Fidelity Building Services Group Acquires Air One Industries

Fidelity Building Services Acquires AIR Technologies

October 18, 2021

HVAC & Mechanical

Fidelity Building Services (Fidelity BSG), a portfolio company of Oaktree Capital Management, has acquired AIR Technologies, an Oklahoma City–based mechanical/HVAC service provider. The add-on deal (effective October 8, 2021) expands Fidelity BSG's geographic footprint into Oklahoma and enhances its HVAC, sheet metal fabrication, and building-automation capabilities.

Onex Partners V Acquires Fidelity Building Services Group

November 9, 2021

Industrial Services

Onex Partners V, a fund of Onex Corporation, has agreed to acquire Fidelity Building Services Group in partnership with the company's management team. Fidelity BSG is a provider of HVAC, mechanical, building automation and emergency power services headquartered in Sparks, Maryland; Onex said it will support Fidelity's organic growth and accelerate its acquisition strategy. Terms were not disclosed and the transaction was expected to close later in 2021 subject to customary conditions.

Fidelity Building Services Group Acquires St. Johns Air

December 11, 2025

HVAC & Mechanical

Fidelity Building Services Group has acquired St. Johns Air, a Jacksonville-based provider of HVAC and refrigeration services, expanding Fidelity’s footprint into Northeast Florida and South Georgia. The deal adds HVAC, refrigeration, preventive maintenance and retrofit capabilities to Fidelity’s national platform and strengthens service coverage for commercial and industrial customers in the region.

Fidelity Building Services Group Acquires South Florida Controls

December 17, 2021

Electrical Services

Fidelity Building Services Group, backed by Onex Partners, has acquired South Florida Controls, a Miami-based building automation and controls systems integrator. The add-on acquisition (effective December 6, 2021) expands Fidelity BSG's building automation, energy management and controls capabilities and bolsters its presence in the South Florida market.

Fidelity Building Services Group Acquires Compressor Energy Services

May 14, 2024

Industrial Services

Fidelity Building Services Group (Fidelity BSG) has acquired Compressor Energy Services (CES), a New England–based firm specializing in compressed air energy-efficiency consulting and project implementation. CES will join Fidelity's Energy & Sustainability Group to expand turnkey energy offerings for industrial, manufacturing and R&D clients across Fidelity's national footprint.

Fidelity Building Services Group Acquires Tropic-Kool

November 12, 2024

HVAC & Mechanical

Fidelity Building Services Group has acquired Tropic-Kool, a Largo, Florida-based commercial design-build and HVAC/mechanical services contractor. The acquisition strengthens Fidelity's service footprint in the Southeastern United States and adds Tropic-Kool's fabrication capabilities and local customer relationships in healthcare, education and commercial/industrial markets.