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

Investcorp Acquires Best in Class Technology Services (BCTS)

January 9, 2024

HVAC & Mechanical

Investcorp acquired Best in Class Technology Services (BCTS), a Lenexa, Kansas–headquartered provider of commercial HVAC, plumbing and electrical maintenance and project services. Dunes Point Capital sold BCTS and will remain a meaningful shareholder alongside BCTS management as Investcorp looks to accelerate the company’s national growth and platform expansion.

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 Control Concepts (Blackstone) Acquires Technical Air Systems, Inc.

February 19, 2026

HVAC & Mechanical

AIR Control Concepts, a portfolio company of Blackstone, has acquired Technical Air Systems, Inc., an ESOP-owned regional HVAC manufacturers' representative based in Morristown, New Jersey. The deal positions Technical Air to leverage AIR's national platform and resources to accelerate growth across the New York/New Jersey market and preserve the company's local relationships and entrepreneurial culture.

Therma Holdings Acquires CMTA and Building Systems Holdings to Expand Energy & Sustainability Platform

July 16, 2021

Engineering Services

Therma Holdings, a Blackstone portfolio company, agreed to acquire CMTA and Building Systems Holdings (BSH) to expand its engineering and energy services platform for high-performance buildings across the United States. The add-on acquisitions bring expanded MEP/energy-efficiency engineering, performance contracting, and construction management capabilities—adding over 150 professional engineers and broadening end-market coverage in healthcare, K‑12, higher education, federal and municipal facilities.