Scroll Top

NEWS

HIDDEN HARBOR CAPITAL PARTNERS ACQUIRES AIR CONDITIONING SPECIALIST, INC. IN SEVENTH PLATFORM ACQUISITION

Boca Raton, Florida, September 8, 2021 – Hidden Harbor Capital Partners (“Hidden Harbor”), an operationally focused private equity firm specializing in control investments in lower middle market companies, is pleased to announce the acquisition of Air Conditioning Specialist, Inc., (“ACS”), a leading Heating, Ventilation, & Air Conditioning (“HVAC”) service provider focused on residential and commercial customers in the southeastern United States.

Based in Milledgeville and Covington, Georgia and founded in 1967, ACS provides a differentiated value proposition to customers through its expertise and reliability in HVAC services. ACS provides highly responsive preventative maintenance, service, and repair work for thousands of residential and commercial customers across Georgia and has broad capabilities in retrofit and rehab HVAC installations, with a particular focus on the education and healthcare segments.

“ACS, in its nearly 55-year operating history, has established itself as a trusted provider of HVAC services in Georgia, recognized for its exceptional quality, around-the-clock availability, dedicated employees, and customer service,” said Russell Kreutter, a Vice President at Hidden Harbor.

“We look forward to supporting the exciting growth of ACS in partnership with its talented management team while continuing to provide superior service and products to existing customers,” added Chris Paldino, a Managing Partner at Hidden Harbor.

“The ACS team is thrilled to partner with Hidden Harbor,” said Pat Hayes, CEO of ACS. “Working together with the Hidden Harbor team will allow us to strengthen our capabilities for our current customers and expand our service offering into more cities across Georgia and the southeastern United States. At ACS, service is the lifeblood of our organization, and we remain highly committed to our existing customers and suppliers.”

Hidden Harbor’s acquisition of ACS closed on August 31st, 2021. Terms of the transaction were not disclosed.

About Air Conditioning Specialist, Inc.
Air Conditioning Specialist, Inc. is a regional leader in the Heating, Ventilation, & Air Conditioning (“HVAC”) industry focused on the residential and commercial sectors in Georgia. ACS customers have the advantage of dealing with highly trained and specialized staff that provide complete HVAC sales, engineering, installation, and service. Founded over 50 years ago, we provide 100% satisfaction guarantee and offer emergency services, same-day appointments, two-hour response times, and dedicated call center. For more information, visit https://www.theairconditioningspecialist.com/.

About Hidden Harbor Capital Partners
Hidden Harbor Capital Partners is a private equity firm which helps create business success stories by building teams focused on execution. We believe that great companies are built on a strong group of people as their foundation, and that businesses succeed when they are intensely focused on executing a small set of well-defined objectives. Hidden Harbor currently manages over $700 million of equity capital and is investing out of its second fund, a $450 million vehicle. To learn more, visit www.hh-cp.com and our page on LinkedIn.

###

Media Contact
Julia Bennett: (904) 534-4468 / jbennett@hh-cp.com