Kratos Capital Announces the Acquisition of ControlAir Systems by Crete Mechanical Group

Both companies seek to expand their HVAC services with this acquisition.

Burlington, MA: Kratos Capital is pleased to announce the acquisition of our client, ControlAir Systems, by Crete Mechanical Group, a portfolio company of Ridgemont Equity Partners. The acquisition deal was completed on September 1, 2022.

ControlAir Systems has a family-owned company that has served the Burlington, MA, area for over 50 years. They provide HVAC sales, designs, and repairs, as well as piping and controls installation. Their services are next to none, and their customer service unparalleled. They believe deeply in the value of teamwork, and their success over the past fifty years is a testament to their high standards of service.

Crete Mechanical Group is a portfolio company of Ridgemont Equity Partners. Based in Tampa, FL, Crete Mechanical Group is a nationwide mechanical service platform for HVAC, electrical, plumbing, and building automation services. They partner with various mechanical service businesses across the country, providing them with the support they need to best service their customers.

At Kratos Capital, we are confident that this partnership between ControlAir Systems and Crete Mechanical Group will benefit both companies. With Crete Mechanical Group’s support, ControlAir Systems will be able to continue their steady growth that has occurred over the past 50 years.

About Kratos Capital: Kratos Capital is a privately held mergers and acquisitions advisory firm. They help develop and manage various liquidity solutions that are unique to each individual client. Their services produce several attractive initial offers, and most of their clients close a deal at or above the upper end of our initial valuation range.

For more information on Kratos Capital, visit the https://www.kratoscapital.com or Completed Transactions. For press inquiries regarding the acquisition, please call 972-843-7500 or email info@kratoscap.com.