Add-on Acquisition • Consumer Services

Air Temp Mechanical Services Acquires Hipoint Heating & Cooling

On April 7, 2022, Air Temp Mechanical Services acquired consumer services company Hipoint Heating & Cooling

Acquisition Context
  • This is Air Temp Mechanical Services’ 1st transaction in the Consumer Services sector.
  • This is Air Temp Mechanical Services’ 3rd transaction in the United States.
  • This is Air Temp Mechanical Services’ 3rd transaction in Connecticut.

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M&A Deal Summary

Date April 7, 2022
Target Hipoint Heating & Cooling
Sector Consumer Services
Buyer(s) Air Temp Mechanical Services
Deal Type Add-on Acquisition

Target Company

Hipoint Heating & Cooling

South Windsor, Connecticut, United States
Hipoint Heating & Cooling is a regional commercial HVAC service company. Hipoint Heating & Cooling was founded in 1991 and is based in South Windsor, Connecticut.
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Buyer Overview 1

Buyer

Air Temp Mechanical Services

Berlin, Connecticut, United States

Category Company
Founded 1978
Sector Business Services
DESCRIPTION

Air Temp Mechanical Services is a HVAC service providers. Air Temp Mechanical Services operates as a full-service mechanical contractor with an emphasis on design-build, service, maintenance, controls, retrofits, replacements, and energy management systems. Air Temp Mechanical Services was founded in 1978 and is based in Berlin, Connecticut.


Deal Context for Buyer #
Overall 3 of 4
Sector: Consumer Services 1 of 1
Type: Add-on Acquisition 3 of 4
State: Connecticut 3 of 4
Country: United States 3 of 4
Year: 2022 1 of 1
PREVIOUS DEAL
DATE TARGET DEAL TYPE VALUE
2021-10-18 Mechanical Maintenance

South Windsor, Connecticut, United States

Mechanical Maintenance is a regional commercial HVAC service company. Mechanical Maintenance was founded in 1962 and is based in South Windsor, Connecticut.

Buy -
FOLLOWING DEAL
DATE TARGET DEAL TYPE VALUE
2023-09-01 TESCO

Bloomfield, Connecticut, United States

TESCO is a commercial HVAC and plumbing design, installation, and service company in the greater Hartford region. TESCO was formed in 1964 and is based in Bloomfield, Connecticut.

Buy -