Apogee Equity Partners facilitates the sale of Columbus, OH-based HVAC company
March 12, 2024
Timmerman Capital, a Columbus-based investment firm, announced the completion of its acquisition of Franklin Heating Cooling & Refrigeration, Inc., a leading HVAC repair and installation service company located in Central Ohio. Apogee Equity Partners, based in Columbia, SC, served as advisor to Franklin Heating Cooling & Refrigeration.
“Franklin Heating Cooling & Refrigeration is known as the go-to company to meet heating, cooling, and refrigeration needs across 25+ cities in Central Ohio. The team’s expertise and commitment have not only built a reputable business but have also set the stage for the next chapter in our journey,” said Mohammad Ehaab, Partner at Timmerman Capital who will serve as Franklin Heating Cooling & Refrigeration’s CEO. “I am honored to lead such a talented and dedicated team, and I look forward to the incredible journey ahead.”
Advisors Ice Miller and RKG Business Growth Advisors, served as lead counsel and financial diligence advisor to Timmerman Capital, respectively. Pioneer Capital Advisory advised Timmerman Capital throughout the SBA loan process.
About Franklin Heating Cooling & Refrigeration
In operation since 1994, Franklin Heating Cooling & Refrigeration, Inc. is widely recognized for expert service, maintenance, and installation of heating air conditioning, and commercial refrigeration equipment. Services include furnaces, heat pumps, boilers, ductless mini-splits, pool dehumidifiers, among many others.
About Timmerman Capital
Located in Columbus, Ohio, Timmerman Capital specializes in acquiring privately-held companies celebrated for their world-class quality and top-tier brand reputation. Their expertise extends to orchestrating seamless transitions for business owners, whether they’re aiming to exit or scale. Beyond acquisition, they provide essential sales, marketing, and strategic guidance to propel each business to its fullest potential.
