Temp-Con is the premier provider of heating, ventilation, air conditioning and refrigeration (“HVACR”) installations, maintenance and repair services in the greater Kansas City market. Temp-Con has been a fixture in the marketplace for over 30 years and ranks as the largest non-union provider of HVACR installations, maintenance and repair services. The Company maintains differentiation through expertise in complex, energy-efficient HVACR systems and high-touch service. End-market users of Temp-Con’s services operate in a diverse set of industries, including government, healthcare, restaurants and commercial buildings.Transaction:
Completed in early 2018, the transaction provided existing ownership with the ability to retain meaningful equity post-close, while also providing Temp-Con with the necessary capital and resources to execute on its growth objectives.
Temp-Con’s value proposition stems from a reputation of employing experienced technical managers, which results in industry leading work quality. Expertise in the installation and service of complex, energy-efficient systems, such as VRF systems, differentiates the Company from its competitors. We believe the Company’s size and position within the marketplace will allow for strong organic and inorganic growth during our investment horizon.
Caymus Equity has worked with management to establish a growth plan with milestones meant to hold all parties accountable. Immediately following close, we quickly professionalized the business, hiring a veteran CFO, implemented a new industry-leading ERP system and established a more formalized bidding process resulting in both increased margins and visibility into financial performance. Key organic priorities for the Company include growing Temp-Con’s service business while also expanding into complementary adjacent verticals. Given Temp-Con’s position as a leader within a highly fragmented market, priority has also been placed on an aggressive acquisition strategy. The Company recently completed the acquisition of a competitor in an adjacent geography, furthering Temp-Con’s geographic coverage and enabling expansion into higher margin service work in a number of new verticals.
Securities Offered through Caymus Securities LLC, Member FINRA/SIPC
One Paces West
2727 Paces Ferry
Road SE, Suite 1650
Atlanta, GA 30339
T (404) 995-8300
641 Lexington Avenue
New York, NY 10022
T (212) 755-3600