Summit Park is pleased to announce the sale of its portfolio company, United Air Temp, Air Conditioning and Heating (“United” or the “Company”), to Littlejohn & Co., LLC (“Littlejohn”). Headquartered in Lorton, Virginia, United is a leading provider of heating, ventilation and air conditioning (“HVAC”) and plumbing maintenance, repair, and installation services to residential homeowners in the Mid-Atlantic and Southeastern U.S.

Summit Park led a recapitalization of United in January 2021 along with Capitala Group and Pareto & Company. Following the recapitalization, United nearly quadrupled revenue and EBITDA through a combination of organic growth and targeted M&A, expanding its business through acquisitions in Virginia, North Carolina and Florida. “We were thrilled to support Mike Giordano, United’s Chief Executive Officer, and the Company’s employees through a period of transformative growth. Through their efforts, the Company opened new branch locations, invested in more robust digital marketing capabilities, and expanded the Company’s plumbing business – in addition to the successful integration of seven acquisitions,” said Stephen Stites, a Vice President at Summit Park.

Bob Calton, Co-Managing Partner at Summit Park added, “We enjoyed our partnership with Mike and the entire United team and thank them for their hard work and commitment to the execution of our shared vision of building a leading, super-regional HVAC and plumbing platform. We look forward to following their continued success.”

Mike Giordano commented, “We are thankful for our strong partnership with Summit Park and our other investors, and their engagement and support was critical to the acceleration of United’s growth trajectory. As a result of this partnership, we were able to make key investments in the infrastructure of our business, expand our service offerings, and grow our geographic footprint significantly through M&A, partnering with some of the best HVAC operators in the industry along the way. We are excited for our next chapter and look forward to building on the strong foundation that is in place.”

The transaction marks Summit Park’s second exit from its third fund, Summit Park III. Citizens M&A Advisory served as financial advisor and K&L Gates LLP served as legal advisor to United and Summit Park.

About United Air Temp, Air Conditioning, and Heating

United is a leading provider of residential HVAC services in the Mid-Atlantic and Southeastern regions of the U.S. Headquartered in Lorton, Virginia, United has over 850 employees and in 2023 provided HVAC maintenance and replacement services to over 90,000 residential homeowners in Florida, Georgia, Maryland, North Carolina and Virginia through over 45 branch locations. For more information on the Company, visit www.unitedairtemp.com.