CAI Capital exits HVAC firm CustomAir to Service Logic after eight years
What's the deal? CAI Capital has sold heating, ventilation, and air conditioning (HVAC) provider CustomAir to Service Logic Holdings Canada. The exit ends CAI's eight-year hold on the company.
What's the endgame? During its ownership, CAI closed five add-on deals for CustomAir. Those acquisitions expanded the company's geographic footprint and broadened its service offerings.
The signal: The sale to Service Logic points to continued consolidation across the HVAC services market, as larger platforms absorb regional players built up through buy-and-build strategies.
Read more: pehub.com
Image credit: SuperTech HVAC Services
