Patriot Capital is pleased to announce a new subordinated debt and equity co-investment alongside Coltala Holdings, LLC in Trüdela Holdings, LLC. Patriot’s investment supported Trüdela’s acquisition of two companies, including Air Care Metro Energy Savers, Inc. (“Metro”) and Walker Air Conditioning & Heating, Inc. (“Walker”).
Located in the Dallas-Fort Worth metroplex, Metro and Walker are each full-service heating, ventilation, and air conditioning (HVAC) companies specializing in the replacement, repair, and maintenance of HVAC equipment. End markets include single-family homes, multi-family apartment complexes, and commercial businesses. Metro and Walker have each existed for more than 30 years and have developed strong brand recognition throughout the Dallas-Fort Worth area. Coltala Holdings originally partnered with the management team at Trüdela in 2018 with the strategy of building a leading HVAC platform through strategic acquisitions. The Trüdela management team collectively possesses more than 85 years of experience in the HVAC industry and is led by CEO, Paul Adams and COO, Eric Shaw.