Mergers & Acquisitions

Service Logic Acquired by Bain Capital

6872 Service Logic NT

M&A Engagement Overview

Industry Group: Business Services; Energy, Power & Infrastructure
Areas of Focus: Commercial and Industrial Services, HVAC and Mechanical Services

Harris Williams advised Service Logic, a portfolio company of Leonard Green & Partners, on their sale to Bain Capital, in partnership with Mubadala Investment Company. Service Logic is a premier provider of commercial HVAC services to a diverse range of end markets, offering preventative maintenance, emergency service, and replacement and retrofit of HVAC equipment across the United States and Canada.

The HVAC and mechanical services sector, defined by its high degree of fragmentation and steady demand profile, continues to attract strong investor interest – especially when it comes to premium platforms.

The company has consistently demonstrated above-market organic growth supplemented by a long track record of accretive M&A. This growth, paired with their highly recurring and reoccurring revenue mix—diversified across customers, end markets, and geographies—positions Service Logic as a standout platform in a resilient, attractive industry.

Bain Capital brings deep experience supporting scaled services platforms and a strong global network to Service Logic. Their resources and expertise will empower Service Logic to accelerate their growth and expand their leadership in the HVAC and mechanical services industry.

Contact the Harris Williams Business Services Group and Energy, Power & Infrastructure Group to learn more about this client engagement.

Harris Williams is a global investment bank specializing in M&A and private capital advisory services. Clients worldwide rely on us to help unlock value in their business and turn ambitious goals into reality. We approach every engagement with boundless collaboration, pooling expertise and relationships across industries and geographies. For over 30 years, our clients have trusted us to think strategically, execute precisely, and deliver superior outcomes to help them grow.


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