CoolSys, which is backed by Ares Management Corporation, has acquired Florida-based Building Air Services, a provider of service and preventive maintenance programs for commercial air conditioning, heating, refrigeration and automated building controls. No financial terms were disclosed.
Correction: An earlier headline and news report misstated that CoolSys is backed by Audax Private Equity. That was incorrect. Coolsys is now backed by private equity funds managed by Ares Management Corporation. The headline and news report have since been rectified.
BREA, Calif., Oct. 9, 2019 – CoolSys™, a parent of market-leading refrigeration and HVAC services companies nationwide, has announced the acquisition of Building Air Services, a provider of service and preventive maintenance programs for commercial air conditioning, heating, refrigeration and automated building controls. Through this acquisition, CoolSys strengthens its light commercial division and expands its presence in Florida, North Carolina, South Carolina, Georgia, Alabama, Mississippi, Louisiana, Texas and Arizona.
“We’re delighted to add Building Air Services to the CoolSys family of companies,” comments Adam Coffey, CEO of CoolSys. “As a leading HVAC-R provider in the Southeast Region, Building Air Services shares our commitment to putting customers’ needs first and delivering the highest quality services possible. We look forward to serving new customers throughout the Southeast region and expanding our light-commercial division as a result of this strategic acquisition.”
For the past 20 years, Building Air Services has been serving the Southeast region and has earned a reputation for being a responsive, customer-centric, high-quality service provider. Its technicians are required to meet high standards with continuous training and education. Additionally, its staff includes quality assurance managers who travel to service locations to guarantee the maintenance of the company’s high standards. Its dispatch center offers the increased efficiencies of GPS-equipped trucks and technologically integrated field service devices.
“At Building Air Services, our customers come first. We are confident that they will receive an enhanced service experience from the same local team as we become part of the CoolSys family,” comments Steve Boose, CEO of Building Air Services. “In addition, our customers will now have access to the expanded range of value-added services that CoolSys offers nationwide.”
CoolSys is the market-leading refrigeration and HVAC services company, specializing in a full spectrum of best-in-class service experiences and solutions for customers in the retail, food service, commercial and industrial market segments. CoolSys and its operating businesses cover every stage of mission-critical systems from engineering and design, to installation, service and maintenance, and energy optimization. Headquartered in Southern California, CoolSys has more than 2,000 highly trained, field-based service and installation experts serving the daily needs of more than 4,000 customers across North America. For additional information, please visit www.coolsys.com.
About Building Air Services
Based in Pinellas Park, Florida, Building Air Services provides HVAC-R services to meet today’s demands for efficiency, communication and innovation with hands-on management. An industry leader in the Southeast region, the company serves commercial customers throughout Florida, North Carolina, South Carolina, Georgia, Alabama, Mississippi, Louisiana, Texas and Arizona. Its clients include leading retailers such as Dollar Tree, Petco, AutoNation, Office Depot, FedEx and GNC Live Well, among many others.