AIR Technologies has been acquired by Fidelity Building Services Group (Fidelity BSG), a national leader in HVAC/Mechanical Services, Building Automation & Controls and Emergency Power Generators.
Based in Oklahoma City, AIR Technologies has been providing Mechanical/HVAC services to commercial and industrial buildings since 1976. Using leading edge technology, it specializes in a wide range of Mechanical/HVAC services, including engineered retrofits, planned maintenance and repairs, sheet metal fabrication, process and natural gas piping, and building management systems, among others.
Over the last four decades, AIR Technologies has enhanced its service line offerings to meet evolving industry needs, including energy conservation, indoor air quality, and building automation systems. Today, the mechanical expert focuses on commercial, industrial, and governmental projects. For eight years, AIR Technologies has been named part of “The Metro 50” by the Greater Oklahoma City Chamber of Commerce.
“The Fidelity BSG Team is very excited to welcome AIR Technologies to our growing portfolio of companies,” says Dave Lanphar, CEO of Fidelity BSG. “Its commitment to service excellence, technical capabilities and a strong team culture makes them a natural fit for Fidelity BSG. I enthusiastically welcome all of the new Team Members.”
AIR Technologies is the 13th organization to join the Fidelity BSG portfolio and is the first in the Oklahoma region to become part of the national brand.
When the owners of AIR Technologies were approached by a strategic acquirer, they reached out to ClearRidge to advise them on the potential sale. With an exhaustive process to prepare AIR Technologies for a sale, identify and approach potential acquirers, the ClearRidge team managed the sale process, due diligence and closing.
The transaction was closed by Managing Directors of ClearRidge, as registered representatives of M&A Securities Group, Inc., member FINRA/SiPC, an unaffiliated entity.
Terms of the transaction are not disclosed.
About Fidelity Building Services Group
Fidelity Building Services Group (Fidelity BSG) was founded in 1945 as a full-service mechanical engineering, contracting, and service company that introduced air conditioning, refrigeration, and process cooling to a new marketplace. The advent of air conditioning went on to revolutionize the entire building industry and Fidelity BSG has been on the leading edge ever since. Today, our geographic footprint has grown beyond the Mid-Atlantic, extending throughout the South and the Gulf Region. With over 1,700 Team Members, 30 locations in 13 states, 75+ years of experience, and an intense focus on delivering Proactive, World-Class Service, Fidelity BSG is established as a national premier provider of high-performance integrated technical building solutions for the commercial and industrial facilities market. Fidelity BSG’s product and service offerings include Emergency Generators/Power Systems, Building Mechanical/HVAC Systems, Building Automation & Controls, and Systems Integration.
About AIR Technologies™
Since 1976, AIR Technologies has been providing exceptional Mechanical/HVAC services to businesses throughout the greater Oklahoma City region with a focus on commercial, industrial, and governmental projects. Its service line offerings include a full range of design/build services, sheet metal fabrication, piping services, building management systems, welding, refrigerant conservation and computer room air conditioning design, installation, and service.
ClearRidge was founded in 2008 to assist business owners make better strategic decisions; to provide the owners of midsized private companies with an outsourced team of industry-leading professionals. Leveraging decades of experience successfully completing complex transactions, ClearRidge clients benefit from discreet, professional and effective representation in the sale of their private company, acquisition, restructuring or capital sourcing.