The company has been in business for nearly 30 years, specializing in heating, ventilation and air conditioning (HVAC) services. Additionally it offers ammonia refrigeration services. Located in Southern California, the company's customers include hotels, hospitals, manufacturing facilities, grocery distribution warehouses and industrial corporations. Employees are members of the refrigeration workers union. Growth opportunities include implementing a sales division as well as establishing a website and developing an internet presence. The owner will exit after transitioning to new ownership. Two key managers have a combined 40+ years with the company and are expected to remain.
Revenues have averaged $6.4mm over the last 6 years (2014 to TTM 6/30/2019). Strong relationships have resulted in a 90% recurring customer rate. There is limited competition in the market.