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
- Industry
- HVAC & Mechanical
- Location
- Michigan, United States
- Transaction Type
- Buyout
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