American Capital, Ltd.
Bethesda, MD · ~$10-100B AUM
Why it invests in the trades
Publicly traded business development company and asset manager whose majority-owned entity bought the Service Experts residential HVAC and plumbing network from Lennox International in March 2013. Service Experts later became the owner of two Tampa Bay brands, Midway Services and The Pink Plumber.
Platforms in Tampa Bay (1)
Service Experts Heating & Air Conditioning
Local brands ultimately backed by American Capital, Ltd. (2)
Notable exits — what happened next
How this investor has behaved when the clock ran out elsewhere.
- Service Experts (2016) → Enercare Inc.. Service Experts was later sold on to Enercare; not verified in this research pass. [source]
Frequently asked
What does American Capital, Ltd. own in Tampa Bay?
Midway Services, Inc., The Pink Plumber, through Service Experts Heating & Air Conditioning.
Is American Capital, Ltd. a private-equity firm?
Yes.
How long will American Capital, Ltd. hold these companies?
Private-equity funds typically target a 3–7 year hold before a sale, recapitalization or continuation fund. See "Notable exits" for how this investor has behaved before, and Debt, exits and the 5-year clock.
Sources Reported — credible press
- PR Newswire / Lennox International (2013-03-22) — press release. Names the buyer as a majority-owned entity of American Capital, Ltd.
- ACHR News (2013-03-26) — trade press. Trade confirmation of the completed buyout.
Researcher notes: The notable_exits entry (later Enercare ownership) was NOT verified in this pass and is flagged as such; confirm before publishing.
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