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has been acquired by

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Coolray is one of the largest HVAC service and installation providers in the Atlanta, GA area.

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Coolray

Type

M&A Sell-Side

Description

Croft & Bender advised the Company through a complete exclusive sale process,

Industries

Consumer Industrial
text, logo

has been acquired by

a black and white sign

Coolray is one of the largest HVAC service and installation providers in the Atlanta, GA area.

About

Coolray is a Heating Ventilation and Air Conditioning (HVAC) company uniquely focused on new construction as well as the retail business.

Situation

The owner and sole proprietor needed strategic advice as the industry was aggressively consolidating. Croft & Bender advised the Company through a complete exclusive sale process, which included valuing the Company, identifying potential acquirers, drafting the offering memorandum, marketing the Company, and negotiating the transaction.

Result

Croft & Bender successfully sold Coolray to ServiCenter USA, Inc.