Successful Acquisition: PKF Investment Banking Facilitates Sale of Technical Air Systems to AIR Control Concepts

In a significant move within the HVAC industry, PKF Investment Banking, a subsidiary of PKF O'Connor Davies Advisory LLC, has successfully orchestrated the sale of Technical Air Systems, Inc. to AIR Control Concepts, a portfolio company of Blackstone. This transaction, announced on February 19, 2026, marks a pivotal milestone for both companies, emphasizing PKF's continued expertise in the HVAC sector.

Technical Air, based in Morristown, New Jersey, is a regional manufacturer’s representative in the HVAC field, known for its engineering sales and marketing support across various applications. Since its inception in 1994, Technical Air has built strong relationships with mechanical contractors, design engineers, and construction managers throughout the New York and New Jersey markets, playing a crucial role in numerous notable projects, particularly in healthcare, education, and prominent commercial installations.

Robert Murphy, Partner at PKF Investment Banking, expressed his enthusiasm about this deal, stating, “We’re delighted to have acted as the exclusive financial advisors to Technical Air on this important milestone. This transaction highlights our growing knowledge and capabilities in the HVAC industry.” His remarks underline the complexities involved in successfully navigating the sale of an Employee Stock Ownership Plan (ESOP) company, a process that PKF has adeptly handled.

AIR Control Concepts, headquartered in Norfolk, Virginia, operates across 35 states and Canada with a network of over 40 operating companies. They employ over 2,000 associates, shining a spotlight on their national presence while retaining the entrepreneurial culture of each operating company. This acquisition positions AIR as the ideal strategic partner for Technical Air, enhancing their operational capabilities and growth potential.

“We are confident that AIR Control Concepts is the right strategic partner at this stage of our company’s evolution,” stated Paul Scheele, President of Technical Air. He further emphasized that the guidance received from the PKF team was invaluable during this transitional phase, indicating the importance of having experienced advisors by their side.

The successful conclusion of this transaction not only reflects the capabilities of PKF Investment Banking but also showcases their adeptness at identifying optimal partners for client companies. In an industry as competitive as HVAC, having the right network and strategic partnerships is key to achieving long-term success and resilience.

PKF Investment Banking has made its mark with over 300 mergers and acquisition engagements, focusing on lower middle market companies across diverse sectors such as industrial services, consumer goods, and food and beverage. Their commitment to enhancing transaction certainty and maximizing value for business owners is evident in this successful sale.

In conclusion, the acquisition of Technical Air Systems by AIR Control Concepts underscores the strategic moves being made within the HVAC industry, illustrating how expert financial guidance can facilitate significant transactions while positioning companies for future success in a rapidly evolving market. With robust partnerships like this, the future looks bright for both Technical Air and AIR Control Concepts as they embark on the next phase of their journey together in this critical industry.