About the Transaction
Kennedy Mechanical (“Kennedy”) (www.kennedymechanicalinc.com) is a family-owned, multi-faceted mechanical contractor specializing in HVAC, plumbing, and fire protection installation and service for commercial and residential customers. Founded in 1979, Kennedy has built a reputation for exceptional quality and world class service. Kennedy prides itself in valuing safety, respect, and integrity.
Ryan Plumbing & Heating (“Ryan”) (www.ryanservice.com) is a provider of HVAC, plumbing, and fire protection service and maintenance to commercial and residential customers. Ryan was founded in 1999 by common ownership of Kennedy to focus on service and maintenance.
Together, Ryan and Kennedy serve a diverse customer base, including general contractors, medical centers, manufacturing, industrial, warehouses, grocery, higher education, multi-family residential, retail centers, automotive dealerships, and hotels.
The buyer, CHVAC Services Holdings, LLC, d/b/a NexCore (“NexCore”) (www.nxcus.com), is a commercial heating, ventilation, HVAC, and facility services platform focused on maintenance, repair, replacement and service work for its clients. Alongside its core HVAC capabilities, NexCore also offers electrical, plumbing, construction, and building automation services to its customers, providing a single-source solution for facility maintenance and repair needs.
NexCore is owned by Trinity Hunt Partners (www.trinityhunt.com), a private equity firm focused on fostering growth and specializing within the business, healthcare, and consumer services sectors. NexCore serves as the initial partnership of Trinity Hunt’s commercial HVAC services platform.
Paramax served as the exclusive M&A advisor to Kennedy Mechanical on this transaction.
