Announced
Completed
Financials
Tags
Mechanical and Electrical Maintenance
Private
United States
Completed
Majority
Single Bidder
HVAC contractor
Acquisition
Friendly
Private Equity
Synopsis
AE Industrial Partners-backed Resolute Industrial, an independent provider of specialty HVAC&R equipment rental solutions, completed the acquisition of DriExpress and Empire Holdings, two specialty HVAC&R equipment rental and logistical support businesses. Financial terms were not disclosed. "DriExpress and Empire strongly complement our growing rental fleet and service offerings, allowing us to better serve our customers. With this acquisition of over 5k assets, we have expanded our rental division to include Mobile DRI – Disaster Resource Solutions, while increasing our geographic coverage and specific expertise in a fragmented and rapidly evolving restoration services industry. We welcome William and his team, who are incredible additions to our company," Mike McGraw, Resolute CEO.
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