Madison Industries Acquires Specified Air Solutions from The Sterling Group

Flow Service Partners Acquires Dynamic Air Solutions

May 31, 2024

HVAC & Mechanical

Flow Service Partners, a PE-backed commercial HVACR and plumbing platform, has acquired Dynamic Air Solutions, a Louisville-based commercial and industrial HVAC specialist. The add-on expands Flow's service capabilities and operational density in Kentucky and southern Indiana; financial terms were not disclosed.

HomeServe USA Acquires Sterling Air Services

December 16, 2020

HVAC & Mechanical

HomeServe USA acquired Sterling Air Services, a Mesa, Arizona-based HVAC and plumbing services provider, to expand its presence in the Phoenix East Valley. Sterling — founded by Joel and Anastasia Harris and operating with a ~12-technician team serving residential customers — will join HomeServe's regional operations to broaden service capacity and local coverage.

Madison Industries' IAQ Vertical Acquires Big Ass Fans from Lindsay Goldberg

July 19, 2021

Manufacturing

Madison Industries’ Indoor Air Quality vertical (Madison IAQ) has agreed to acquire Big Ass Fans from funds managed by Lindsay Goldberg. Financial terms were not disclosed; the deal is expected to close in Q3 2021 and expands Madison’s indoor air quality and airflow product portfolio.

AirX Climate Solutions Acquires AboveAir Technologies

July 8, 2024

HVAC & Mechanical

AirX Climate Solutions, a Gryphon Investors-backed platform, has acquired AboveAir Technologies, a Frederick, Maryland-based OEM of precision cooling solutions for data centers. AboveAir will operate as a new division of ACS with founder Matt Miller named President of the AboveAir division and becoming a shareholder; ACS will invest in manufacturing capacity at AboveAir's 100,000-square-foot facility and expand its Mid-Atlantic footprint.

Daikin Applied Acquires Alliance Air Products

March 2, 2023

Manufacturing

Daikin Applied has acquired Alliance Air Products, a San Diego–based manufacturer of custom air-handling equipment. The acquisition expands Daikin’s portfolio and engineering capabilities—strengthening its data-center cooling and custom HVAC offerings while enabling faster delivery and broader end-to-end solutions for mission-critical applications.

Blackstone and Madison Dearborn Invest in Air Control Concepts

July 15, 2024

HVAC & Mechanical

Funds managed by Blackstone have made an equity investment in Air Control Concepts alongside existing investor Madison Dearborn Partners and AIR's management team to support the continued growth of AIR's commercial HVAC solutions platform. Headquartered in Norfolk, Virginia, AIR will continue to be led by its existing management team, which retains a meaningful ownership stake; terms were not disclosed.