Service Logic.

Service Logic

Service Logic

Service Logic is the largest independent provider of aftermarket maintenance, repair and replacement services for commercial heating, ventilation and air conditioning (“HVAC”) equipment in the United States.  The company delivers its solutions to a diverse customer base of over 8,000 commercial, industrial and institutional clients on a self-perform basis through 34 locations across 25 states.

Value Creation

Sterling worked closely with the Company’s management team to execute its investment thesis of building the Company through acquisitions and organic growth initiatives, with a focus on driving recurring maintenance service contract revenues.  Sterling named Craig Steinke, Sterling Operating Partner, as Chief Executive Officer and made significant investments in the Company’s senior management, and corporate and sales infrastructure. This included recruiting a new Chief Financial Officer and Chief Marketing Officer (a newly created role), promoting two existing executives into the newly created positions of Chief Operating Officer and Director of Corporate Development, respectively, and substantially expanding the Company’s maintenance contract salesforce. Sterling and management established a corporate platform with industry-leading practices, including integrated information technology systems, consistent sales training and business development practices, compensation programs that better aligned performance incentives, and M&A sourcing and integration capabilities. As a result of these initiatives, among others, since Sterling’s initial investment, Service Logic completed 12 acquisitions and realized organic growth in excess of underlying market growth.

Related News

07/31/2017
Warburg Pincus Announces Acquisition of Service Logic from Sterling Investment Partners
06/30/2017
Sterling Investment Partners' Portfolio Company Service Logic Acquires Three HVAC Providers
09/30/2016
Sterling Investment Partners' Portfolio Company Service Logic Acquires Three More HVAC Providers
07/19/2016
Service Logic Completes $206 Million Debt Financing
08/31/2015
Sterling Investment Partners' Portfolio Company Service Logic Acquires a Midwest HVAC Provider
05/31/2015
Sterling Investment Partners' Portfolio Company Service Logic Acquires Two Additional HVAC Providers
11/30/2014
Sterling Investment Partners' Portfolio Company Service Logic Acquires Airtight Mechanical, Inc.
06/30/2014
Sterling Investment Partners' Portfolio Company Service Logic Acquires Commercial Mechanical Systems
07/31/2013
Sterling Investment Partners' Portfolio Company Service Logic Acquires Delta Controls Chicago, Inc.
10/16/2012
Sterling Investment Partners Acquires Service Logic