BGIS (CCMP Portfolio) Acquires Millian-Aire Enterprises

Airo Mechanical Acquires Legrande's Enterprises

August 11, 2026

HVAC & Mechanical

Airo Mechanical acquired Legrande's Enterprises, a specialty plumbing and HVAC contractor based in Myrtle Beach, South Carolina. The transaction is Airo's first in partnership with CCMP Growth and marks Airo’s first location in the Myrtle Beach metropolitan area while deepening its plumbing expertise.

Veritas Capital to Acquire BGIS

July 16, 2026

IT Services

Veritas Capital has entered into a definitive agreement to acquire BGIS, a global technical integrated facilities management (IFM) provider, from CCMP Capital Advisors and Alberta Investment Management Corporation (AIMCo). Veritas will partner with BGIS CEO Gord Hicks and BGIS’ existing management team to support the company’s long-term growth strategy, including its digital facility management platform and AI-enabled roadmap. The transaction is expected to close in the fourth quarter of 2026, subject to customary regulatory approvals and closing conditions; financial terms were not disclosed.

CCMP Growth Advisors Acquires Airo Mechanical

August 7, 2025

HVAC & Mechanical

CCMP Growth Advisors has acquired Airo Mechanical, a Mooresville, North Carolina-based provider of HVAC and plumbing installation services, from an investor group led by Thomas Investments and Stephens Capital Partners. Management (CEO Matt Baude and CFO Angelia Ryan) will remain significant shareholders and Pete Papagiannis will join the board to advise on growth initiatives as CCMP Growth helps expand Airo's capabilities and geographic footprint across the Southeast.

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.

Colorado Mechanical Systems Acquires AMI Mechanical Systems

February 11, 2021

HVAC & Mechanical

Colorado Mechanical Systems (CMS), a Centennial, Colorado-based commercial and industrial HVAC, plumbing and building controls provider, has acquired AMI Mechanical Systems of Thornton, Colorado. The acquisition expands CMS's service footprint in the Mountain West and strengthens its position in core end markets including healthcare, education, municipal, senior living and industrial customers; AMI founders Manuel Gonzales and Paula Wiley will transition out and AMI's construction arm will continue operations post-close.

CCMP Capital to Acquire BGIS from Brookfield Business Partners

March 11, 2019

Industrial Services

CCMP Capital Advisors, LP agreed to acquire BGIS, a global integrated facilities management company, from Brookfield Business Partners for approximately US$1 billion. BGIS—headquartered in Toronto with over 7,000 employees and operations across Australia, Asia, North America and Europe—will remain led by CEO Gordon Hicks as CCMP partners with management to support further growth and innovation.