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Announced

Completed

Wind Point Partners-backed Zone Climate Services completed the acquisition of Smart Care Equipment Solutions from Audax Private Equity for $387m.

Financials

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Transaction Value£324m
Consideration TypeCash
Capital Owned-
Capital Bid For100%
EV/Sales-
EV/EBITDA-
Share Price Premium-
One Off Charge-

Tags

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Acquisition

Machinery: Specialty

commercial HVAC

Completed

Private

United States

Friendly

food equipment

Majority

Private Equity

Domestic

Synopsis

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Wind Point Partners-backed Zone Climate Services, a provider of HVAC services, completed the acquisition of Smart Care Equipment Solutions, a national service provider of commercial food equipment services, from Audax Private Equity, a private equity firm, for $387m. “Smart Care and its portfolio of companies have a track record of exceptional growth and I am excited to work with their skilled management team. We share a common vision of superior service for customers, a best-in-class workplace for technicians, and aggressive pursuit of acquisitions. We will combine under the Smart Care banner with Zone Climate Services being rebranded Smart Care Climate Solutions, which provides a tremendous opportunity to better serve more customers as a united group," Henry Lees-Buckley, Zone Climate Services CEO.

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