M&A Deal Summary

Point 41 Capital Partners and Monroe Capital Acquire Interstate AC Service

On May 9, 2024, private equity firm Point 41 Capital Partners and lender Monroe Capital acquired business services company Interstate AC Service

Acquisition Highlights
  • This is Point 41 Capital Partners’ 3rd and Monroe Capital’s 9th transaction in the Business Services sector.
  • This is Point 41 Capital Partners’ 3rd and Monroe Capital’s 107th transaction in the United States.
  • This is Point 41 Capital Partners’ 3rd and Monroe Capital’s 5th transaction in Tennessee.

M&A Deal Summary
Date 2024-05-09
Target Interstate AC Service
Sector Business Services
Buyer(s) Point 41 Capital Partners
Monroe Capital
Deal Type Buyout (LBO, MBO, MBI)

Target

Interstate AC Service

Nashville, Tennessee, United States
website
Interstate AC Service is a locally owned and operated full-service heating and air conditioning company serving Nashville-Davidson County and the surrounding counties. Interstate AC Service is based in Nashville, Tennessee.

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Buyer(S) 2

Buyer

Point 41 Capital Partners

website

Category Private Equity Firm
Founded 2022
Size Small
Type Sector Agnostic
DESCRIPTION

DEAL STATS #
Overall 3 of 3
Sector (Business Services) 3 of 3
Type (Buyout (LBO, MBO, MBI)) 3 of 3
State (Tennessee) 3 of 3
Country (United States) 3 of 3
Year (2024) 3 of 3
PREVIOUS DEAL
DATE TARGET DEAL TYPE VALUE
2024-05-09 Open Source Controls

Nashville, Tennessee, United States

Open Source Controls is a systems integration and full-service controls company dedicated to bringing cutting-edge yet functional technology advantages to building owners and operators. It partners with property owners, property managers, facilities staff, engineering firms, mechanical contractors, school districts, churches, industrial groups, and government entities to offer a broad range of customized solutions to building automation. Open Source Controls is based in Nashville, Tennessee.

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Buyer

Monroe Capital

Chicago, Illinois, United States

Investor Investor Investor Investor Investor

website

Category Lender
Founded 2004
PE ASSETS 14.1B USD
Size Mega
Type Sector Agnostic
DESCRIPTION

Monroe Capital is a provider of senior and junior debt and equity co-investments to middle-market companies in the US and Canada. Investment types include unitranche financings, cash flow and enterprise value based loans, asset based loans, acquisition facilities, mezzanine debt, second lien or last-out loans and equity co-investments. Monroe Capital is a generalist investor and will consider companies in the healthcare, technology, media, retail, consumer sectors. Monroe Capital was formed in 2004 and is based in Chicago.

DEAL STATS #
Overall 108 of 108
Sector (Business Services) 9 of 9
Type (Buyout (LBO, MBO, MBI)) 30 of 30
State (Tennessee) 5 of 5
Country (United States) 107 of 107
Year (2024) 5 of 5
PREVIOUS DEAL
DATE TARGET DEAL TYPE VALUE
2024-05-09 Open Source Controls

Nashville, Tennessee, United States

Open Source Controls is a systems integration and full-service controls company dedicated to bringing cutting-edge yet functional technology advantages to building owners and operators. It partners with property owners, property managers, facilities staff, engineering firms, mechanical contractors, school districts, churches, industrial groups, and government entities to offer a broad range of customized solutions to building automation. Open Source Controls is based in Nashville, Tennessee.

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