Majority stake Announced Aug 2024 · Closed Sep 2024 Verified

Gamut Capital acquires Airtron Heating & Air from NRG Energy

Acquirer

Gamut Capital Management

Pe Firm

Target

Airtron Heating & Air Conditioning

Operating Company

Sponsor

Gamut Capital Management

Pe Firm

Deal value$500Mdisclosed source

EBITDA multiple8.6×disclosed source

Figures marked reported are drawn from a single or secondary source and are not independently confirmed.

Summary

Gamut Capital acquired Airtron (one of the largest US residential new-construction HVAC installers; 13 MSAs) from NRG Energy; signed Aug 8, completed Sep 16 2024. NRG's SEC 8-K discloses the $500M price at an 8.6x multiple on 2023 Adjusted EBITDA of $58M.

Primary source