CMS Nextech (Audax PE) Acquires Aire Rite

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.

Easy Ice Acquires Cube Aire Refrigeration

December 1, 2022

Industrial Services

Easy Ice, the national leader in full-service ice machine subscription solutions, has acquired Cube Aire Refrigeration, an ice machine leasing and service company based in Lakeside, California that has operated since 1957. The acquisition expands Easy Ice's presence in Southern California by adding a branch location and service facility and increases customer density in the market.

Liberty Service Partners Acquires Aire Care Mechanical

March 12, 2024

HVAC & Mechanical

Liberty Service Partners, a home‑services platform backed by private equity firm NorthCurrent Partners, has acquired Aire Care Mechanical Heating & Cooling, a Knoxville, Tennessee HVAC contractor founded by Jeff and Heather Davis in 2015. The deal expands Liberty's presence in the Southeast and will keep Jeff Davis with the business; Viking Mergers & Acquisitions served as sell‑side advisor.

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.

CoolSys Acquires 1GNITE Solutions

August 21, 2023

Environmental Services

CoolSys, an Ares-backed nationwide provider of refrigeration, HVAC, energy and engineering solutions, has acquired 1GNITE Solutions, an asset recovery, recommerce and facility services company headquartered in Texas. The acquisition expands CoolSys’s sustainability and lifecycle service offerings by adding equipment decommissioning, recommerce and facility cleanout capabilities across its nationwide customer base.

Silver State Acquires Westaire Heating & Air Conditioning

April 3, 2025

HVAC & Mechanical

Silver State HVAC, Refrigeration & Plumbing (a portfolio company of The Edgewater Funds) has acquired Westaire Heating & Air Conditioning, Inc., a Ventura, California-based commercial HVAC and refrigeration services provider. The acquisition expands Silver State’s California footprint — complementing its Los Angeles and Sacramento operations — and adds technicians, installers and office staff to bolster commercial preventative maintenance, repair, installation and 24/7 emergency capabilities.