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New Deal


Announced

Completed

Kian Capital completed the acquisition of Team Air Distributing.

Financials

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

Tags

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Acquisition

Private

Private Equity

Friendly

United States

air conditioning

Electronic Equipment: Other

Domestic

Majority

Completed

Single Bidder

Synopsis

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Kian Capital, a lower-middle-market focused private investment firm, completed the acquisition of Team Air Distributing, a wholesale distributor providing OEM-branded HVAC equipment. Financial terms were not disclosed. “At Team Air, we’ve always been committed to being the best partner possible to each and every customer. When the search began to find the best possible partner for Team Air, it was of vital importance to find one with the same values, commitment to excellence and willingness to help us achieve our goals to expand into new geographies and take advantage of opportunities as quickly as possible. From the moment we met the team at Kian, it was obvious that they believed in backing the business as well as the people who make it happen every day," Jeff Wallace, Team Air President and CEO.

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