ACS, A PORTFOLIO COMPANY OF HIDDEN HARBOR CAPITAL PARTNERS, MAKES INVESTMENT IN SERVICE AIR EASTERN SHORE

Covington, Georgia, November  16, 2023 – Air Conditioning Specialist, Inc., (“ACS”), a Hidden Harbor Capital Partners (“HHCP”) portfolio company that provides Heating, Ventilation, & Air Conditioning (“HVAC”) and plumbing services, today announced its acquisition of Service Air Eastern Shore (“Service Air”).

Headquartered in Silverhill, AL and serving Baldwin and Mobile counties, AL and the Florida Panhandle, Service Air has been providing residential HVAC services to customers since 2000. Service Air has an exceptional revenue mix and is located in the 7th fastest growing county in the United States.

“We are very excited about the partnership with Service Air. The geography, capabilities, and service mix make Service Air an ideal fit with ACS and we look forward to growing Service Air’s presence across southwest Alabama and the Florida Panhandle. Glenn and the Service Air team have built a strong business and we are excited to work together to pursue future growth,“ said Pat Hayes, President of ACS.

Glenn Geddes of Service Air said, “It was very important to us to choose a partner who shares our core values. By partnering with ACS, we believe that we will be able to deliver even more value to customers and create new opportunities for our employees.”

Kilpatrick Townsend & Stockton served as legal advisor to HHCP. Capital Southwest and funds managed by First Eagle Alternative Credit provided financing for the transaction. Clew Partners originated the transaction and served as buy-side advisor to HHCP. William T. McGowin, IV of the Kullman Firm served as legal advisor to Service Air.

About Air Conditioning Specialist, Inc.

Air Conditioning Specialist, Inc. is a Heating, Ventilation, & Air Conditioning (“HVAC”) and Plumbing 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 and plumbing 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 $800 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.

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Media Contact

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