Enviro-Serv set to buy Above Air4th January 2016
USA: Tampa-based building maintenance firm Enviro-Serv says it is in the final stages of discussion to purchase Above Air Inc Air Conditioning.
Established in 1993, Above Air has focused on residential and light commercial air conditioning service, replacement, and preventative maintenance in Broward County as well as Palm Beach County north to Wellington. A Carrier dealer and winner of the Carrier President’s Award for the last three years, Above Air achieved sales of $1.5m last year
“This is the first purchase of its kind for Enviro-Serv and a huge milestone for the company,” stated Chris Trina, CEO of Enviro-Serv Inc. “We’ve been pushing hard for a long time as many shareholders are aware and this being our first transaction of the New Year is a big step for the Company. Final negotiations are ongoing on numerous items pertaining to the definitive purchase agreement being agreed upon but we are extremely confident in our ability to reach this milestone in fairly short order.”
According to Enviro-Serv, Chris Marino, founder and president of Above Air has committed to staying onboard for 1-2 years for transitioning.
Chris Marino said, “I’m excited and optimistic about our negotiations with Enviro-Serv Inc to acquire our organisation. For Enviro-Serv shareholders we bring a rock solid client base that has been developed and maintained for over 20 years.”