Washington, DC, (September 4, 2018) – FOCUS Investment Banking, a national middle market investment banking firm providing merger, acquisition, divestiture, and corporate finance services, announced today that Noyes Air Conditioning has been acquired by Service Logic. FOCUS represented Noyes Air Conditioning in this transaction.
Noyes is a commercial HVAC contractor providing upgrade, retrofit, repair and maintenance services in the Baltimore-Washington, DC metropolitan area. Chuck Noyes, President and Founder of Noyes Air Conditioning commented, “This transaction provides a great long-term growth opportunity for our employees as they continue to run the business as part of a larger organization. The expertise and guidance FOCUS provided throughout the sale process was instrumental to closing the deal.”
April Taylor, FOCUS Managing Director added, “This transaction is evidence of the consolidation trend in the commercial HVAC services industry in the U.S. as business owners plan for retirement.”
Doug Rodgers, FOCUS CEO said, “Buyer interest in businesses with loyal customer bases that generate repeat business remains strong. This deal is another example of this formula.”
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About FOCUS Investment Banking LLC
With more than three decades of experience, FOCUS Investment Banking is a trusted name in M&A advisory services worldwide. FOCUS works to understand each client’s strategic and financial objectives, craft the best plan to achieve these goals, and deliver success. Whether helping to sell, buy, or raise capital, FOCUS strives to maximize the value of every transaction to the benefit of its clients. Securities transactions conducted by FOCUS Securities LLC, an affiliated company, registered Broker Dealer member FINRA/SIPC. For more information on FOCUS, please visit www.focusbankers.com.