Sterling Investment Partners ("Sterling"), a private equity firm that has been investing in and building middle-market companies for almost 25 years, announces that its portfolio company, Service Logic, acquired two heating, ventilation and air conditioning (“HVAC”) service companies: High Plains Mechanical Service, Inc. and National HVAC Service.
High Plains Mechanical Service Inc.
High Plains Mechanical Service Inc. (“High Plains”) is a service provider specializing in HVAC service, maintenance and installation of commercial, institutional and industrial buildings in the Colorado and Wyoming area.
National HVAC Service
National HVAC Service (“National”) is a provider of heating, air conditioning and mechanical services, primarily in the commercial, industrial and institutional market sectors. National provides a wide range of offerings to its customers from guaranteed maintenance agreements to complete system installations. Located in Pennsylvania, National has expanded operations into more than seven locations throughout the U.S., including Delaware, Tennessee, Massachusetts and Arkansas.
Sterling Investment Partners
Sterling Investment Partners is a private equity firm with a highly experienced, cohesive team of senior investment professionals. Sterling acquires businesses that the firm believes have strong, sustainable competitive advantages and significant opportunities for value creation. Sterling has over $1.5 billion in initial fund commitments. Over its history, Sterling has completed platform investments, strategic or add-on acquisitions, recapitalizations and liquidity events with an aggregate transaction value of over $10 billion, representing more than 100 transactions. Key industries Sterling focuses on include business services, industrial and consumer value-added distribution, niche manufacturing, and transportation and logistics. www.sterlinglp.com