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BUSINESS PRODUCTS & SERVICES
air-serv.com

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Founded Year

1981

Stage

Acq - Fin - II | Alive

About AIR-serv Group

AIR-serv has partnered with convenience stores, gasoline stations, and car washes to provide convenient, reliable tire inflation and vacuum services to the driving public. Today, as the industry leader with more than 65,000 locations, it has the most extensive, expert distribution and service network in the coin-operated tire inflation and vacuum industry.In May 2013, AIR-serv Group was acquired by Pamplona Capital Mangement. The valuation of AIR-serv Group was undisclosed. Other terms of the deal were not released.

AIR-serv Group Headquarter Location

1370 Mendota Heights Road

Mendota Heights, Minnesota, 55120,

United States

651-454-0465

Latest AIR-serv Group News

Pamplona Capital Management Creates CSC ServiceWorks

May 16, 2013

Pamplona Capital Management Creates CSC ServiceWorks May 16, 2013 By Angela Sormani Pamplona Capital Management has acquired Coinmach Service Corp, a multi-family laundry service provider, and AIR-serv Group, a provider of pay air services for automobile tire inflation in North America. The acquisitions, with a transaction value of $1.4 billion, creates a new company, CSC ServiceWorks, Inc. PRESS RELEASE Coinmach is the largest supplier of outsourced laundry equipment services for multi-family housing properties in the United States. The company services approximately seven million individual housing units in 45 states. AIR-serv, which provides pay air services to gas stations and convenience stores, will become a wholly owned subsidiary of CSC and maintain the brand name AIR-serv in select markets. CSC will have a workforce of over 2,250 dedicated professionals, and will service nearly 1 million air and laundry systems throughout North America and Europe. Robert M. Doyle, Chief Executive Officer of CSC, will lead the new company along with the existing management team from AIR-serv. The transaction was financed by a $795 million first lien term loan, as well as a $325 million second lien term loan that was fully underwritten by Pamplona. “Pamplona is excited to partner with Bob Doyle and his world-class team. With the combined company’s new and flexible capital structure, we look forward to supporting the company’s growth strategy, including future acquisitions, in both the laundry and air service lines” said Robert Warden, partner at Pamplona Capital Management. “We are thrilled to partner with Pamplona in launching CSC ServiceWorks,” said Robert M. Doyle, CEO. “Through this partnership, and with the addition of AIR-serv, we are able to accelerate our vision of building a world-class, diversified, route based service organization. We are excited to offer our customers a single, fully integrated platform combining the resources of two respected industry leaders with distinct yet complementary attributes.” © 2015 Buyouts Insider / Argosy Group LLC

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