Generational Equity Advises Wood Air Conditioning in its Sale to The Midway Companies

By Generational Equity

10/29/2021

Generational Equity, a leading mergers and acquisitions advisor for privately held businesses, is pleased to announce the sale of its client, Wood Air Conditioning, Inc., to Midway Mechanical Services, a member of The Midway Companies’ family of companies. The acquisition closed October 12, 2021.

Located in Mount Pleasant, Texas, Wood Air Conditioning (WAC) began in 1957, serving a 4-county area. The Company has grown into one of the largest HVAC companies in East Texas. The Company provides residential and commercial air conditioning installation and service to primarily the Mount Pleasant and Titus County area of Texas. The Company has also completed projects in several other states as well.

Midway Mechanical Services (MMS), located in Draper, Utah, is a leading commercial HVAC and Refrigeration company that is expanding rapidly throughout the Western United States. The Company provides maintenance, repair, installation, and construction services with primary focus on HVAC, Refrigeration and Hot Side. MMS is a growing family of some of the best and most respected commercial HVACR companies in the west.

The Midway Companies (TMC), located in Midway, Utah, is a family of companies, built and run by like-minded entrepreneurs and operators, and backed by long-term minded, flexible, and patient partners. The Midway Companies care deeply about your business, legacy, and employees, and they want to build for decades. TMC puts stakeholders, especially management, first. They love businesses that are enduring and have sustainable value. Their goal is for you and your business to find your forever home within The Midway Companies.

Generational Equity Executive Managing Director, M&A-Technology Practice Leader, David Fergusson, and his team, led by Senior M&A Advisor, Gene Gall, with the support of Managing Director, M&A, Alex Mironov, successfully closed the deal.

“We were determined to find our client a solid fit. There were a lot of moving parts, communication was key, and it was exciting to see the pieces fall into place,” said Gall.