Bain Capital, alongside Mubadala Investment Company, has acquired Service Logic, a leading provider of commercial HVAC services in North America, to support its next phase of growth and strategic expansion.

Target Information

Service Logic, based in Charlotte, NC, is a leading provider of comprehensive commercial HVAC and building automation services across North America. With over 140 locations and a workforce of more than 5,000 technicians, the Company specializes in essential services such as preventative maintenance, emergency service, unit replacement, and retrofit projects. Service Logic's high-touch, localized service model, combined with the scalability of national operations, allows it to effectively cater to thousands of customers across various industries.

The Company has a proven track record of successful strategic acquisitions and has built strong partnerships with local owner-operators, ensuring sustained growth. In December 2025, Service Logic announced its acquisition by Bain Capital, in collaboration with Mubadala Investment Company, transitioning from Leonard Green & Partners.

Industry Overview in the U.S.

The HVAC (Heating, Ventilation, and Air Conditioning) industry in the United States is experiencing robust growth, driven by increasing demand for energy-efficient systems and climate control solution