HVAC Company Sells to Private Equity

A company that drives exceptional HVAC installation and associated works for tier one clients, as well as managing significant infrastructure projects in the transport and education sectors, sells to Private Equity.

The vendors were seeking an investor that would create a suitable exit for themselves but also assist the excellent future growth opportunities available within the transport and education sectors.

Avondale generated extensive interest from both trade and capital growth acquirers, leading to the preliminary conversations with the PE company who indicated a strong interest. After they gained a deeper understanding of the opportunity, Avondale were able to negotiate an agreement that satisfied the vendors’ value and structure expectations, despite the challenges of Covid-19 restrictions.

The vendors will support the transition to the PE company for up to 18 months post-completion. The acquisition provides the PE with a thriving business to support their future growth and acquisition plans within this and associated sectors, whilst providing the founders the eventual transition to semi-retirement and opportunity to pursue new interests.

Sold to