M&A Deal Summary

NearU Acquires Bass Air Conditioning

On July 21, 2020, NearU acquired business services company Bass Air Conditioning

Acquisition Highlights
  • This is NearU’s 1st transaction in the Business Services sector.
  • This is NearU’s 1st transaction in the United States.
  • This is NearU’s 1st transaction in North Carolina.

M&A Deal Summary

Date 2020-07-21
Target Bass Air Conditioning
Sector Business Services
Buyer(s) NearU
Deal Type Add-on Acquisition

Target

Bass Air Conditioning

Fayetteville, North Carolina, United States
Bass Air Conditioning Co. provides recurring maintenance, repair, and installation services for HVAC equipment. Bass Air Conditioning Co. was formed in 1952 and is based in Fayetteville, North Carolina.

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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 formed in 2018 and is based in Charlotte, North Carolina.


DEAL STATS #
Overall 1 of 14
Sector (Business Services) 1 of 13
Type (Add-on Acquisition) 1 of 14
State (North Carolina) 1 of 6
Country (United States) 1 of 14
Year (2020) 1 of 2
FOLLOWING DEAL
DATE TARGET DEAL TYPE VALUE
2020-09-09 Hagan Heating and Air Conditioning

Anderson, South Carolina, United States

Hagan Heating and Air Conditioning LLC provides recurring maintenance, repair, and installation services for HVAC equipment. Hagan Heating and Air Conditioning is based in Anderson, South Carolina.

Buy -