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New Deal


Announced

Completed

Freeman Spogli completed the investment in NearU Services.

Financials

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Transaction Value-
Consideration TypeCash
Capital Owned-
Capital Bid For-
EV/Sales-
EV/EBITDA-
Share Price Premium-
One Off Charge-

Tags

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United States

Acquisition

HVAC services

Minority

Domestic

Private Equity

Private

Friendly

Single Bidder

repair services

Mechanical and Electrical Maintenance

Completed

Synopsis

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Freeman Spogli, a private investment firm, completed the investment in NearU Services, a provider of repair services focused on HVAC. SkyKnight Capital will remain significant shareholders alongside Freeman Spogli. Financial terms were not disclosed. "NearU’s partnership with Freeman Spogli represents a seminal and thrilling moment in the company’s journey. This partnership—along with continued commitment from our inaugural and instrumental investor, SkyKnight—will allow us to continue executing on our vision. With the backing of these two culturally aligned best-in-class investors, the unwavering support of our talented team members, and the continued loyalty of our customers, I am supremely confident that NearU will soon realize its potential to be the long-term industry leader, setting the standard for innovation, culture, training, and technology in the trades," Ashish Achlerkar, NearU Founder and CEO.

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