in the Washington, D.C. metro and surrounding states.

United Air Temp (Summit Park) Acquires Comfort First Heating and Cooling

August 21, 2021

HVAC & Mechanical

United Air Temp, a Summit Park-backed residential HVAC platform based in Lorton, Virginia, has acquired Comfort First Heating and Cooling, a Sanford, North Carolina-based residential HVAC services provider founded in 2010. The acquisition is an add-on that expands UAT's footprint in North Carolina and represents the company's second buy-and-build acquisition since Summit Park's recapitalization of UAT.

United Air Temp Recapitalizes Bullseye Home Services

October 14, 2022

HVAC & Mechanical

United Air Temp (a portfolio company of Summit Park) completed a recapitalization of Bullseye Home Services, a residential plumbing and HVAC services provider headquartered in Osprey, Florida. The transaction was done in partnership with Bullseye owners Allen and Melissa Crick, who will remain in management, and positions Bullseye as part of UAT's platform to expand plumbing capabilities and regional presence in the Southeast.

Summit Park Recapitalizes Thrust Flight

September 12, 2024

Education

Summit Park has recapitalized Thrust Flight in partnership with Founder and CEO Patrick Arnzen, management, and aviation-focused investor AltitudeX Aviation. The recapitalization (Summit Park's fifth platform investment in Fund IV) provides capital to support Thrust's growth and geographic expansion of its Zero Time to Airline program across Texas; Fidus Capital provided debt financing.

Littlejohn & Co. Acquires United Air Temp, Air Conditioning and Heating

April 1, 2024

HVAC & Mechanical

Littlejohn & Co., a private investment firm, has acquired United Air Temp, a Lorton, Virginia-headquartered residential HVAC and plumbing services provider, from Summit Park. United Air Temp operates over 45 branches across the Mid-Atlantic and Southeastern U.S., with more than 850 employees and a customer base of over 90,000 homeowners; Littlejohn will partner with management, which remains a significant investor, to scale the platform organically and via M&A.