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 nearly 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.
Shortly after the close of the transaction, Caymus Equity worked with management to establish a short-term and long-term growth plan with milestones meant to hold all parties accountable. Key organic priorities for the Company included growing the service business and expanding into adjacent high margin offerings that complemented the Company’s existing work. Given Temp-Con’s position as a leader within a highly fragmented market, priority was also placed on an aggressive roll-up strategy to acquire other commercial HVACR businesses.
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