M&A Deal Summary

NorthCurrent Partners Acquires Hopkins Air Conditioning

On May 1, 2023, private equity firm NorthCurrent Partners acquired business services company Hopkins Air Conditioning

Acquisition Highlights
  • This is NorthCurrent Partners’ 3rd transaction in the Business Services sector.
  • This is NorthCurrent Partners’ 6th transaction in the United States.
  • This is NorthCurrent Partners’ 1st transaction in California.

M&A Deal Summary
Date 2023-05-01
Target Hopkins Air Conditioning
Sector Business Services
Buyer(s) NorthCurrent Partners
Deal Type Buyout (LBO, MBO, MBI)

Target

Hopkins Air Conditioning

West Palm Beach, California, United States
Hopkins Air Conditioning is a residential HVAC company that provides HVAC sales, maintenance, and installation services to Florida's West Palm Beach area. Hopkins Air Conditioning was founded in 1988 and is based in West Palm Beach, California.

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Buyer(S) 1

Buyer

NorthCurrent Partners

Investor Investor Investor Investor Investor

Category Private Equity Firm
Founded 2019
Size Small
Type Sector Agnostic
DESCRIPTION

NorthCurrent Partners is a private investment firm focused on partnering with lower middle-market service-oriented companies in the MId-Atlantic and Southeast regions of the US. Specific areas of interest include business services, facility services, consumer services, residential services, and niche manufacturing. Target companies are generally profitable with $2 to $10 million of EBITDA. NorthCurrent Partners was formed in 2019 and is based in New York City.

DEAL STATS #
Overall 6 of 6
Sector (Business Services) 3 of 3
Type (Buyout (LBO, MBO, MBI)) 6 of 6
State (California) 1 of 1
Country (United States) 6 of 6
Year (2023) 1 of 1
PREVIOUS DEAL
DATE TARGET DEAL TYPE VALUE
2022-11-01 DGD Garage Doors

Brooksville, Florida, United States

DGD Garage Doors is a residential-focused dealer and installer. DGD provides sales, service, and installation across central Florida. DGD Garage Doors was founded in1998 and is based in Brooksville, Florida.

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