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Deal closed Dec 2025 · North America Verified

Bain Capital and Mubadala recapitalize Service Logic

Service Logic, the largest privately held commercial HVAC company in North America, completed a recapitalization with Bain Capital and Mubadala, valuing the platform at over $1 billion.

“Service Logic, the largest privately held commercial HVAC and mechanical services company in North America, recapitalized with Bain Capital and Mubadala. The platform services more than a billion square feet of commercial space.”

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HVAC Sentiment: Neutral

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