CCMP Growth Advisors Acquires Airo Mechanical
August 7, 2025
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.
- Buyers
- CCMP Growth Advisors
- Targets
- Airo Mechanical
- Sellers
- Thomas Investments, Stephens Capital Partners
- Industry
- HVAC & Mechanical
- Location
- North Carolina, United States
- Transaction Type
- Buyout
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