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Category >> HVAC MA

Feb 10
2009

Writedowns... Explained

Posted by Clear Rock in Transportation Acquisitions, Printing, Insurance MA, HVAC MA
One can't go an hour or two during this earnings season without hearing about yet another large write-down from a public company. On the private side, though, most smaller companies rarely take write downs- so we thought the concept might bear some explanation:

 

 


Sep 17
2008

WSJ: PE Heads to Smaller Deals

Posted by Dan Doran in VAR - Value Added Reseller Acquisitions, Transportation Acquisitions, Printing, Manufacturing, MA News, HVAC MA

Interesting article in the WSJ deal book this morning - basically confirming what we have been seeing in the market place. In sum: deals are trending downward in size, and the lower-middle market remains surprisingly strong.

The simple reason? Less leverage on deals. Historically these companies have transacted for far lower multiples than their PubCo and much larger cousins. And in an

Apr 29
2008

Carrier Acquires Distributor

Posted by Dan Doran in HVAC MA

Carrier announced that it completed the acquisition of E.B. Ward & Company, a well established distributor of Carrier HVAC products.  E.B. Ward had revenues of approximately $150 million. 

Deal Analysis

Whereas the current trend in the HVAC market is

Apr 29
2008

ARS Acquires 24/7 Service Corp

Posted by Dan Doran in HVAC MA

American Residential Service, LLC, a nationwide HVAC services company, recently acquired 24/7 Service Corp. 24/7 is a Las Vegas based HVAC , plumbing and sheet metal company that serviced the Las Vegas and Phoenix markets.

ARS now has a solid service footprint throughout the southwest U.S.

Deal Analysis

This deal falls squarely in the roll-up strategy backed by Clear Rock.