M&A Deal Summary

Point 41 Capital Partners and Monroe Capital Acquire Interstate AC Service

On May 9, 2024, private equity firm Point 41 Capital Partners and lender Monroe Capital acquired business services company Interstate AC Service

Acquisition Highlights
  • This is Point 41 Capital Partners’ 3rd and Monroe Capital’s 9th transaction in the Business Services sector.
  • This is Point 41 Capital Partners’ 3rd and Monroe Capital’s 109th transaction in the United States.
  • This is Point 41 Capital Partners’ 3rd and Monroe Capital’s 5th transaction in Tennessee.

M&A Deal Summary

Date 2024-05-09
Target Interstate AC Service
Sector Business Services
Buyer(s) Point 41 Capital Partners
Monroe Capital
Deal Type Buyout (LBO, MBO, MBI)

Target

Interstate AC Service

Nashville, Tennessee, United States
Interstate AC Service is a locally owned and operated full-service heating and air conditioning company serving Nashville-Davidson County and the surrounding counties. Interstate AC Service is based in Nashville, Tennessee.

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Buyer(S) 2

DESCRIPTION


DEAL STATS #
Overall 3 of 5
Sector (Business Services) 3 of 4
Type (Buyout (LBO, MBO, MBI)) 3 of 5
State (Tennessee) 3 of 3
Country (United States) 3 of 5
Year (2024) 3 of 5
PREVIOUS DEAL
DATE TARGET DEAL TYPE VALUE
2024-05-09 Open Source Controls

Nashville, Tennessee, United States

Open Source Controls is a systems integration and full-service controls company dedicated to bringing cutting-edge yet functional technology advantages to building owners and operators. It partners with property owners, property managers, facilities staff, engineering firms, mechanical contractors, school districts, churches, industrial groups, and government entities to offer a broad range of customized solutions to building automation. Open Source Controls is based in Nashville, Tennessee.

Buy -
FOLLOWING DEAL
DATE TARGET DEAL TYPE VALUE
2024-09-12 Georgia Water & Fire Restoration

Cumming, Georgia, United States

Georgia Water & Fire Restoration provides water, fire, storm, and construction recovery for commercial facilities and residential homes in Greater Atlanta. Georgia Water & Fire Restoration was formed in 1989 and is based in Cumming, Georgia.

Buy -
Buyer

Monroe Capital

Chicago, Illinois, United States

Investor Investor Investor Investor Investor


Category Lender
Founded 2004
PE ASSETS 14.1B USD
Size Mega
Type Sector Agnostic
DESCRIPTION

Monroe Capital is a provider of senior and junior debt and equity co-investments to middle-market companies in the US and Canada. Investment types include unitranche financings, cash flow and enterprise value based loans, asset based loans, acquisition facilities, mezzanine debt, second lien or last-out loans and equity co-investments. Monroe Capital is a generalist investor and will consider companies in the healthcare, technology, media, retail, consumer sectors. Monroe Capital was formed in 2004 and is based in Chicago, Illinois.


DEAL STATS #
Overall 110 of 115
Sector (Business Services) 9 of 10
Type (Buyout (LBO, MBO, MBI)) 30 of 33
State (Tennessee) 5 of 6
Country (United States) 109 of 114
Year (2024) 7 of 12
PREVIOUS DEAL
DATE TARGET DEAL TYPE VALUE
2024-05-09 Open Source Controls

Nashville, Tennessee, United States

Open Source Controls is a systems integration and full-service controls company dedicated to bringing cutting-edge yet functional technology advantages to building owners and operators. It partners with property owners, property managers, facilities staff, engineering firms, mechanical contractors, school districts, churches, industrial groups, and government entities to offer a broad range of customized solutions to building automation. Open Source Controls is based in Nashville, Tennessee.

Buy -
FOLLOWING DEAL
DATE TARGET DEAL TYPE VALUE
2024-05-15 Summit Professional Education

Franklin, Tennessee, United States

Summit Professional Education is a provider of in-person and online continuing and professional education (“CPE”) courses for physical therapists and assistants, occupational therapists and assistants, and speech language pathologists. Summit Professional Education was founded in 2004 and is based Franklin, Tennessee.

Buy -