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M&A Deal Summary

NearU Acquires Action Air Conditioning Heating & Solar

On November 24, 2021, NearU acquired business services company Action Air Conditioning Heating & Solar

Acquisition Highlights
  • This is NearU’s 11th transaction in the Business Services sector.
  • This is NearU’s 11th transaction in the United States.
  • This is NearU’s 1st transaction in California.

M&A Deal Summary
Date 2021-11-24
Target Action Air Conditioning Heating & Solar
Sector Business Services
Buyer(s) NearU
Deal Type Add-on Acquisition

Target

Action Air Conditioning Heating & Solar

San Marcos, California, United States
Action Air Conditioning, Heating & Solar provides HVAC and solar services to Southern California residents. Action Air consists of trained professionals, NATE-Certified technicians, and reliable live customer service members committed to providing indoor air quality to make homes more comfortable. Action Air Conditioning, Heating & Solar was founded in 1975 and is based in San Marcos, California.

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Buyer(S) 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 STATS #
Overall 11 of 14
Sector (Business Services) 11 of 13
Type (Add-on Acquisition) 11 of 14
State (California) 1 of 1
Country (United States) 11 of 14
Year (2021) 9 of 10
PREVIOUS DEAL
DATE TARGET DEAL TYPE VALUE
2021-11-23 American Mechanical

Virginia Beach, Virginia, United States

American Mechanical is a provider of plumbing, HVAC, and electrical services. American Mechanical was founded in 1994 and is based in Virginia Beach, Virginia.

Buy -
FOLLOWING DEAL
DATE TARGET DEAL TYPE VALUE
2021-12-21 Robertson Electric

Charlottesville, Virginia, United States

Robertson Electric is a provider of an electrical, plumbing, and HVAC services to residential and light commercial customers for their home services needs. Robertson Electric was founded in 1968 and is based in Charlottesville, Virginia.

Buy -
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