Deal closed Jun 2023
Team Air CEO retains equity; multiple investors back Kian deal
Team Air president/CEO Jeff Wallace continues to lead and keeps an equity stake alongside Kian, with additional investment partners Barings, Everside Capital Partners, LNC Partners, and MSouth Capital supporting the transaction.
“Wallace will continue to lead Team Air and will maintain an equity stake alongside Kian. Other investment partners supporting the transaction include Barings, Everside Capital Partners, LNC Partners, and MSouth Capital.”
Entities
MSouth Equity Partners · Lender Barings · Lender Everside Capital Partners · Lender Kian Capital Partners · Sponsor LNC Partners · Lender Team Air Distributing · Target
HVAC
Signals are extracted from public coverage and print archives and pinned to a verbatim quote, presented as reported by their sources; naming a company in a signal is not an accusation against it. The verified mark denotes a high-confidence, corroborated signal. See our methodology and legal notes.