Nashville-based Concentric Equity Partners (CEP), the investment arm of Financial Investments Corporation has announced the recapitalization of Huntsville’s Conditioned Air Solutions by their newly formed HVAC and plumbing consolidation platform, Leap Partners Holdings, LLC.
Founded by Keith Lowe in 2004 and led by company president, Paul Snowden, Conditioned Air Solutions employs more than 70 people and has become a major residential and small-commercial heating, ventilation and air conditioning (HVAC) services provider in North Alabama.
As the first acquisition under the newly formed Leap Partners, CEP provided Conditioned Air with controlling equity for the transaction. They and Leap Partners are partnering directly with Lowe and Snowden to leverage the company’s established brand name and reputation so they can continue to grow throughout North Alabama.
“Finding partners like CEP and Leap Partners who share Conditioned Air’s commitment to serving our customers and employees as well as our vision for the future was crucial for me in this process,” said Lowe. “I am excited to work together with both firms as we embark on a long-term growth plan to carry on the legacy of Conditioned Air.”
John Cerasuolo, CEO of Leap Partners, said the two companies have shared values in their prioritization of people.
“We both believe that our business success will be defined by how well we serve the technician community and focus our efforts on recruiting, training, and retaining our technicians,” said Cerasuolo. “This is a long-term journey, and we could not be more excited to have a partner like Conditioned Air.”
CEP and Leap Partners continue to pursue add-on acquisitions in the HVAC and plumbing space throughout the Southeast and are actively seeking to partner with HVAC and plumbing businesses primarily in Tennessee, Alabama and Kentucky.
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