Capitala Group (“Capitala”), a provider of capital to lower middle market companies, is pleased to announce the successful exit of United Air Temp, LLC (“UAT” or the “Company”).Headquartered in Lorton, VA, UAT is a leading provider of residential heating, ventilations, and air conditioning (“HVAC”), and plumbing installations, maintenance, and repair services to residential homeowners in the Mid-Atlantic and Southeastern U.S.
Capitala originated this opportunity in early 2021 and our flexible capital mandate allowed us to provide a $11.5 million equity investment to UAT to assist with the consolidation of HVAC service providers in the Southeast. Following the recapitalization, the Company quadrupled revenue through a combination of organic growth and targeted M&A, expanding its business through acquisitions in Virginia, North Carolina, and Florida.
“We enjoyed working with the entire UAT Team during this robust period of growth over the past few years,” stated Joe Alala, III, Founder and CEO of Capitala Group. “It’s been inspiring to witness their dedication and achievements and we wish them continued success on their upward trajectory.”
Capitala made the investment out of Fund IV alongside Summit Park and Pareto & Company.
About Capitala Group
Capitala Group is an asset management firm that has been providing private credit and private equity capital to lower- and middle-market businesses throughout North America for over twenty-five years. Since our inception in 1998, Capitala has invested over $2.2 billion into small businesses utilizing our flexible capital mandate which provides creative financing solutions to companies. We seek to partner with strong management teams to create value and support growth through strategic partnerships, operational expertise, and a shared vision for success.
Press Contact:
Katina Cole Jakubowski
Director of Marketing
kjakubowski@capitalagroup.com