Add-on Acquisition • Business Services

NearU Acquires Carolina Air

On April 15, 2021, NearU acquired business services company Carolina Air

Acquisition Context
  • This is NearU’s 3rd transaction in the Business Services sector.
  • This is NearU’s 3rd transaction in the United States.
  • This is NearU’s 2nd transaction in North Carolina.

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M&A Deal Summary

Date April 15, 2021
Target Carolina Air
Sector Business Services
Buyer(s) NearU
Deal Type Add-on Acquisition

Target Company

Carolina Air

Carthage, North Carolina, United States
Carolina Air has been professionally servicing and repairing heating and cooling systems throughout Moore and surrounding counties. Carolina Air was formed in 1999 and is based in Carthage, North Carolina.
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Buyer Overview 1

Buyer

NearU

Charlotte, North Carolina, United States

Category Company
Founded 2018
Sector Business Services
DESCRIPTION

NearU is a technology-enabled customer service platform that provides residential and light commercial HVAC services. The company is well-capitalized and seeks to grow aggressively, both organically and by acquiring or partnering with leading HVAC contractors. NearU was founded in 2018 and is based in Charlotte, North Carolina.


Deal Context for Buyer #
Overall 3 of 14
Sector: Business Services 3 of 13
Type: Add-on Acquisition 3 of 14
State: North Carolina 2 of 6
Country: United States 3 of 14
Year: 2021 1 of 10
PREVIOUS DEAL
DATE TARGET DEAL TYPE VALUE
2020-09-09 Hagan Heating and Air Conditioning

Anderson, South Carolina, United States

Hagan Heating and Air Conditioning LLC provides recurring maintenance, repair, and installation services for HVAC equipment. Hagan Heating and Air Conditioning is based in Anderson, South Carolina.

Buy -
FOLLOWING DEAL
DATE TARGET DEAL TYPE VALUE
2021-04-22 Happy Home Service

Durham, North Carolina, United States

Happy Home Service provides HVAC, plumbing, and electrical services. with NATE-certified professionals and our selection of products from leading brands like Energi Air, keep local homes as comfortable, fresh, and energy-efficient as they can be. Happy Home Service was founded in 1955 and is based in Durham, North Carolina.

Buy -