Capitala Group Announces Recapitalization of United Air Temp
29 Aprile 2021 - 2:45PM
Capitala Group (“Capitala”), a leading provider of capital to lower
middle market companies, is pleased to announce the
recapitalization of United Air Temp, Air Conditioning and Heating
LLC (“UAT”), a leading provider of residential heating,
ventilation, and air condition services, in partnership with Summit
Park, Pareto & Company, and the UAT management team.
Headquartered in Lorton, Virginia, UAT provides HVAC maintenance
and replacement services to residential homeowners. UAT has built a
large, loyal customer base through its best-in-class service and
responsiveness, as well as consistent, high-quality work from its
skilled technicians. With 32 locations, its primary operations are
in Washington, D.C. and the surrounding area in Northern Virginia
and Maryland, with additional operations in North Carolina,
Georgia, and Florida.
Managing Director at Capitala Group Adam Richeson states, “We
are proud to be a part of this recapitalization while partnering
with Summit Park, Pareto, and the UAT management team. This sets
UAT up for the next phase of growth and we look forward to being a
part of the Company’s future success.”
About Capitala GroupCapitala Group is an asset
management firm that has been providing capital to lower middle
market companies throughout North America for over twenty years.
Since our inception in 1998, Capitala has invested over $2.0
billion in approximately 170 companies and seeks to partner with
strong management teams to create value and aims to generate
superior risk-adjusted returns for our individual and institutional
investors. For more information, definitions and details visit our
website at www.CapitalaGroup.com.
Contacts:
Steve Arnall CFO | Investor Relations sarnall@capitalagroup.com
Katina Cole JakubowskiMarketing | Communications
kjakubowski@capitalagroup.com
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