Investcorp Acquires Best in Class Technology Services (BCTS)

Best in Class Technology Services Acquires Mountain Air Systems Holdings, Inc.

May 5, 2022

HVAC & Mechanical

Best in Class Technology Services (BCTS), a portfolio company of Dunes Point Capital (DPC), has acquired Mountain Air Systems Holdings, Inc., a commercial HVAC aftermarket service provider based in Williston, Vermont. The acquisition is an add-on to BCTS’s platform to expand its commercial HVAC maintenance, repair and project capabilities and regional footprint.

Dunes Point Capital Creates Best in Class Technology Services via Investments in Vulcan, P1 Services and Rieck

October 14, 2020

HVAC & Mechanical

Dunes Point Capital (DPC) has formed Best in Class Technology Services (BCTS), a commercial HVAC services platform headquartered in Birmingham, Alabama, through investments in Vulcan Heating and Air Conditioning Service, P1 Services, LLC, and Rieck Services, LLC. DPC’s Fund II provided the controlling equity and M&T Bank provided debt financing; the acquisitions combine ~12 locations across six states and roughly 450 employees under the new platform.

Best in Class Technology Services (Dunes Point Capital) Acquires Thayer Corporation and Dyer Service

June 18, 2021

HVAC & Mechanical

Best in Class Technology Services (BCTS), a portfolio company of Dunes Point Capital, has acquired Thayer Corporation (Auburn, Maine) and Dyer Service (Cincinnati, Ohio). The transactions are add-on acquisitions to BCTS’s commercial HVAC aftermarket services platform, expanding its geographic footprint and service capacity across the U.S.

Building Controls & Solutions Acquires Interstate HVAC Controls

December 20, 2021

HVAC & Mechanical

Building Controls & Solutions (BCS) has acquired Interstate HVAC Controls, a Brighton, MA-based provider of building automation systems and components. The acquisition expands BCS's technical capabilities and establishes a New England presence to provide broader coverage and deeper service to commercial building customers across the United States.

Air Conditioning Specialist (ACS) Invests in Pro Tech Services (BGD Enterprise)

August 9, 2022

HVAC & Mechanical

Air Conditioning Specialist, Inc. (ACS), a portfolio company of Hidden Harbor Capital Partners, has made an investment in BGD Enterprise, Inc. (doing business as Pro Tech Services), a Byron, Georgia-based HVAC and plumbing services provider. The deal expands ACS's service mix toward service and replacement, adds plumbing capabilities, and strengthens ACS's presence in Middle Georgia as a PE-backed add-on.

Bernhard Capital Partners Acquires TechServ to Establish Utility Engineering & Consulting Platform

June 2, 2025

Engineering Services

Bernhard Capital Partners (BCP) has acquired TechServ, a utility engineering and service provider headquartered in Tyler, Texas, to establish a new utility engineering and consulting platform. The investment positions the platform to support grid modernization, electrification, and telecom infrastructure expansion across the electric power and telecommunications sectors.