RLJ and LP First portfolio firm Flow pipes in Nunning

• Flow’s purchase of Nunning expands its footprint in Indiana
• The firm plans further expansion in the Midwest, Southeast and Mid-Atlantic
• RLJ has around $440 million in capital under management

Flow Service Partners, a portfolio company of RLJ Equity Partners and LP First Capital, has acquired Nunning Heating, Air Conditioning and Refrigeration, a heating and cooling service provider in Evansville, Indiana.

Nunning’s addition expands Flow’s footprint in Indiana, according to a release. No financial terms were disclosed.

Founded in 1978, family-owned Nunning focuses on HVACR installation, repair and maintenance for commercial customers.

“Flow’s continued investment in and expansion of its HVACR capabilities is a testament to our commitment to delivering value to our customers in a dynamic and competitive market,” said Thomas Ince, managing director at LP First Capital, in a statement.

Nunning is Flow’s fifth acquisition. Its previous add-ons include R Brooks Mechanical Heating and Air Conditioning in July 2022.

Nashville, Tennessee-headquartered Flow plans to further expand its footprint in the Midwest, Southeast and Mid-Atlantic. The firm provides HVACR and plumbing services and via its partners operates in Delaware, Florida, Indiana, Kentucky, Maryland and Pennsylvania.

RLJ is a middle-market private equity firm headquartered in Bethesda, Maryland. It has around $440 million in capital under management.

LP First Capital is a private investment firm headquartered in Austin, Texas.