Custom Air Conditioning Acquires Reliatech HVAC Inc.

Custom Air Conditioning Ltd. (CAI portfolio) Acquires Britech HVAC Ltd.

November 25, 2021

HVAC & Mechanical

Custom Air Conditioning Ltd., a portfolio company of CAI Capital Partners, has acquired Britech HVAC Ltd., a Kelowna-based provider of HVAC and mechanical services. The acquisition expands CustomAir's presence in the Interior/Okanagan region of British Columbia and broadens the service offering and technician capacity available to Britech's customers.

Custom Air Conditioning (CAI-backed) Acquires Mavco Plumbing and Heating

May 28, 2019

HVAC & Mechanical

CAI Capital Partners portfolio company Custom Air Conditioning Ltd. has acquired Mavco Plumbing and Heating Ltd., a Penticton-based provider of HVAC, refrigeration and plumbing services. The deal expands CustomAir's presence in the Interior of British Columbia and broadens the service offering and technician capacity available to Mavco's residential, commercial and institutional customers.

Custom Air Conditioning Acquires Power Plus Electric Ltd. and I.C.R. Air Inc.

December 2, 2024

HVAC & Mechanical

CAI Capital Partners’ portfolio company Custom Air Conditioning Ltd. has acquired Power Plus Electric Ltd. (Maple Ridge, BC) and certain assets of I.C.R. Air Inc. (Kamloops, BC). The deals expand CustomAir’s electrical capabilities and strengthen its regional HVAC footprint in the Thompson region, positioning the company to capture demand from decarbonization and electrification initiatives across Western Canada.

Daikin Applied Acquires Alliance Air Products

March 2, 2023

Manufacturing

Daikin Applied has acquired Alliance Air Products, a San Diego–based manufacturer of custom air-handling equipment. The acquisition expands Daikin’s portfolio and engineering capabilities—strengthening its data-center cooling and custom HVAC offerings while enabling faster delivery and broader end-to-end solutions for mission-critical applications.

Pueblo Mechanical & Controls (Huron Capital) Acquires Commercial Air, Inc.

January 2, 2019

HVAC & Mechanical

Huron Capital’s HVAC platform Pueblo Mechanical & Controls has acquired Commercial Air, Inc., a Phoenix-based commercial HVAC installation, maintenance and repair contractor founded in 1996. The deal is an add-on to Pueblo’s buy-and-build strategy to expand its commercial HVAC footprint across Arizona and the surrounding Southwestern states.

Right Time Group Acquires Climate Air Heating & Air Conditioning

December 10, 2021

HVAC & Mechanical

Right Time Group of Companies, a Gryphon Investors–backed residential HVAC platform, acquired Climate Air Heating & Air Conditioning, a family-owned residential HVAC business serving Barrie, Ontario. The transaction expands Right Time's footprint in Ontario and brings Climate Air's management and employees into Right Time's network; terms were not disclosed.