Service Experts Heating & Air Conditioning, Dallas, TX, has been acquired by American Capital, a publicly traded private equity firm and global asset manager.
"American Capital's complete financing package and operational support make them an ideal owner for Service Experts," says Scott J. Boxer, newly appointed President and CEO of Service Experts. "We look forward to a strong relationship with American Capital as we continue to service and grow our large national customer base, expand our product offering and grow revenue both organically and through add-on acquisitions."
Sources say Boxer is an internationally recognized leader in the HVAC industry, with 30-years of experience successfully leading businesses through transformations and growth initiatives. He had previously served as president and chief operating officer of Service Experts from 2003 to 2010.
"The investment in Service Experts represents a solid opportunity to partner with an industry veteran to strengthen a company with a large installed infrastructure ready for growth," says Myung Yi, American Capital managing director, special situations group. "He has assembled a highly talented management team with tremendous industry expertise that will be focused on driving value creation."
According to Boxer, the company plans to continue to improve and expand the professional services and products we offer our customers.
"We already have in place the operational and marketing skills and comprehensive business planning expertise we need to substantially grow the company and maintain its leadership in providing sales, installation, maintenance and repair of HVAC systems for the residential and light commercial markets," Boxer says.
Service Experts operates 108 locations and services more than 2,100 homes and businesses each day with heating and air conditioning repair, indoor air quality, and HVAC system sales and installation. Find Service Experts Heating & Air Conditioning at ServiceExperts.com.