JTW Advisors LLC announced that its client, Gator Air Conditioning, a premier provider of residential HVAC services in the Sarasota and Tampa regions, has been acquired by Del-Air Heating, Air Conditioning & Refrigeration, backed by Astara Capital Providers.
JTW Advisors served as the exclusive investment banker to Gator Air Conditioning for the transaction.
reputation and the desirability
The sale of Gator Air Conditioning attracted significant interest from a highly competitive field of buyers, driven by the company’s strong brand reputation and the desirability of its market.
After receiving multiple bids, Gator ultimately selected Del-Air due to its industry-pioneering reputation and commitment to employee growth and integration.
growth opportunities
Del-Air, which operates across the state of Florida, expands its presence in these key regions
“I wanted to ensure that the company I built would continue to thrive and that my employees would have new growth opportunities,” said James (Jimmy) Romagnola, owner of Gator Air Conditioning. “Del-Air’s vision aligned perfectly with that goal.”
Gator Air Conditioning, based in Sarasota, serves the Sarasota, Bradenton, Lakewood Ranch, and Tampa markets. Del-Air, which operates across the state of Florida, expands its presence in these key regions through this acquisition, strengthening its footprint in one of the most sought-after home services markets in the country.
superior outcome
“We are honored to have represented Gator Air Conditioning in this process,” said Kyle Bobinski of JTW Advisors. “This transaction underscores the continued strength of the M&A market in the home services sector, where private equity and strategic buyers remain highly active."
"Competitive sale processes like this one consistently drive superior outcomes for sellers, and we are pleased to have helped deliver an exceptional result for Gator.”
