M&A Deal Summary

Gemini Investors Acquires Conditioned Air

On August 27, 2015, private equity firm Gemini Investors acquired consumer services company Conditioned Air

Acquisition Highlights
  • This is Gemini Investors’ 1st transaction in the Consumer Services sector.
  • This is Gemini Investors’ 66th transaction in the United States.
  • This is Gemini Investors’ 3rd transaction in Florida.

M&A Deal Summary

Date 2015-08-27
Target Conditioned Air
Sector Consumer Services
Buyer(s) Gemini Investors
Deal Type Recapitalization

Target

Conditioned Air

Naples, Florida, United States
Conditioned Air is a provider of HVAC maintenance, repair and installation services to residential and commercial customers in southwest Florida. Conditioned Air was founded in 1962 and is based in Naples, Florida.

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Buyer(S) 1

Buyer

Gemini Investors

Wellesley, Massachusetts, United States

Investor Investor Investor Investor Investor


Category Private Equity Firm
Founded 1993
PE ASSETS 700M USD
Size Middle-Market
Type Sector Agnostic
DESCRIPTION

Gemini Investors is a middle-market private equity firm that targets investments in growing and established businesses. Areas of interest include technology, business services, consumer services, healthcare, education, manufacturing and distribution. Gemini looks for companies with $5 to $50 million in annual revenue and typically makes investments of $3 to $8 million in the form of preferred stock and/or subordinated debt. Prospective transaction types include growth capital, recapitalization and buyout situations. Gemini Investors was formed in 1993 and is based in Wellesley, Massachusetts.


DEAL STATS #
Overall 66 of 96
Sector (Consumer Services) 1 of 2
Type (Recapitalization) 16 of 21
State (Florida) 3 of 7
Country (United States) 66 of 96
Year (2015) 4 of 8
PREVIOUS DEAL
DATE TARGET DEAL TYPE VALUE
2015-08-17 360 Physical Therapy

Chandler, Arizona, United States

360 Physical Therapy operates outpatient physical therapy clinics that treat a wide range of orthopedic, chronic pain, neuropathic, and vestibular disorders. 360 Physical Therapy was founded in 2001 and is based in Chandler, Arizona.

Buy -
FOLLOWING DEAL
DATE TARGET DEAL TYPE VALUE
2015-09-01 Express Window Films

Danbury, Connecticut, United States

Express Window Films is a provider of a wide array of performance window films and tools used in both automotive and architectural applications. Express Window Films was founded in 1982 and is based in Danbury, Connecticut.

Buy -