Littlejohn & Co. Acquires United Air Temp, Air Conditioning and Heating

By: Littlejohn & Co., LLC via Business Wire

April 01, 2024 at 08:00 AM EDT

Littlejohn & Co., LLC (“Littlejohn”), a private investment firm based in Greenwich, CT, announced that it has acquired United Air Temp, Air Conditioning and Heating (“UAT”), a leading provider of HVAC and plumbing services to residential homeowners in the Mid-Atlantic and Southeastern U.S. As part of the transaction, UAT’s senior management team, led by CEO Michael Giordano, will remain significant investors in the company. Terms of the transaction were not disclosed.

Founded in 1931 and headquartered in Lorton, VA, UAT provides heating and cooling system installation, repair, and maintenance services, indoor air quality, and plumbing services to homeowners across Washington D.C., Maryland, Virginia, North Carolina, and Florida. Over the last three years, the Company has expanded its footprint through a disciplined and deliberate acquisition strategy, assembling an attractive portfolio of long-tenured brands with strong reputations in their respective markets. With a legacy dating back nearly 100 years, UAT is supported by an exceptional base of over 850 employees.

Will McDavid, Principal at Littlejohn, said, “We are thrilled to partner with United Air Temp and its dedicated team as they continue to build a market-leading home services platform through a relentless focus on customer service, expanding long-term customer relationships, and attracting and retaining top-tier technicians. We will leverage our deep experience investing in leading service businesses to help UAT execute on their growth plans, both organically and through strategic M&A.”

Michael Giordano, CEO of United Air Temp, added, “Littlejohn has built a strong track record of supporting and scaling businesses in the facility and residential services sector, and I am confident they will be a great partner to UAT at this exciting time in our evolution. We look forward to working with Littlejohn’s robust portfolio support resources to accelerate our growth while continuing to provide outstanding service for our customers.”

Citizens M&A Advisory served as the exclusive financial advisor to UAT on the transaction. Troutman Pepper acted as legal counsel to Littlejohn in connection with the acquisition.

About Littlejohn & Co., LLC

Littlejohn & Co. is a Greenwich, Connecticut-based investment firm focused on private equity and debt investments in middle-market companies. With approximately $8.0 billion of regulatory assets under management, the firm seeks to build sustainable success for its portfolio companies through a disciplined approach to engineering change. For more information about Littlejohn, visit www.littlejohnllc.com.

About United Air Temp, Air Conditioning and Heating

United Air Temp, Air Conditioning and Heating is a leading provider of residential heating, ventilation, and air conditioning services. Headquartered in Lorton, Virginia, UAT provides HVAC maintenance and replacement services to residential homeowners in the Washington D.C. metropolitan area, Virginia, North Carolina, and Florida. 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. For more information, visit www.unitedairtemp.com.