Prospect Partners Invests in Fontanesi & Kann to Establish Central States HVAC Solutions

November 1, 2022

Prospect Partners has invested alongside management in Fontanesi & Kann (including Architectural Building Components) and established Central States HVAC Solutions, a commercial HVAC distribution and services platform led by CEO Joe Fontanesi. SharpVue Capital provided a subordinated debt financing and equity co-investment while Byline Bank provided senior debt; Prospect and management plan to pursue add-on acquisitions to expand the platform's geographic footprint and capabilities.

Buyers
Prospect Partners, SharpVue Capital, Fontanesi & Kann management
Targets
Fontanesi & Kann (including Architectural Building Components)
Platforms
Central States HVAC Solutions
Location
Michigan, United States
Transaction Type
Buyout

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