Ardian Acquires Majority Stake in Tom Barrow Company
July 25, 2023
Ardian's North America Fund acquired a majority stake in Tom Barrow Company, a leading provider of commercial HVAC solutions headquartered in Atlanta, Georgia. The founding family and management will retain a meaningful minority ownership; financial terms were not disclosed and financing for the transaction included an unsecured term loan arranged by Platinum Equity's credit team.
- Buyers
- Ardian
- Targets
- Tom Barrow Company
- Sellers
- Tom Barrow founding family, Tom Barrow management team
- Industry
- HVAC & Mechanical
- Location
- Georgia, United States
- Transaction Type
- Buyout
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