.
MergerLinks Header Logo

New Deal


Announced

NearU to acquire Bass Air Conditioning.

Financials

Edit Data
Transaction Value-
Consideration TypeCash
Capital Owned-
Capital Bid For100%
EV/Sales-
EV/EBITDA-
Share Price Premium-
One Off Charge-

Tags

Edit

Acquisition

Private

Single Bidder

hvac equipment

Mechanical and Electrical Maintenance

Pending

United States

Majority

Friendly

Synopsis

Edit

NearU HVAC Services, a technician- and customer-centric provider of residential and light commercial HVAC services, agreed to acquire Bass Air Conditioning, which provides recurring maintenance, repair, and installation services for HVAC equipment. Financial terms were not disclosed. "Bass Air Conditioning is an iconic brand with nearly seven decades providing superior customer service in eastern North Carolina. Notably, the company's in-house training facilities will serve as a foundation to grow NearU's comprehensive training school in the Fayetteville market. In concert with our existing team at Mark-Air Air Conditioning & Heating, also based in Fayetteville, we look forward to significantly expanding the reach of our customer services and the career opportunities of our team members within each company. NearU is committed to taking the incredible legacy of Bass to greater heights and we welcome the customers and employees of Bass to the rapidly growing NearU family," Ashish Achlerkar, NearU's Founder and CEO.

© COPYRIGHT 2024 MERGERLINKS LIMITED.

ALL RIGHTS RESERVED.

15 BONHILL STREET, LONDON, EC2A 4DN, UNITED KINGDOM.

CONTACT US