November, 30 2014
Sterling Investment Partners' Portfolio Company Service Logic Acquires Airtight Mechanical, Inc.
Sterling Investment Partners ("Sterling"), a private equity firm that has been investing in and building middle-market companies for over 23 years, announces that its portfolio company, Service Logic, acquired Airtight Mechanical, Inc. (“Airtight” or the “Company”). Airtight is a mechanical specialty service company that provides integrated energy efficiency services for HVAC systems and building automation/control systems. The Company provides engineering and consultation services to support its replacement and upgrade services.
Headquartered in Denver, Colorado, Service Logic (www.servicelogic.com) is a provider of mission-critical services for HVAC systems, chilled water systems and building automation and controls to commercial, industrial and institutional clients. Through its 1,400 dedicated employees, the Company provides a comprehensive suite of solutions to improve the energy efficiency and sustainability of its clients’ facilities.
Sterling Investment Partners
Sterling Investment Partners is a private equity firm with a highly experienced, cohesive team of senior investment professionals. Sterling acquires businesses that the firm believes have strong, sustainable competitive advantages and significant opportunities for value creation. Sterling has over $1.25 billion in initial fund commitments. Over its history, Sterling has completed platform investments, strategic or add-on acquisitions, recapitalizations and liquidity events with an aggregate transaction value of over $10.5 billion, representing more than 100 transactions. Key industries Sterling focuses on include business services, industrial and consumer value-added distribution, niche manufacturing, and transportation and logistics. www.sterlinglp.com