Ardian to invest in Tom Barrow Company.

Ardian, a private investment house, agreed to invest in Tom Barrow Company, a provider of commercial HVAC solutions in the US Southeast. Financial terms were not disclosed. "The commercial HVAC industry benefits from particularly strong secular tailwinds. Building owners and tenants are increasingly focused on both indoor air quality and energy efficient buildings. Healthcare facilities, Life sciences labs, EV and battery plants, solar panel plants, and data centers are also all HVAC-intensive, increasing the need for clean room levels of purity, specialized cooling, or both. We believe Tom Barrow is well positioned to capture significant share in this attractive market," Kevin Kruse, Ardian Managing Director.