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Ardian takes majority stake in HVAC specialist Tom Barrow Company

Ardian’s North America Fund team has acquired a majority stake in Tom Barrow Company, a provider of commercial HVAC solutions in the US Southeast. The management team and founding family will continue to own a meaningful minority share of the business.

Ardian’s North America Fund team has acquired a majority stake in Tom Barrow Company, a provider of commercial HVAC solutions in the US Southeast. The management team and founding family will continue to own a meaningful minority share of the business.

Led by CEO Mike Shea, Tom Barrow is a supplier of design-assist engineering and manufacturers’ representation services to the commercial HVAC industry across healthcare, life sciences, education, government, industrial and other commercial end markets. The company delivers solutions ranging from heating, cooling, filtration, indoor air quality, energy efficiency and ventilation. 

Ardian’s North America Fund team specialises in lower middle-market private equity transactions, acquiring industrial and business services companies across a range of sectors.

Financial details of the deal have not been disclosed. 

Truist Securities Inc served as exclusive financial adviser to Tom Barrow, while Configure Partners served as financing adviser to Ardian.

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