Caymus Equity Partners LLC (“Caymus Equity”) announces the completion of its eighth platform investment. A group formed by Caymus Equity, including Caymus Equity, Centerfield Capital Partners (“Centerfield”) and management has completed the recapitalization of Temp-Con, LLC (“Temp-Con” or the “Company”). Headquartered in Olathe, KS, Temp-Con is a premier provider of heating, ventilation, air conditioning and refrigeration (“HVACR”) installations, maintenance and repair services in the greater Kansas City market.
Founded in 1989, Temp-Con has been a fixture in the marketplace for nearly 30 years, and ranks as one of the largest providers of HVACR installations, maintenance and repair services in the greater Kansas City area. The Company maintains differentiation through expertise in complex, energy-efficient HVACR systems and high-touch service. End-market users of Temp-Con’s services operate in a diverse set of industries, including government, healthcare, restaurants and commercial buildings.
The transaction provides Temp-Con with the necessary capital and resources to continue to provide high quality services to its existing customers and further grow its business through geographical expansion and future add-on acquisitions. Caymus Equity is excited to partner with the strong management team at Temp-Con and invest in a company with a track record of success in an attractive industry with significant growth opportunities.
Jerry Bain, Founder and CEO of Temp-Con, said, “This is an important transaction for Temp-Con to fuel our growth and further develop our position as the premier provider of HVACR installations, maintenance and repair services in our market. Caymus Equity’s strategic approach to creating value, along with a conservative balance sheet, positions the Company to rapidly scale in the coming years. We are excited to partner with Caymus Equity and Centerfield as we continue to grow the Temp-Con brand and expand into new territories.”
“We are proud to partner with Temp-Con and look forward to working with Jerry and the entire management team as they continue to grow their business. This transaction also marks the second time we have partnered with Centerfield and we look forward to continuing a relationship that has resulted in success in the past” commented Geoffrey Faux, Managing Partner at Caymus Equity. “Temp-Con has built an impressive business based on providing best-in-class service and execution to its customers. We are thrilled to support Temp-Con through its next phase of growth.”