AIC Ventures, a private real estate investment fund manager, has purchased the 34,000 square foot corporate headquarters of Fox Service Company in Austin, Texas. At the time AIC Ventures closed the acquisition and simultaneously entered into a long‐term lease with the company, Fox was acquired by Inoca Capital Partners.
AIC Ventures, a private real estate investment fund manager, has purchased the
34,000 square foot corporate headquarters of Fox Service Company in Austin, Texas. Fox is one of the largest and
most experienced air conditioning, heating, plumbing, mechanical, and electrical repair service providers in Central
Texas. At the time AIC Ventures closed the acquisition and simultaneously entered into a long‐term lease with the
company, Fox was acquired by Inoca Capital Partners.
“We are very pleased to have closed this sale leaseback transaction, our first with a portfolio company of Inoca. Fox is
a strong company that is further strengthened with Inoca as its private equity partner. We look forward to a longterm
and successful relationship with both Fox and Inoca,” stated Luis F. Medina, Managing Director of Acquisitions at
AIC. “This asset serves as strategic investment from a geographical standpoint in our ninth fund, for which we will be
acquiring approximately $250,000,000 in total assets. We will consider additional opportunities here in the Austin
market for the investment funds we manage,” Medina added.
Chris Sheffert, Managing Director of Inoca, stated: “From beginning to end, the AIC team demonstrated focus,
flexibility, and integrity. Overall, they performed well and did everything they said they would do. By executing the
transaction in concert with the acquisition of the company, we can now turn our full attention to driving the future
growth and success of the business.”
About AIC Ventures
AIC Ventures is a leading provider of alternative capital to middle‐market companies via real estate sale leasebacks and
also acquires existing net‐leased investment property. With over $1.2 billion in completed transactions, AIC Ventures
structures innovative corporate finance solutions for companies that need to strengthen their balance sheets, fund
growth initiatives including acquisitions, fund succession planning and/or support other strategic initiatives. The
company has closed 149 transactions in 30 states. For more information, visit www.aicventures.com.
About Fox Service Company
Fox Service Company is a locally grown service organization offering Commercial and Residential HVAC, Plumbing,
Electrical, Refrigeration and Process Piping services. For over 40 years they have been servicing the needs of their
friends and neighbors in the Central Texas community. Fox Service Company was built on the principles of putting their
customers’ needs first and treating their employees with the respect and professionalism they deserve. For more
information, visit www.foxservice.com.
About Inoca Capital Partners
Inoca Capital Partners, LLC is a multi‐family private investment firm that partners with strong management teams to
acquire and grow business services, consumer and light manufacturing companies with $1 to 5 million of EBITDA.
Management teams benefit from an investor with the flexibility to be a long‐term partner and board members that
have helped build world‐class organizations such as Gallup, National Car Rental, Quickbooks, Stanford University GSB,
US Bank, etc. Through combining our experience, networks, and a commitment to employees, our goal is to be the
preferred investment partner for business owners seeking liquidity.