Consolidation • Distribution

Prospect Partners Acquires Central States HVAC Solutions

On November 1, 2022, private equity firm Prospect Partners acquired distribution company Central States HVAC Solutions

Acquisition Context
  • This is Prospect Partners’ 3rd transaction in the Distribution sector.
  • This is Prospect Partners’ 54th transaction in the United States.
  • This is Prospect Partners’ 2nd transaction in Michigan.

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M&A Deal Summary

Date November 1, 2022
Target Central States HVAC Solutions
Sector Distribution
Buyer(s) Prospect Partners
Deal Type Consolidation

Target Company

Central States HVAC Solutions

Ferndale, Michigan, United States
Central States HVAC Solutions is an HVAC distribution and services platform focused on providing commercial customers with top quality, turnkey products and services. Central States HVAC Solutions is based in Ferndale, Michigan.
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Buyer Overview 1

Buyer

Prospect Partners

Chicago, Illinois, United States

Investor Investor Investor Investor Investor


Category Private Equity Firm
Founded 1998
PE ASSETS 470M USD
Size Middle-Market
Type Sector Agnostic
DESCRIPTION

Prospect Partners, LLC is a lower middle-market private equity firm that focuses on management buyouts and recapitalization of small companies. Prospect looks to invest $2 to $30 million of equity capital in companies with revenues of $15 to $100 million and EBITDA up to $10 million. The Firm targets opportunities in a variety of sectors spanning many sub-sectors of manufacturing, specialty distribution, and service. Transactions of interest include leverage recapitalizations, industry consolidations, corporate orphans, generational sales, under-managed companies, and backing independent equity sponsors. Prospect Partners was formed in 1998 and is based in Chicago, Illinois.


Deal Context for Buyer #
Overall 54 of 58
Sector: Distribution 3 of 3
Type: Consolidation 3 of 3
State: Michigan 2 of 2
Country: United States 54 of 58
Year: 2022 2 of 3
PREVIOUS DEAL
DATE TARGET DEAL TYPE VALUE
2022-06-15 Blackwood Solutions

Bloomington, Indiana, United States

Blackwood Solutions is a top-tier transportation and recycling company that specializes in providing safe and practical solutions. The company range of services includes new pole hauling, wood recycling for treated and untreated products, concrete recycling, inventory management yards, and storm response solutions. Blackwood Solutions was founded in 2016 and is based in Bloomington, Indiana.

Buy -
FOLLOWING DEAL
DATE TARGET DEAL TYPE VALUE
2022-11-17 Entech

Fort Myers, Florida, United States

Entech is a managed technology and cybersecurity services provider offering a full suite of IT solutions to small and medium-sized companies in the Southwest Florida region. The company’s technology solutions deliver best-in-class customer service, rapid response times, and advanced security protection to customers in a diverse array of industries and verticals where IT reliability and security are mission-critical. Entech is headquartered in Fort Myers, Florida.

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