Hidden Harbor Capital Partners has acquired Georgia-based Air Conditioning Specialist, Inc., a heating, ventilation and air conditioning service provider. No financial terms were disclosed.
Boca Raton, Florida, September 8, 2021 – Hidden Harbor Capital Partners (“Hidden Harbor”), an operationally focused private equity firm specializing in control investments in lower middle market companies, is pleased to announce the acquisition of Air Conditioning Specialist, Inc., (“ACS”), a leading Heating, Ventilation, & Air Conditioning (“HVAC”) service provider focused on residential and commercial customers in the southeastern United States.
Based in Milledgeville and Covington, Georgia and founded in 1967, ACS provides a differentiated value proposition to customers through its expertise and reliability in HVAC services. ACS provides highly responsive preventative maintenance, service, and repair work for thousands of residential and commercial customers across Georgia and has broad capabilities in retrofit and rehab HVAC installations, with a particular focus on the education and healthcare segments.
“ACS, in its nearly 55-year operating history, has established itself as a trusted provider of HVAC services in Georgia, recognized for its exceptional quality, around-the-clock availability, dedicated employees, and customer service,” said Russell Kreutter, a Vice President at Hidden Harbor.
“We look forward to supporting the exciting growth of ACS in partnership with its talented management team while continuing to provide superior service and products to existing customers,” added Chris Paldino, a Managing Partner at Hidden Harbor.
“The ACS team is thrilled to partner with Hidden Harbor,” said Pat Hayes, CEO of ACS. “Working together with the Hidden Harbor team will allow us to strengthen our capabilities for our current customers and expand our service offering into more cities across Georgia and the southeastern United States. At ACS, service is the lifeblood of our organization, and we remain highly committed to our existing customers and suppliers.”
Hidden Harbor’s acquisition of ACS closed on August 31st, 2021. Terms of the transaction were not disclosed.
About Air Conditioning Specialist, Inc.
Air Conditioning Specialist, Inc. is a regional leader in the Heating, Ventilation, & Air Conditioning (“HVAC”) industry focused on the residential and commercial sectors in Georgia. ACS customers have the advantage of dealing with highly trained and specialized staff that provide complete HVAC sales, engineering, installation, and service. Founded over 50 years ago, we provide 100% satisfaction guarantee and offer emergency services, same-day appointments, two-hour response times, and dedicated call center. For more information, visit https://www.theairconditioningspecialist.com/
About Hidden Harbor Capital Partners
Hidden Harbor Capital Partners is a private equity firm with an operations soul and intense passion for building great companies. Hidden Harbor brings large-scale, private equity experience and resources to the lower middle market with a focus on value-oriented, operationally intense situations. Our principals are Investor Operators® who bring over 55 years of both extensive transaction and operating experience to truly understand your business. As one team, we partner and work hand-in-hand with our portfolio companies to drive business successes. To learn more, visit www.hh-cp.com.