Stan’s Heating & Cooling Receives Investment from Treaty Oak Equity
received an investment from an affiliate of
Austin, Texas – (January 29, 2019) – Stan’s Heating & Cooling (“Stan’s”), a leading provider of residential HVAC installations and service, has received an investment from an affiliate of Treaty Oak Equity LLC (“Treaty Oak”) of Austin, Texas. Focus Strategies Merchant Banking, LLC (“Focus Strategies”) served as the exclusive financial advisor to Stan’s throughout the transaction, which closed on November 30, 2018.
Stan’s Heating & Cooling, founded in 1954, specializes in HVAC repair, maintenance, replacement and building efficiency improvements in the existing single-family home market and installs HVAC systems in the new home construction market. The Austin-based company has established itself as Central Texas’ premier HVAC provider.
Larry Hester, Managing Director at Focus Strategies, said “Since its inception, Stan’s has demonstrated a commitment to quality, customers and employees. The strong leadership provided by Chris Strand and John Williams has positioned the company for tremendous success and the partnership with Treaty Oak is a natural fit. They understand the importance of honoring the legacy, share a similar vision and values, and bring extensive experience and expertise in helping businesses grow.”
“We are extremely pleased with the outcome of this transaction and the Focus Strategies team guided us every step of the way. They were professional, thoughtful and transparent throughout the process,” Chris Strand, President of Stan’s stated. “We are excited to have Treaty Oak Equity as our new partner. Their commitment to quality and culture resonates well and we look forward to continuing to provide exceptional service to the communities we serve.”
Treaty Oak Equity LLC is an Austin-based private equity firm that invests in lower middle-market companies that occupy leading positions in viable market niches.