Astara Capital Partners, a middle-market private equity firm, has made an investment in Del-Air Heating and Air Conditioning, a residential HVAC installation and service provider.
Headquartered in Sanford, Fla., Del-Air offers residential HVAC new construction installations, HVAC home services, plumbing, electrical home services and replacements and light commercial HVAC services throughout the Florida market. The company serves home builders in seven different locations and over 17,000 residential and commercial customers.
“As a result of Astara’s investment, Del-Air will be debt free and have the liquidity to invest in its people, fleet, and systems,” comments Rick Rogers, CEO of Del-Air Heating and Air Conditioning. “Importantly, we will invest in and substantially grow both the new construction and the home services divisions of the company.”