HVAC & Mechanical Recapitalizations in 2018
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August 28, 2018
- Buyer
- Baum Capital Partners, Tree Line Capital Partners
- Target
- Goettl Air Conditioning
- Industry
- HVAC & Mechanical
- Location
- Nevada, United States
- Type
- Recapitalization
Baum Capital Partners has partnered with Goettl Air Conditioning CEO Ken Goodrich to complete a recapitalization of Goettl, a leading residential HVAC and plumbing services provider headquartered in Las Vegas. The deal includes an equity co-investment from Tree Line Capital Partners and debt financing from Tree Line and Bridge Bank, with capital intended to accelerate Goettl's U.S. expansion and support organic growth and strategic acquisitions.
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June 26, 2018
- Buyer
- Montlake Capital
- Target
- Fast Water Heater Company
- Industry
- HVAC & Mechanical
- Location
- Washington, United States
- Type
- Recapitalization
Montlake Capital completed a recapitalization and strategic investment in Fast Water Heater Company, a Bothell, Washington-based provider of residential and commercial water heater and plumbing services. The transaction will provide growth capital and strategic guidance to scale the business while keeping Jason Hanleybrown in his role as CEO.
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