Gamut Capital Management has signed an agreement to acquire Airtron Heating & Air Conditioning from NRG Energy, aiming to expand Airtron’s growth and service offerings in the HVAC industry.

Information on the Target

Airtron Heating & Air Conditioning, a premier designer, installer, and maintenance provider for heating, ventilation, and air conditioning (HVAC) systems, has established itself as a formidable player in the residential new construction HVAC sector in the United States. The company operates across 13 metropolitan statistical areas (MSAs) in Texas, the Midwest, and Mid-Atlantic regions, making it one of the largest providers in its field. Airtron has gained the trust of homebuilders nationwide, owing to its extensive range of products that include all major HVAC brands as well as its robust service capabilities. In addition to installation, Airtron offers ongoing maintenance services, thereby ensuring coverage for its consumers throughout the entire lifecycle of their HVAC systems.

Airtron was acquired by NRG Energy, Inc. in 2021 as part of its acquisition of Direct Energy. Despite being owned by larger corporate entities, Airtron has largely operated independently, enabling it to maintain its market focus and service offerings. Jeff Morrow, who has been a key part of the Airtron team for over two decades, will continue to lead the company as CEO, guiding it into its next growth phase.

Industry Overview

The HVAC industry in the United States is experiencing robust growth, driven by the increasing demand for energy-efficient systems and enhancing indoor air quality. With stringent regulations surrounding energy efficiency and environmental excellence, HVAC providers are