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Add-on acquisition · Closed Jul 2024

Gryphon Investors backs AirX Climate Solutions roll-up platform

Relationship map

Relationship map for Gryphon Investors backs AirX Climate Solutions roll-up platformbacksparent ofGryphon Investors: Pe FirmGryphon InvestorsAirX Climate Solutions: PlatformACAirX Climate SolutionsAboveAir Technologies: Operating CompanyAboveAir Technologies
Operating CompanyPe FirmPlatform

Parties
Acquirer
AirX Climate Solutions
Platform
Target
AboveAir Technologies
Operating Company
Sponsor
Gryphon Investors
Pe Firm

Market signals

Summary

Gryphon Investors, a middle-market PE firm with ~$9 billion AUM, invested in ACS in November 2023; AboveAir founder Matt Miller becomes a shareholder alongside Gryphon as ACS builds out its HVAC specialty brand platform.