Sterling Investment Partners Completes Sale of Service Logic to Warburg Pincus

 
July 31, 2017

Dechert LLP advised HVAC Holdco, LLC, an entity controlled by private equity firm Sterling Investment Partners, in its sale of Service Logic, the largest provider of aftermarket maintenance, repair and replacement services for commercial HVAC equipment, to affiliates of private equity firm Warburg Pincus. Terms of the transaction were not disclosed.

Sterling Investment Partners is a private equity firm that has been investing in and building middle-market companies for over 25 years with a highly experienced, cohesive team of senior investment professionals. Over its history, Sterling has completed over 140 transactions, representing $12.7 billion in transaction value.

The Dechert team that advised on the transaction included corporate partners Scott Zimmerman, Derek Winokur and Gareth Clark, and corporate associates Jake Greenberg, Reeba Muthalaly, Mayan Katz, Tarek El Erian and Tim Grosso; employee benefits partners David Jones and Eric Rubin, and employee benefits associates Sarah Burke, Andrew Braid and Michael Binko; tax partner Dan Dunn, and tax associate Ken Wang; antitrust partner James Fishkin, and antitrust associates Beverly Ang and Blair Kuykendall; IP counsel Violetta Kokulus, and IP associate Alan Wang; labor counsel Ian Downes, and labor associate Jeff Rubin; environmental partner Abbi Cohen, and environmental counsel John Ix; global finance partner Sam Koplik, and global finance associates Ben Leese and Angelina Liang; litigation partner Neil Steiner; real estate counsel Francois Quintard-Morenas; and international trade associate Hrishikesh Hari.

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