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M&A Deal Summary

Gamut Capital Management Acquires Airtron Heating & Air Conditioning

On August 8, 2024, private equity firm Gamut Capital Management acquired business services company Airtron Heating & Air Conditioning from NRG

Acquisition Highlights
  • This is Gamut Capital Management’s 1st transaction in the Business Services sector.
  • This is Gamut Capital Management’s 8th transaction in the United States.
  • This is Gamut Capital Management’s 1st transaction in Ohio.

M&A Deal Summary
Date 2024-08-08
Target Airtron Heating & Air Conditioning
Sector Business Services
Buyer(s) Gamut Capital Management
Sellers(s) NRG
Deal Type Divestiture

Target

Airtron Heating & Air Conditioning

Columbus, Ohio, United States
Airtron Heating & Air Conditioning is a provider of heating, ventilation, and air conditioning (HVAC) systems primarily focused on serving the residential construction channel. Airtron Heating & Air Conditioning was founded in 1972 and is based in Columbus, Ohio.

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Buyer(S) 1

Buyer

Gamut Capital Management

Category Private Equity Firm
Founded 2015
PE ASSETS 1.5B USD
Size Large
Type Sector Agnostic
DESCRIPTION

Gamut Capital Management is a private equity group focused on investing $50 to $150 million in middle market US-based companies. Target sectors include agriculture, chemicals, telecom, industrials, mining, power, distribution, technology, energy and transportation. Gamut’s flexible investment strategy incorporates leveraged buy-outs, corporate carve-outs, strategic partnerships, and distressed-for-control situations. Gamut Capital Management was formed in 2015 and is based in New York City.

DEAL STATS #
Overall 9 of 9
Sector (Business Services) 1 of 1
Type (Divestiture) 3 of 3
State (Ohio) 1 of 1
Country (United States) 8 of 8
Year (2024) 2 of 2
PREVIOUS DEAL
DATE TARGET DEAL TYPE VALUE
2024-04-23 DEX Imaging

Tampa, Florida, United States

DEX Imaging is an independent dealer of Kyocera, Konica Minolta, and Canon document imaging equipment. The company sells and services printers, copiers, fax units, and digital data management software. DEX Imaging was founded in 2002 and is based in Tampa, Florida.

Buy -

Seller(S) 1

SELLER

NRG

Houston, Texas, United States
Category Company
Founded 1989
Sector Utilities
Employees18,131
Revenue 28.8B USD (2023)
DESCRIPTION
Entrance to an NRG office in downtown Houston, Texas.
Entrance to an NRG office in downtown Houston, Texas.

NRG is a wholesale power generation company. NRG engages in the ownership, development, construction, and operation of power generation facilities; the transacting in and trading of fuel and transportation services; and the trading of energy, capacity and related products in the US and select international markets. NRG was formed in 1989 and is based in Houston, Texas.

DEAL STATS #
Overall 8 of 8
Sector (Business Services) 1 of 1
Type (Divestiture) 7 of 7
State (Ohio) 1 of 1
Country (United States) 8 of 8
Year (2024) 1 of 1
PREVIOUS DEAL
DATE TARGET DEAL TYPE VALUE
2023-06-01 NRG Energy - Texas Nuclear Plant

Houston, Texas, United States

NRG Energy's Texas Nuclear Plant is a 2,645-megawatt, dual-unit nuclear plant located about 90 miles southwest of Houston.

Sell -
Mergr

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