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Astar Heating & Air company logo
Corporation
INDUSTRIALS | Construction / Plumbing & HVAC
astarheating.com

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Portfolio Exits

1

About Astar Heating & Air

Astar Heating & Air specializes in furnace, air conditioning, plumbing, and fireplace products and services.

Headquarters Location

36 Wes Warren Dr.

Middletown, New York, 10941,

United States

845-692-4858

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Astar Heating & Air Web Traffic

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Page Views per Million (PVPM)
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Astar Heating & Air Rank

Latest Astar Heating & Air News

FMI Advises Petcosky & Sons Plumbing, Heating & A/C, Inc. in Acquisition to Astar Heating & Air, a Dubin Clark Portfolio Company

Apr 15, 2020

News provided by Share this article RALEIGH, N.C., April 15, 2020 /PRNewswire/ -- FMI Capital Advisors is pleased to announce the acquisition of the residential HVAC, plumbing and related assets of Petcosky & Sons Plumbing, Heating & A/C, Inc. ("Petcosky") by Astar Heating & Air, LLC ("Astar"). This is Astar's second acquisition since partnering with Dubin Clark. FMI Capital Advisors served as the exclusive financial advisor to Petcosky & Sons for this transaction. (PRNewsfoto/FMI Corporation) Founded in 1957, and headquartered in Vestal, New York, Petcosky is a third-generation family business and has 60+ years of experience in providing plumbing, heating, air conditioning, and air purification to single family homes primarily serving the Broome County and surrounding areas of New York State. The acquisition carved out the residential portion of the business, with the commercial HVAC, plumbing and fire services business remaining with the Petcosky family. "Via the acquisition of Auchinachie HVAC & Plumbing in October 2019, Astar gained an attractive beachhead in the greater Binghamton area," said Mike Hompesch, Partner of Dubin Clark. "The merging in of Petcosky represents a highly strategic and synergistic move that leverages Petcosky's strong reputation for service quality to create the leading provider in the area." "Astar is excited to welcome Petcosky's 60+ year history and highly-regarded employees to its team, and is looking forward to working in tandem to more effectively service its residential customer base," stated John O'Brien, CEO of Astar. "This acquisition is yet another leap Astar has taken toward creating a leading plumbing, heating, cooling, and home services provider in the region." About Astar: Founded in 1976 and headquartered in Middletown, New York, Astar is a leading provider of HVAC replacement, maintenance, and plumbing solutions to residential homeowners throughout the lower Hudson Valley region of New York. About FMI Capital Advisors: FMI Capital Advisors, a subsidiary of FMI Corporation, is a leading investment banking firm dedicated to the built environment. With more than 750 completed M&A transactions, our industry focus enables us to maximize value for our clients through our deep market knowledge, strong technical expertise and an unparalleled network of industry relationships. For more information visit https://www.fminet.com/investment-banking/ FMI Capital Advisors Contact:

Astar Heating & Air Portfolio Exits

1 Portfolio Exit

Astar Heating & Air has 1 portfolio exit. Their latest portfolio exit was Sila on May 28, 2021.

Date

Exit

Companies

Valuation
Valuations are submitted by companies, mined from state filings or news, provided by VentureSource, or based on a comparables valuation model.

Acquirer

Sources

5/28/2021

Acq - Fin

$99M

2

Date

5/28/2021

Exit

Acq - Fin

Companies

Valuation

$99M

Acquirer

Sources

2

Astar Heating & Air Acquisitions

2 Acquisitions

Astar Heating & Air acquired 2 companies. Their latest acquisition was Sila on September 01, 2020.

Date

Investment Stage

Companies

Valuation
Valuations are submitted by companies, mined from state filings or news, provided by VentureSource, or based on a comparables valuation model.

Total Funding

Note

Sources

9/1/2020

$99M

Acquired

3

11/11/2019

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$99M

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10

Date

9/1/2020

11/11/2019

Investment Stage

Companies

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Valuation

$99M

$99M

Total Funding

Note

Acquired

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Sources

3

10

Astar Heating & Air Team

2 Team Members

Astar Heating & Air has 2 team members, including current Chief Executive Officer, Chief Financial Officer, Chief Operating Officer, John P. O'Brien.

Name

Work History

Title

Status

John P. O'Brien

Chief Executive Officer, Chief Financial Officer, Chief Operating Officer

Current

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Name

John P. O'Brien

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Work History

Title

Chief Executive Officer, Chief Financial Officer, Chief Operating Officer

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Status

Current

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