DALLAS–(BUSINESS WIRE)–Generational Equity, a leading mergers and acquisitions advisor for privately held businesses, is pleased to announce the sale of its client Artic Air to Lunchpail Service Partners. The acquisition closed November 8, 2023.
Artic Air, located in Palatka, Florida, is a fourth-generation family-owned HVAC business in Northeast Florida. Artic Air primarily performs residential replacements, light commercial replacements, and preventative maintenance. Artic Air has decades of experience installing, repairing, and maintaining all brands, makes and models of HVAC equipment. The Company’s licensed and certified technicians have expertise with a broad range of projects from simple maintenance to complex installations.
Located in Jacksonville, Florida, Lunchpail Service Partners (LSP) invests and partners with management to transform small blue collar trades businesses into market leading professional organizations. LSP is committed to putting community, team members, and exceptional service first to create a business that is a win-win for employees, customers, and owners.
LSP is comprised of owner operators with a passion for trades businesses; a proven track record of transforming trades businesses while also focusing on community and team members. LSP is different because they are operators, not aggregators; providing permanent, in-place family capital and a shared services model to transform small contractors into professional organizations.
The firm provides a shared service platform for marketing, HR & benefits, software, system & processes, finance, and purchasing power. This allows the partner to focus on providing services to our clients while LSP supports these other functions.
Generational Equity Executive Managing Director, M&A-Technology Practice Leader, David Fergusson, Generational Group Authorized Affiliate, Nick Arnheim, with the support of Vice President, M&A, Emil Nirkis successfully closed the transaction. Executive Managing Director – North America, Edward G. Weber established the initial relationship with Artic Air.
About Generational Equity
Generational Equity, Generational Capital Markets (member FINRA/SIPC), Generational Wealth Advisors, Generational Consulting Group, and DealForce are part of the Generational Group, which is headquartered in Dallas and is one of the leading M&A advisory firms in North America.
With more than 350 professionals located throughout 16 offices in North America, the companies help business owners release the wealth of their business by providing growth consulting, merger, acquisition, and wealth management services. The Generational suite of advisory services includes strategic growth consulting, exit planning education, business valuation, value enhancement strategies, M&A services, digital services, and wealth management.
