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Gamut Capital Management Announces Acquisition of Airtron Heating & Air Conditioning

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Gamut Capital Management Announces Acquisition of Airtron Heating & Air Conditioning
Airtron Heating & Air Conditioning

New York: Gamut Capital Management, a New York-based private equity firm, has signed a definitive agreement to acquire Airtron Heating & Air Conditioning from NRG Energy, Inc. Airtron is a leading provider of HVAC systems design, installation, and maintenance, particularly in residential new construction, with a significant presence across 13 metropolitan areas in Texas, the Midwest, and Mid-Atlantic regions. 


Airtron was previously acquired by NRG in 2021 as part of its larger acquisition of Direct Energy. Despite being under the ownership of larger corporate organizations, Airtron has largely functioned as an independent entity, maintaining its operational autonomy. This independence has allowed Airtron to build strong partnerships with homebuilders nationwide, offering a wide range of products from major HVAC brands and comprehensive maintenance services. Jeff Morrow, who has led Airtron since 2019, will assume the role of CEO. Financial terms of the deal were not disclosed, and the acquisition is subject to customary closing conditions. 


Source: Gamut Capital 

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