Deal Details
GI Partners Makes Majority Investment in ARS
Summary
GI Partners Acquisitions LLC (GI Partners) has made a majority investment in American Residential Services (“ARS” or the “Company”), a portfolio company of Charlesbank Capital Partners (”Charlesbank”). Terms of the transaction were not disclosed.
Baird served as financial advisor to GI Partners on this transaction.
About
Founded in 2001, GI Partners is a private investment firm that has raised over $23 billion in capital from leading institutional investors around the world to invest in private equity, real estate and data infrastructure strategies. The private equity team invests primarily in companies in the Healthcare, IT Infrastructure, Services and Software sectors. The real estate team invests across a broad range of platforms and strategies. The data infrastructure team invests primarily in hard asset infrastructure businesses underpinning the digital economy. GI Partners is headquartered in San Francisco, California.As an Exceptional Service Provider, ARS serves both residential and light commercial customers by providing heating, cooling, indoor air quality, plumbing, drain cleaning, sewer line, radiant barrier, insulation and ventilation services. The ARS Network features industry-leading brands including, A.J. Perri, Aksarben ARS, Allgood, Andy’s Statewide, ARS, Aspen Air Conditioning, Atlas Trillo, Beutler, Blue Dot, Brothers, Columbus Worthington Air, Comfort Heating & Air, Conway Services, Efficient Attic Systems (EAS), Florida Home Air Conditioning, Green Star Home Services, McCarthy Services, Proserv, Rescue Rooter, RightTime Home Services, RS Andrews, The Irish Plumber, Unique Services, "Will" Fix It, and Yes! Air Conditioning and Plumbing. ARS is headquartered in Memphis, Tennessee.
Charlesbanks is a middle-market private investment firm managing more than $7 billion of capital. Charlesbank focuses on management-led buyouts and growth capital financings and engages in opportunistic credit and technology investments. The firm seeks to build companies with sustainable competitive advantage and excellent prospects for growth. Charlesbank is headquartered in Boston, Massachusetts.
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- Date
- October 2020
- Company
- GI Partners Acquisitions LLC
- Transaction
- M&A - Buyside
- Sectors
- Technology & Services
- Verticals
-
Facility, Industrial, Residential & Environmental Services
- Target Geography
- North America
- Acquiror Geography
- North America
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