Deal of the Year, Turnaround, 2017: American Capital, Service Experts

American Capital, Service Experts, private equity, merger, M&A, turnaround
Photo courtesy of Service Experts
In 2013, American Capital Ltd, through its special-situations investment team, carved out a struggling unit of residential HVAC service centers from Lennox International. At the time, the unit, Service Experts Heating and Air Conditioning, was generating significant operating losses. American ...

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