M&A Deal Summary

Del-Air Acquires ARS

On September 13, 2024, Del-Air acquired consumer services company ARS from Charlesbank Capital Partners and GI Partners

Acquisition Highlights
  • This is Del-Air’s 1st transaction in the Consumer Services sector.
  • This is Del-Air’s 2nd transaction in the United States.
  • This is Del-Air’s 1st transaction in Tennessee.

M&A Deal Summary

Date 2024-09-13
Target ARS
Sector Consumer Services
Buyer(s) Del-Air
Sellers(s) Charlesbank Capital Partners
GI Partners
Deal Type Add-on Acquisition

Target

ARS

Memphis, Tennessee, United States
ARS is a provider of heating and air conditioning (HVAC) and plumbing services nationwide. ARS primarily serves homeowners in need of emergency repair and replacement services for heating, air conditioning, energy efficiency, plumbing, drain cleaning and sewer lines. It operates under two well-known national brands, ARS and Rescue Rooter, as well as through trusted local brands in select markets. ARS was founded in 1995 and is based in Memphis, Tennessee.

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Buyer(S) 1

Buyer

Del-Air

Sanford, Florida, United States

Category Company
Founded 1983
Sector Business Services
DESCRIPTION

Del-Air is a provider of residential HVAC installation and service, plumbing, electrical home services and replacements, and light commercial HVAC services and replacements. Del-Air was founded in 1983 and is based in Sanford, Florida.


DEAL STATS #
Overall 2 of 2
Sector (Consumer Services) 1 of 1
Type (Add-on Acquisition) 2 of 2
State (Tennessee) 1 of 1
Country (United States) 2 of 2
Year (2024) 1 of 1
PREVIOUS DEAL
DATE TARGET DEAL TYPE VALUE
2023-12-01 Simpson Air

Tampa, Florida, United States

Simpson Air provides air conditioning and heating services. Simpson Air was founded in 1999 and is based in Tampa, Florida.

Buy -

Seller(S) 2

SELLER

Charlesbank Capital Partners

Boston, Massachusetts, United States

Investor Investor Investor Investor Investor


Category Private Equity Firm
Founded 1998
PE ASSETS 6.0B USD
Size Mega
Type Sector Agnostic
DESCRIPTION

Charlesbank Capital Partners is a private equity firm focused on investing in companies at various stages of development, including private and public companies, distressed situations, as well as later stage high growth businesses. Charlesbank typically invests $50 to $150 million per deal, in companies valued between $150 million and $3 billion. Industries of interest include consumer products, distribution, energy, financial services, food, education, health-care products and services, manufacturing, media and communications, and retail. Charlesbank Capital Partners is based in Boston, Massachusetts with an additional office in New York City.


DEAL STATS #
Overall 50 of 50
Sector (Consumer Services) 1 of 1
Type (Add-on Acquisition) 18 of 18
State (Tennessee) 3 of 3
Country (United States) 46 of 46
Year (2024) 1 of 1
PREVIOUS DEAL
DATE TARGET DEAL TYPE VALUE
2024-09-03 Front Row Group

New York, New York, United States

Front Row Group is an e-commerce agency and accelerator specializing in beauty, health, wellness, and consumer brands. Front Row Group is based in New York City.

Buy -
SELLER

GI Partners

San Francisco, California, United States

Investor Investor Investor Investor Investor


Category Private Equity Firm
Founded 2001
PE ASSETS 16.0B USD
Size Mega
Type Sector Agnostic
DESCRIPTION

GI Partners (Global Innovation Partners) is a private equity firm focused on control oriented investments in asset-backed businesses and properties located throughout North America and Western Europe. GI looks to invest up to $1500 million in companies generating predictable, recurring cash flows; underperforming businesses with intrinsic value; and direct asset investments with operational complexity. Sectors of interest include energy, education, healthcare services, leisure, retail, logistics, media, entertainment, financial services, technology, and telecommunications. GI Partners was formed in 2001 and has offices in San Francisco, Greenwich, and Chicago.


DEAL STATS #
Overall 24 of 24
Sector (Consumer Services) 1 of 1
Type (Add-on Acquisition) 7 of 7
State (Tennessee) 1 of 1
Country (United States) 19 of 19
Year (2024) 1 of 1
PREVIOUS DEAL
DATE TARGET DEAL TYPE VALUE
2024-09-12 eClinical Solutions

Mansfield, Massachusetts, United States

eClinical Solutions is a provider of cloud-based enterprise software and software-driven clinical data services. The elluminate platform provides life sciences companies with greater control of their clinical trial data. Elluminate software and data-driven services have been used by more than 100 life sciences companies on more than 500 trials. eClinical Solutions was founded in 2006 and is based in Mansfield, Massachusetts.

Buy -