Vertical Mechanical Group is a full-service HVAC and plumbing contractor that specializes in large-scale commercial projects such as hotels and multi-family residential buildings.
If you do not want to make the necessary investments to remain competitive — or choose to take advantage of the valuations in the current market — this may be an ideal time to sell.
Blackstone and Emerson had jointly announced plans for the spinoff company last year. Emerson, which receives about $9.7 billion in cash in the deal, also retains a 40% ownership stake in Copeland.
Kian Capital Partners has completed the acquisition of Team Air Distributing, a wholesale distributor of OEM-branded HVAC equipment, parts, and supplies.