Investcorp has acquired Best in Class Technology Services, a provider of HVAC, electrical and plumbing maintenance, repair and replacement services.

Headquartered in Lenexa, Kan., BCTS operates service branches across the Midwest, Southeast and Northeast US. BCTS was created through a combination of local service brands. The target serves companies within the industrials, medical, education and commercial end markets. The BCTS management team and Dunes Point Capital will remain shareholders alongside Investcorp.

“BCTS serves a large, growing, resilient, and highly-fragmented market of commercial HVAC customers across the U.S. that require support from highly-trained technicians, and our goal is to capitalize on this strong demand and favorable industry regulation,” comments Amit Gaind, managing director, private equity – North America at Investcorp. “We have a long history of partnering with companies both in the technical services sector and HVAC more broadly and look forward to helping BCTS accelerate their growth.”

Houlihan Lokey and Lincoln International advised BCTS and Piper Sandler advised Investcorp on the transaction.