M&A Deal Summary

NearU Acquires Mountain Air Mechanical Contractors

On May 6, 2021, NearU acquired business services company Mountain Air Mechanical Contractors

Acquisition Highlights
  • This is NearU’s 5th transaction in the Business Services sector.
  • This is NearU’s 5th transaction in the United States.
  • This is NearU’s 4th transaction in North Carolina.

M&A Deal Summary

Date 2021-05-06
Target Mountain Air Mechanical Contractors
Sector Business Services
Buyer(s) NearU
Deal Type Add-on Acquisition

Target

Mountain Air Mechanical Contractors

Arden, North Carolina, United States
Mountain Air Mechanical Contractors is a provider of heating and air conditioning services. Mountain Air Mechanical Contractors was founded in 1996 and is based in Arden, 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 5 of 14
Sector (Business Services) 5 of 13
Type (Add-on Acquisition) 5 of 14
State (North Carolina) 4 of 6
Country (United States) 5 of 14
Year (2021) 3 of 10
PREVIOUS DEAL
DATE TARGET DEAL TYPE VALUE
2021-04-22 Happy Home Service

Durham, North Carolina, United States

Happy Home Service provides HVAC, plumbing, and electrical services. with NATE-certified professionals and our selection of products from leading brands like Energi Air, keep local homes as comfortable, fresh, and energy-efficient as they can be. Happy Home Service was founded in 1955 and is based in Durham, North Carolina.

Buy -
FOLLOWING DEAL
DATE TARGET DEAL TYPE VALUE
2021-05-20 Energy Savers

Columbus, Georgia, United States

Energy Savers is a home services provider in heating and air conditioning services in eastern Alabama and western Georgia. Holding true to their values of exceptional customer service, installation, and energy-saving maintenance, Energy Savers has serviced thousands of residential and light commercial customers for their home services needs. Energy Savers was founded in 1977 and is based in Columbus, Georgia.

Buy -