Caltius Equity Partners Invests in Air Conditioning Innovative Solutions

Recapitalization will fund organic growth and acquisitions for facility services provider

LOS ANGELES--()--Caltius Equity Partners (“Caltius Equity”) is pleased to announce it has made a significant investment in Air Conditioning Innovative Solutions (“ACIS” or the “Company”), a founder-owned provider of commercial HVAC and plumbing maintenance and repair services in Texas. The transaction marks the first time ACIS has partnered with an institutional investor, a significant milestone for the Company.

Founded in 2002, ACIS has evolved from a small service-and-repair company to become the leading provider of HVAC and plumbing maintenance services in the Dallas / Fort Worth metroplex. It is a trusted outsourced partner for its customers, providing preventative maintenance, on-call services and scheduled repairs. ACIS’s customer-centric operating model and strong employee culture drive superior levels of service for its commercial and industrial customers.

“We are thrilled to have Caltius Equity as our financial partner,” commented Mike Nichols, president and co-founder of ACIS. “Their deep knowledge of the facility services industry and experience helping entrepreneurs grow their businesses is an ideal combination as we move to the next phase of growth at ACIS.”

“ACIS is a terrific fit for our investment thesis of partnering with exceptional operators with strong platforms to consolidate the fragmented facility services industry,” said Michael Morgan, co-founder and managing director of Caltius Equity. “The Company is well-positioned to expand its market share in existing and new geographies based on its strong technical expertise, longstanding customer relationships and first-class customer service.”

Justin Benshoof, principal of Caltius Equity, added, “We are confident that the combination of our capital and industry experience will help Mike and the rest of the management team achieve their growth goals, both organically and through acquisitions. We are really excited about this opportunity to be part of ACIS’s continued success.”

ACIS was represented by Bulkley Capital, L.P. To learn more about ACIS, please visit www.acisinc.com.

About Caltius Equity Partners

Caltius Equity, founded in 1999, buys and builds lower middle market companies in the business services, industrial services, IT and managed services and consumer services industries. The Los Angeles-based firm invests from $10 million to $30 million per transaction for controlling or substantial minority ownership positions in businesses generating EBITDA from $4 million to $12 million. Caltius Equity’s creative and flexible solutions facilitate management buyouts, recapitalizations and corporate growth. The firm’s experienced team develops deep relationships with its portfolio companies’ management, helping them grow the businesses and optimize liquidity events. www.caltiusequity.com

Contacts

Michael Morgan
Caltius Equity Partners
mmorgan@caltius.com
310-996-9593

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Contacts

Michael Morgan
Caltius Equity Partners
mmorgan@caltius.com
310-996-9593