Leonard Green & Partners Acquires Service Logic from Warburg Pincus
November 2, 2020
Leonard Green & Partners acquired Service Logic from Warburg Pincus. Service Logic, headquartered in Charlotte, North Carolina, operates 76 branches across the United States as a leading provider of commercial HVAC aftermarket maintenance, repair and replacement services; the company will remain led by CEO Craig Steinke and management, and Leonard Green intends to support continued organic growth and strategic acquisitions. Terms were not disclosed; committed debt financing was provided by JPMorgan Chase, Morgan Stanley, Antares Capital, and Crescent Capital.
- Buyers
- Leonard Green & Partners
- Targets
- Service Logic
- Sellers
- Warburg Pincus
- Industry
- HVAC & Mechanical
- Location
- North Carolina, United States
- Transaction Type
- Buyout
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