June 30, 2014
Sterling Investment Partners' Portfolio Company Service Logic Acquires Commercial Mechanical Systems
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 Commercial Mechanical Systems (“CMS”). CMS provides heating, ventilation and air conditioning, and mechanical and controls services to universities, medical centers and commercial and industrial facilities located in the Raleigh, North Carolina market.
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 $1.0 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 $10.4 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