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Flow Service Partners, A Portfolio Company Of Rlj Equity Partners And Lp First Capital, Acquires Nunning Heating, Air Conditioning And Refrigeration

Mar 06, 2023over 2 years ago

Acquiring Company

Flow Service Partners ("Flow")

Acquired Company

Nunning HeatingAir Conditioning

Building Maintenance

Description

Flow Service Partners ("Flow" or the "Company"), a leading provider of heating, ventilation, air conditioning, and refrigeration ("HVACR") and plumbing services, announced today the acquisition of Nunning Heating, Air Conditioning and Refrigeration ("Nunning"), a highly reputable heating and cooling service provider in Evansville, Indiana. The acquisition of Nunning expands Flow's footprint in Indiana and reinforces its commitment to providing quality service to its commercial customers. Flow Service Partners is a portfolio company of RLJ Equity Partners, an affiliate of The RLJ Companies, and LP First Capital. Financial terms of the transaction were not disclosed.

Company Information

Company

Flow Service Partners ("Flow")

About

Nashville, TN, is a provider of heating, ventilation, air conditioning, and refrigeration ("HVACR") and plumbing services, including maintenance, repair, replacement/retrofit and installation services. Through its partners, Flow currently operates in Delaware, Florida, Indiana, Kentucky, Maryland, and Pennsylvania and has approximately 325 employees. For more information, please visit www.flowservice.com. FOR MORE INFORMATION: RLJ EQUITY PARTNERSNigel Howard, Managing Director, (240) 744-7835, nhoward@rljequity.com SOURCE RLJ Equity Partners, LLC

M&A Insights

Based on deal data
Integration timeline
70% of M&A integrations take 12-24 months to complete
Tech stack consolidation
83% of merged companies consolidate technology vendors within first year
Post-acquisition investment
Companies increase IT spending by 23% on average after acquisitions
Success factor
M&A deals with strong technology integration plans are 2.5x more likely to succeed