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Service Logic

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uuid0000sd3

Namestring
Service Logic
Legal namestring
Service Logic, LLC
Company typeenum
Private
Founded yearint
2003
Descriptiontext

Service Logic is the largest privately held commercial HVAC and mechanical services company in the United States, operating a platform of 61 acquired business units across 155 locations in the US and Canada. Founded in 2003 and headquartered in Charlotte, North Carolina, the company was built through an aggressive acquisition strategy that has produced 110+ completed deals to date. Service Logic employs 5,000+ technicians and serves approximately one billion square feet of commercial space for an enterprise customer base that includes Marriott International, Amazon, US Bank, Wells Fargo, Medxcel, Atrium Hospitality, and Oto Development across verticals such as healthcare, data centers/mission-critical facilities, manufacturing, hospitality, and commercial office.

The company's core technology is the integration of commercial HVAC service delivery with building automation systems and customer work-order platforms. Its product portfolio spans preventative maintenance, emergency 24/7 repair, system replacement and retrofit, capital projects/design-build, special projects (energy efficiency and indoor air quality), building automation installation and management, and a proprietary chemical treatment (ThermaClear) for oil-fouling remediation. Service Logic's Building Automation Systems integrate with customer platforms including Salesforce, Corrigo, ServiceChannel, Ariba, and Avetta to enable scheduling, reporting, and invoicing. The EDGE talent development program provides OEM training, leadership development, peer groups, and technical certification across the network.

Service Logic operates a dual go-to-market: enterprise field sales through the Strategic Accounts division (a 50+ person team managing approximately 100 large national commercial accounts with single-point-of-contact account management) and distributed mid-market commercial service through the locally branded business unit network. The company self-performs work through its owned units rather than third-party aggregators. Revenue is generated via a mix of recurring service contracts, on-demand emergency services, project-based capital installations, and managed building automation services. Multi-year contracts with national accounts provide recurring revenue visibility, while the acquisition program creates ongoing inorganic growth by acquiring commercial HVAC companies that retain brand autonomy while gaining access to capital, peer networking, and national account opportunities. In December 2025, Bain Capital and Mubadala Investment Company acquired Service Logic from Leonard Green & Partners for approximately $3.1 billion.

Short descriptiontext

Service Logic is the largest privately held US commercial HVAC and mechanical services company, operating 155 locations across the US and Canada through 61 acquired business units. It delivers preventative maintenance, emergency repair, capital projects, and building automation services to enterprise accounts across healthcare, data centers, manufacturing, and hospitality.

Operating statusenum
Operating
Ownership categoryenum
Headcount rangeband
5,001–10,000
akta.pro rankint
HeadquartersCharlotte, United States
HQ citystring
Charlotte
HQ countrystring
United States
HQ regionstring
North America
Markets served

Serves global market

Offices2 records

Each record includes

City, Country, Type, Description, Source

Keyword5 values
commercial HVAC services, HVAC maintenance, building automation, facility management, HVAC repair
Industry4 codes
1HVAC Service, Maintenance & Repair
CodeBPABACAAPrimaryYes
2Hard Services (MEP/HVAC, Electrical, Plumbing)
CodeBPABAAAAPrimaryNo
3Commercial HVAC Maintenance Agreements & PM Programs
CodeHSAOAHAJPrimaryNo
4Building Thermal Controls & Building Management Systems (HVAC BMS)
CodeIMAHAKAKPrimaryNo
NAICS code2 codes
  • Facilities Support Services56121
  • Services to Buildings and Dwellings5617
SIC code4 codes
  • Air-Cond & Warm Air Heatg Equip & Comm & Indl Refrig Equip3585
  • Services-Facilities Support Management Services8744
  • Auto Controls For Regulating Residential & Comml Environments3822
  • Refrigeration & Service Industry Machinery3580
Product category
Commercial HVAC Services
Social media profiles1 record
GTM motion3 records

Each record includes

Type, Description, Source

Revenue model4 records
1Commercial HVAC Services
TypeSubscription Recurring
Description

Comprehensive HVAC services including preventative maintenance, emergency repairs, system replacement/retrofit, and technical support. Revenue generated through service contracts and on-demand service delivery to commercial customers.

servicelogic.com
2Capital Projects and System Installation
TypeOne Time License
Description

Design-build and custom HVAC system installation services for new construction and major renovations. One-time project-based revenue for system design and installation.

servicelogic.com
3Building Automation Services
TypeManaged Services
Description

Installation and management of building automation systems with ongoing monitoring and optimization services.

servicelogic.com
4Design-Build Services
TypeProfessional Services
Description

Mechanical design-build services for commercial HVAC systems, enabling customers to customize and build systems tailored to their commercial space requirements.

servicelogic.com
Marketing channels5 records

Each record includes

Title, Type, Stage, Description, Source

Distribution channels4 records

Each record includes

Title, Type, Scope, Target buyer, Description, Source

Cost components6 values
Personnel, Operations, Supply Chain, Marketing or Sales, Technology or R&D, Infrastructure
Pricing details1 tier
1Custom pricing based on customer requirements and scope of work
ModelOtherBilling cadenceMulti-year contract
Notes

Service Logic provides customized pricing for each customer based on their specific HVAC needs, portfolio size, and service requirements. The company offers flexible billing options and consistent, preferred pricing based on scale for national accounts.

servicelogic.com
GTM typeB2B
B2B
Offering typeServices
Services
Core offering1 text field

Service Logic provides commercial HVAC services across the United States through a network of 50+ service locations. Its offerings include preventative maintenance, 24/7 emergency repair, equipment replacement/retrofit, building automation, and major capital projects, supported by a national account management structure for multi-site customers.

Differentiator
Functional benefit
Problem solved
Quantifiable outcome1 of 3 values shown
  • Operating cost savings of 10-15% per site for manufacturing customers
+2 more records
Product overview1 text field

Service Logic operates as a platform of 61 commercial HVAC business units across 155 locations in the US and Canada, offering a comprehensive portfolio of HVAC and building automation services. The core service offerings include Preventative Maintenance, Replacement or Retrofit, Emergency Services, and Technical Services & Support. These are delivered through two primary platform mechanisms: the Nationwide Services platform (providing single-point-of-contact account management for multi-location commercial clients) and the Acquisition Program (enabling HVAC companies to join while preserving brand autonomy). Additional offerings include specialized modules such as Capital Projects, Special Projects, Building Automation, and Thermaclear for oil-fouling remediation. Supporting these services is The EDGE talent development program, which provides training and professional development across the network. The company serves diverse industries including commercial, healthcare, data centers, manufacturing, and hospitality through its portfolio of independently operated business units.

Product and service7 records
1Preventative Maintenance Services
CategoryMaintenance Services
Description

Scheduled HVAC maintenance programs designed to extend equipment life and reduce emergency breakdowns for commercial building owners and facility managers.

224/7 Emergency Repair Services
CategoryRepair Services
Description

Round-the-clock emergency HVAC repair and response services delivered nationwide for commercial customers facing unexpected equipment failure.

3Replacement and Retrofit Services
CategoryEquipment Services
Description

Commercial HVAC equipment replacement and retrofit solutions that upgrade aging systems to improve efficiency and performance.

4Building Automation Systems
CategoryBuilding Automation
Description

Design, installation, and servicing of building automation systems that enable centralized monitoring and control of HVAC equipment for commercial facilities.

5Major Capital Projects
CategoryCapital Projects
Description

Large-scale HVAC capital projects delivered for commercial customers, covering complex installations and major system overhauls.

6ThermaClear
CategorySpecialty Services
Description

Specialized HVAC coil cleaning service designed to restore heat transfer efficiency and reduce energy consumption in commercial heating and cooling equipment.

7Special Projects
CategoryProject Services
Description

Custom HVAC project work for commercial customers that falls outside standard maintenance and capital project scopes.

Scale indicator8 records

Each record includes

Type, Value, Description, Source

Partnership2 partners
Strategic tierMinorTypeOthers
Description

Pye-Barker is referenced in industry market reports as a comparable PE-backed HVAC roll-up platform that acquired 57 companies in 2025 alone, demonstrating the aggressive consolidation trend in the HVAC services industry.

Strategic tierMinorTypeChannel Partner/ Reseller/ Distributor
Description

IES was acquired by Service Logic in January 2023. The acquisition aims to leverage Service Logic's nationwide HVAC and mechanical services to enhance IES's operations. IES operates locations in California (Santa Rosa, Pleasanton, Sacramento) and was a DCA Partners portfolio company.

Recent move7 records

Each record includes

Date, Type, Title, Description, Source

Expansion highlight7 records

Each record includes

Type, Description

Peers10 records
TypeDirect peer
Description

PE-backed commercial services platform aggressively consolidating HVAC, plumbing, fire protection, and mechanical services. Most direct competitor given similar buy-and-build model and 57 acquisitions in 2025 alone.

TypeDirect peer
Description

Publicly traded commercial HVAC and mechanical services provider with national footprint. Closest publicly traded comparable in commercial HVAC service delivery and project work.

TypeDirect peer
Description

Publicly traded commercial HVAC, mechanical, and building automation services provider. Comparable in service mix, customer segments (healthcare, data centers, commercial), and integrated project/service model.

TypeBroad incumbent
Description

Large publicly traded facilities and energy services provider offering commercial HVAC, mechanical, and electrical services. Competes in many of the same enterprise accounts but operates at much larger scale with broader services portfolio.

TypeBroad incumbent
Description

Publicly traded safety, specialty, and industrial services platform. Comparable as a PE-influenced roll-up model in building services, though broader in scope including fire suppression and life safety.

TypeBroad incumbent
Description

Large publicly traded integrated facility services provider offering HVAC, mechanical, and building maintenance. Comparable in serving multi-location enterprise commercial customers with centralized account management.

TypeBroad incumbent
Description

Global building automation and HVAC systems manufacturer and service provider. Competes with Service Logic's Building Automation Systems offering and serves many of the same enterprise customers through service contracts.

TypeBroad incumbent
Description

Major HVAC equipment manufacturer with growing service business. Competes in commercial HVAC service and controls, though primarily a manufacturer rather than a service-led platform like Service Logic.

TypeBroad incumbent
Description

Global HVAC and building solutions provider with commercial service operations. Overlaps with Service Logic in commercial HVAC service, retrofit, and building controls markets.

TypeOthers
Description

Largest HVAC distribution company in North America. Adjacent to Service Logic's business as a key supplier of HVAC equipment and parts to commercial mechanical contractors.

Market position
Strengths5 records

Each record includes

Headline, Details, Source

Weaknesses5 records

Each record includes

Headline, Details, Source

Competitive moat6 records

Each record includes

Type, Details

Key risks6 records

Each record includes

Headline, Details, Source

Key highlights7 records

Each record includes

Headline, Details, Source

Customer concentration

Classification, Details

Named customers7 records

Each record includes

Name, Industry, Type, Use case, Source, UUID

Segment6 records

Each record includes

Title, Type, Primary, Description, Pain point addressed, Use case, Source

Ideal customer profile2 records

Each record includes

Profile, Firmographic size, Sales motion, Sales cycle length, Buying structure, Purchase trigger, Buyer persona, Geography, Industry vertical, Primary use case, Description, Pain points, Evidence proof points, Target buyer

Technology focused
No
API detail
Has APIbool
No

Docs URL, Description

Integration5 records

Each record includes

Title, Type, Description, Source

AI maturity
App detail

Has app

Feature3 records

Each record includes

Title, Differentiator, Description, Source

Core technology
Revenue estimate
Valuation estimate
Number of profiles
Profiles5 records

Each record includes

Name, Designation, Designation category, Overview, Profile commentary, Source

Subsidiaries10 records

Each record includes

Name, Acquired on, Relationship type, Type, Business focus

No data
Funding overview

Funding stage, Last funding date, Total funding USD

Funding rounds3 records

Each record includes

Round, Amount USD, Date, Pre money valuation, Total investors, Investors, News

Investors4 records

Each record includes

Name, Type, Date of entry, Rounds participated, Website

Funding detail is available on the Subscription and Enterprise plan.Contact sales →

M&A16 records

Each record includes

Name, Acquisition type, Announced date, Completed date, Status, Website, News

Investment

Each record includes

Name, Round, Announced date, Lead investor, Website, News

M&A and investment is available on the Subscription and Enterprise plan.Contact sales →

Service Logic

Commercial HVAC Servicesservicelogic.com

Service Logic is the largest privately held US commercial HVAC and mechanical services company, operating 155 locations across the US and Canada through 61 acquired business units. It delivers preventative maintenance, emergency repair, capital projects, and building automation services to enterprise accounts across healthcare, data centers, manufacturing, and hospitality.

What Service Logic does

Service Logic is the largest privately held commercial HVAC and mechanical services company in the United States, operating a platform of 61 acquired business units across 155 locations in the US and Canada. Founded in 2003 and headquartered in Charlotte, North Carolina, the company was built through an aggressive acquisition strategy that has produced 110+ completed deals to date. Service Logic employs 5,000+ technicians and serves approximately one billion square feet of commercial space for an enterprise customer base that includes Marriott International, Amazon, US Bank, Wells Fargo, Medxcel, Atrium Hospitality, and Oto Development across verticals such as healthcare, data centers/mission-critical facilities, manufacturing, hospitality, and commercial office.

The company's core technology is the integration of commercial HVAC service delivery with building automation systems and customer work-order platforms. Its product portfolio spans preventative maintenance, emergency 24/7 repair, system replacement and retrofit, capital projects/design-build, special projects (energy efficiency and indoor air quality), building automation installation and management, and a proprietary chemical treatment (ThermaClear) for oil-fouling remediation. Service Logic's Building Automation Systems integrate with customer platforms including Salesforce, Corrigo, ServiceChannel, Ariba, and Avetta to enable scheduling, reporting, and invoicing. The EDGE talent development program provides OEM training, leadership development, peer groups, and technical certification across the network.

Service Logic operates a dual go-to-market: enterprise field sales through the Strategic Accounts division (a 50+ person team managing approximately 100 large national commercial accounts with single-point-of-contact account management) and distributed mid-market commercial service through the locally branded business unit network. The company self-performs work through its owned units rather than third-party aggregators. Revenue is generated via a mix of recurring service contracts, on-demand emergency services, project-based capital installations, and managed building automation services. Multi-year contracts with national accounts provide recurring revenue visibility, while the acquisition program creates ongoing inorganic growth by acquiring commercial HVAC companies that retain brand autonomy while gaining access to capital, peer networking, and national account opportunities. In December 2025, Bain Capital and Mubadala Investment Company acquired Service Logic from Leonard Green & Partners for approximately $3.1 billion.

Service Logic firmographics

Firmographics
Name
Service Logic
Legal name
Service Logic, LLC
Website
https://servicelogic.com
Company type
Private
Founded year
2003
Operating status
Operating
Headcount range
5,001–10,000 employees
Short description
Service Logic is the largest privately held US commercial HVAC and mechanical services company, operating 155 locations across the US and Canada through 61 acquired business units. It delivers preventative maintenance, emergency repair, capital projects, and building automation services to enterprise accounts across healthcare, data centers, manufacturing, and hospitality.
Ownership category
akta.pro rank

Service Logic industry classification

Industry
Product category
Commercial HVAC Services
NAICS
Facilities Support Services (56121), Services to Buildings and Dwellings (5617)
SIC
Air-Cond & Warm Air Heatg Equip & Comm & Indl Refrig Equip (3585), Services-Facilities Support Management Services (8744), Auto Controls For Regulating Residential & Comml Environments (3822), Refrigeration & Service Industry Machinery (3580)
akta.pro primary industry
HVAC Service, Maintenance & Repair (BPABACAA)
akta.pro secondary industries
Hard Services (MEP/HVAC, Electrical, Plumbing) (BPABAAAA), Commercial HVAC Maintenance Agreements & PM Programs (HSAOAHAJ), Building Thermal Controls & Building Management Systems (HVAC BMS) (IMAHAKAK)

Keywords

  • Commercial HVAC services
  • HVAC maintenance
  • Building automation
  • Facility management
  • HVAC repair

Where Service Logic is headquartered

Location

Headquarters

HQ city
Charlotte
HQ country
United States
HQ region
North America

Offices2 records

Markets served

Service Logic business model

Business model
GTM type
B2B
Offering type
Services
Cost components
Personnel, Operations, Supply Chain, Marketing or Sales, Technology or R&D, Infrastructure

Revenue model

  1. Commercial HVAC Services: Comprehensive HVAC services including preventative maintenance, emergency repairs, system replacement/retrofit, and technical support. Revenue generated through service contracts and on-demand service delivery to commercial customers.
  2. Capital Projects and System Installation: Design-build and custom HVAC system installation services for new construction and major renovations. One-time project-based revenue for system design and installation.
  3. Building Automation Services: Installation and management of building automation systems with ongoing monitoring and optimization services.
  4. Design-Build Services: Mechanical design-build services for commercial HVAC systems, enabling customers to customize and build systems tailored to their commercial space requirements.

Pricing tiers

ModelBillingPrice
OtherMulti-year contractCustom pricing based on customer requirements and scope of work

Go-to-market motion3 records

Distribution channels4 records

Marketing channels5 records

Service Logic product offering

Product offering

Core offering

Service Logic provides commercial HVAC services across the United States through a network of 50+ service locations. Its offerings include preventative maintenance, 24/7 emergency repair, equipment replacement/retrofit, building automation, and major capital projects, supported by a national account management structure for multi-site customers.

Product overview

Service Logic operates as a platform of 61 commercial HVAC business units across 155 locations in the US and Canada, offering a comprehensive portfolio of HVAC and building automation services. The core service offerings include Preventative Maintenance, Replacement or Retrofit, Emergency Services, and Technical Services & Support. These are delivered through two primary platform mechanisms: the Nationwide Services platform (providing single-point-of-contact account management for multi-location commercial clients) and the Acquisition Program (enabling HVAC companies to join while preserving brand autonomy). Additional offerings include specialized modules such as Capital Projects, Special Projects, Building Automation, and Thermaclear for oil-fouling remediation. Supporting these services is The EDGE talent development program, which provides training and professional development across the network. The company serves diverse industries including commercial, healthcare, data centers, manufacturing, and hospitality through its portfolio of independently operated business units.

Differentiator

Problem solved

Functional benefit

Products and services

  • Preventative Maintenance Services Scheduled HVAC maintenance programs designed to extend equipment life and reduce emergency breakdowns for commercial building owners and facility managers.
  • 24/7 Emergency Repair Services Round-the-clock emergency HVAC repair and response services delivered nationwide for commercial customers facing unexpected equipment failure.
  • Replacement and Retrofit Services Commercial HVAC equipment replacement and retrofit solutions that upgrade aging systems to improve efficiency and performance.
  • Building Automation Systems Design, installation, and servicing of building automation systems that enable centralized monitoring and control of HVAC equipment for commercial facilities.
  • Major Capital Projects Large-scale HVAC capital projects delivered for commercial customers, covering complex installations and major system overhauls.
  • ThermaClear Specialized HVAC coil cleaning service designed to restore heat transfer efficiency and reduce energy consumption in commercial heating and cooling equipment.
  • Special Projects Custom HVAC project work for commercial customers that falls outside standard maintenance and capital project scopes.

Quantifiable outcome

  • Operating cost savings of 10-15% per site for manufacturing customers
  • +2 more outcomes

Companies that use Service Logic

Customer profile

Named customers7 records

Segments6 records

Ideal customer profiles2 records

Service Logic technology and API

Technology

Technology focussed No

API detail

Has API
No
API docs
API detail

Core technology

AI maturity

App detail

Integration5 records

Feature3 records

Service Logic partnerships and signals

Strategic signal

Partnerships

Two partnerships are on record, tiered minor.

  • Pye-Barker Fire & SafetyminorOthersPye-Barker is referenced in industry market reports as a comparable PE-backed HVAC roll-up platform that acquired 57 companies in 2025 alone, demonstrating the aggressive consolidation trend in the HVAC services industry.
  • Indoor Environmental Services (IES)minorChannel Partner/ Reseller/ DistributorIES was acquired by Service Logic in January 2023. The acquisition aims to leverage Service Logic's nationwide HVAC and mechanical services to enhance IES's operations. IES operates locations in California (Santa Rosa, Pleasanton, Sacramento) and was a DCA Partners portfolio company.

Scale indicators8 records

Recent moves7 records

Expansion highlights7 records

Service Logic competitors and assessment

Company assessment

Direct peers

  • Pye-Barker Fire & Safety: PE-backed commercial services platform aggressively consolidating HVAC, plumbing, fire protection, and mechanical services. Most direct competitor given similar buy-and-build model and 57 acquisitions in 2025 alone.
  • Comfort Systems USA: Publicly traded commercial HVAC and mechanical services provider with national footprint. Closest publicly traded comparable in commercial HVAC service delivery and project work.
  • Limbach Holdings: Publicly traded commercial HVAC, mechanical, and building automation services provider. Comparable in service mix, customer segments (healthcare, data centers, commercial), and integrated project/service model.

Broad incumbents

  • EMCOR Group: Large publicly traded facilities and energy services provider offering commercial HVAC, mechanical, and electrical services. Competes in many of the same enterprise accounts but operates at much larger scale with broader services portfolio.
  • APi Group: Publicly traded safety, specialty, and industrial services platform. Comparable as a PE-influenced roll-up model in building services, though broader in scope including fire suppression and life safety.
  • ABM Industries: Large publicly traded integrated facility services provider offering HVAC, mechanical, and building maintenance. Comparable in serving multi-location enterprise commercial customers with centralized account management.
  • Johnson Controls: Global building automation and HVAC systems manufacturer and service provider. Competes with Service Logic's Building Automation Systems offering and serves many of the same enterprise customers through service contracts.
  • Carrier Global: Major HVAC equipment manufacturer with growing service business. Competes in commercial HVAC service and controls, though primarily a manufacturer rather than a service-led platform like Service Logic.
  • Trane Technologies: Global HVAC and building solutions provider with commercial service operations. Overlaps with Service Logic in commercial HVAC service, retrofit, and building controls markets.

Others

  • Watsco: Largest HVAC distribution company in North America. Adjacent to Service Logic's business as a key supplier of HVAC equipment and parts to commercial mechanical contractors.

Market position

Strengths5 records

Weaknesses5 records

Competitive moat6 records

Key risks6 records

Key highlights7 records

Customer concentration

Service Logic social profiles

Digital presence

Service Logic financial estimates

Financial estimate

Revenue estimate

Valuation estimate

Service Logic leadership team

Management profile

Number of profiles

Profiles5 records

Service Logic subsidiaries and ownership

Company hierarchy

Subsidiaries10 records

Service Logic funding detail

Funding detail

Funding overview

Funding rounds3 records

Investors4 records

Funding detail is available on the Subscription and Enterprise plan.Contact sales →

Service Logic M&A and investment

M&A and investment

M&A16 records

Investments

M&A and investment is available on the Subscription and Enterprise plan.Contact sales →

Frequently asked questions about Service Logic

What does Service Logic do?

Service Logic provides commercial HVAC services across the United States through a network of 50+ service locations. Its offerings include preventative maintenance, 24/7 emergency repair, equipment replacement/retrofit, building automation, and major capital projects, supported by a national account management structure for multi-site customers.

Is Service Logic a public or private company?

Service Logic is a private company. It is classified as unknown and is currently operating.

When was Service Logic founded?

Service Logic was founded in 2003. It employs 5,001 to 10,000 people.

Where is Service Logic based?

Service Logic is headquartered in Charlotte, United States, in the North America region.

How does Service Logic make money?

Four revenue lines are on record. Commercial HVAC Services are the primary driver. The others are capital Projects and System Installation, building Automation Services and design-Build Services.

Who are Service Logic's main competitors?

Direct peers on record are Pye-Barker Fire & Safety, Comfort Systems USA and Limbach Holdings. Broad incumbents are EMCOR Group, APi Group, ABM Industries, Johnson Controls, Carrier Global and Trane Technologies. Watsco is listed as an others.

Does Service Logic have an API?

No public API is recorded for Service Logic.

What industry is Service Logic in?

Service Logic's product category is Commercial HVAC Services. Its primary akta.pro industry code is BPABACAA, HVAC Service, Maintenance & Repair, with a secondary code of BPABAAAA, Hard Services (MEP/HVAC, Electrical, Plumbing). Its NAICS code is 56121 and its SIC code is 3585.

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Live signals
DcapartnersDCA Partners Advises L&H Airco on Its Sale to Service LogicDCA Partners advised L&H Airco on its sale to Service Logic, a U.S.-Canada HVAC services company. The acquisition strengthens Service Logic's controls business and expands its Western U.S. footprint, while L&H continues operating under its existing brand and leadership.American City Business JournalsBain Capital deepens HVAC investments with ServiceLogic dealBain Capital, a Boston-based private equity firm, has acquired ServiceLogic as part of its continued expansion in the HVAC sector. The deal builds on a national platform of commercial heating and air conditioning companies that Bain Capital assembled last year. The acquisition represents a continuation of the firm's strategy to roll up fragmented HVAC businesses into a larger consolidated platform.American City Business JournalsL&H Airco acquired by Service Logic; Bain Capital backs dealL&H Airco, a Rocklin-based company, has been acquired by Service Logic, a national commercial HVAC platform. The acquisition is backed by private equity firm Bain Capital LP of Boston, which supports Service Logic as a growing platform in the sector. Further details about transaction terms or strategic implications were not available due to paywall restrictions.LinkedIn27 PE Platforms Are Buying U.S. HVAC Right Now. Most Owners Can Only Name Two.A 90-day data compilation identified 27 private equity-backed HVAC roll-up platforms actively acquiring businesses in the U.S. between January 2024 and April 2026, backed by sponsors including KKR, Blackstone, Apax Partners, Bain Capital, and Goldman Sachs Alternatives. Key anchor transactions include Champions Group to Blackstone at ~$2.5B enterprise value (~18.5x EBITDA), Redwood Services to Altas Partners at ~$1.1B (~17x EBITDA), and Service Logic to Bain Capital + Mubadala at ~$3.1B. The article notes most HVAC business owners only encounter 2-3 buyers through cold outreach rather than the full pool of 27 platforms plus search funders and family offices, and provides multiple tiers of valuation ranges from 2-4x SDE at the smallest scale to 18x+ for premium platform-scale acquisitions.Ctacquisitions2026 Plumbing PE Roll-Up Tracker: Active PlatformsCT Acquisitions published a verified tracker identifying 13 active PE-backed plumbing roll-up platforms in the U.S. with publicly disclosed plumbing-specific acquisitions between January 2024 and April 2026, sourcing data from press releases, SEC filings, and trade press. Sila Services (Goldman Sachs Alternatives) led 2025 deal volume with at least five disclosed plumbing add-ons, while major sponsor-to-sponsor recapitalizations included Champions Group to Blackstone (~$2.5B EV, ~18.5x EBITDA) and Service Logic to Bain Capital and Mubadala. The report notes platform-quality plumbing businesses trade at 6-11x EBITDA versus 3-8x EBITDA for add-ons, and that plumbing PE consolidation lags HVAC by approximately 18-24 months in pace and multiples.Arabian BusinessMubadala completes acquisition of Service Logic in partnership with Bain CapitalMubadala has completed its acquisition of Service Logic in partnership with Bain Capital. Service Logic employs over 5,000 technicians and offers localized service with a national reach.Gulf BusinessMubadala, Bain Capital acquire US HVAC services firm Service LogicAbu Dhabi’s Mubadala Investment Company and Bain Capital have acquired US-based commercial HVAC services firm Service Logic from private equity firm Leonard Green & Partners. Service Logic, headquartered in Charlotte with over 5,000 employees and 140 locations across North America, will continue to be backed by Bain Capital as it expands its national scale.Gulf BusinessMubadala, Bain Capital acquire US HVAC services firm Service LogicMubadala Investment Company and Bain Capital have acquired US-based Service Logic, a commercial HVAC services provider, from Leonard Green & Partners. Service Logic, headquartered in Charlotte, North Carolina, operates over 140 locations across North America and employs over 5,000 technicians, providing essential HVAC services.EntrepreneurMubadala, Bain Capital Complete Service Logic AcquisitionMubadala Investment Company and Bain Capital have completed the acquisition of Service Logic, a North America-based provider of commercial HVAC and building automation services, from Leonard Green & Partners. This transaction positions Mubadala and Bain Capital to support Service Logic's growth, capitalizing on its strong market presence and expertise. The investment is part of a broader strategy by Mubadala and Bain Capital to enhance value in essential services businesses.INTLBMMubadala partners with Bain Capital to acquire Service LogicMubadala Investment Company, in partnership with Bain Capital, has closed the acquisition of Service Logic, LLC, a commercial HVAC and building automation services company, from Leonard Green & Partners. Service Logic is headquartered in Charlotte, North Carolina, and operates over 140 locations across North America with more than 5,000 technicians. The transaction reflects Mubadala's strategy of investing in resilient, essential services businesses with growth potential.