DescriptionADD ON / Commercial HVAC & Refrig. / Northern New England / ~$9MM Rev
Business Description
A full-service commercial HVAC and refrigeration company serving customers across northern New England, in operation for more than 50 years. The business provides commercial refrigeration, air conditioning, heating, ventilation, and electrical services, with field technicians cross-trained to service both rooftop HVAC and refrigeration equipment on a single call — a dual-trade capability uncommon among Northeast contractors that positions the Company as a single-source provider for multi-site chains.
Under current ownership since 2008, the business has grown from three service vans into a 32-employee, ~25-vehicle regional platform operating from a new, purpose-built 9,680 sq ft headquarters. It runs across three complementary segments — a flagship commercial HVAC and refrigeration operation, a home-dispatched mechanical division serving an adjacent state with no facility overhead, and a dedicated residential division that keeps commercial dispatch unencumbered.
The Company generated $8.8M of revenue in the twelve months ended May 2026, up from $7.6M in the prior fiscal year, supported by a recurring base of preventive-maintenance agreements (three visits per year) and a dual HVAC/refrigeration service model that few Northeast competitors can match.
LTM Revenue: $8.8M (twelve months ended May 2026)
LTM Adjusted EBITDA: $1.1M
Adjusted EBITDA Margin: 12.3%
LTM Gross Margin: 30.1%
Revenue Growth: Up ~15% vs. prior fiscal year ($7.9M FY2023 → $8.8M LTM)
Years in Operation: 50+ (founded 1971)
Employees: 32
Service Fleet: ~25 vehicles / ~21 field technicians
Revenue per Technician: ~$415K
Commercial Revenue Mix: 92.9%
Recurring Base: Active preventive-maintenance agreements anchoring ~40% of revenue
Facility: Purpose-built 9,680 sq ft office & warehouse
Credit Standing: A+ BBB rating
Coverage: 24/7 emergency service across a four-state territory