NEW YORK– Ardian, a world-leading private investment house, today announced that its North America Fund team acquired a majority stake in Tom Barrow Company, a market-leading provider of commercial HVAC solutions in the US Southeast. The management team and founding family will continue to own a meaningful minority share of the business.
Led by Mike Shea, Chief Executive Officer, Tom Barrow is a leading supplier of design-assist engineering and manufacturers’ representation services to the commercial HVAC industry across healthcare, life sciences, education, government, industrial and other commercial end markets. It offers a comprehensive range of HVAC product lines, including custom air handling units, packaged equipment, precision cooling equipment, air distribution, fans, sheet metal products and a variety of other specialty applied equipment and commercial components.
Tom Barrow works with clients to deliver solutions ranging from heating, cooling, filtration, Indoor Air Quality, energy efficiency and ventilation. Through its design assist capabilities, Tom Barrow works with architects, mechanical engineers, building owners and contractors at the outset of the engineering and design process and offers support throughout the HVAC product lifecycle.
Founded in 1955 and headquartered in Atlanta, Georgia, the company has ten locations across Georgia, Florida, Tennessee and Alabama, with approximately 240 employees. It has experienced several years of strong growth, driven by both increasing share in existing markets and expanding into new geographies. Tom Barrow also services customers in some of the most technically demanding end markets including hospitals, clean room manufacturing facilities and education. Additionally, it specializes in developing energy-efficient HVAC systems, an increasing priority for commercial building owners. It also works with customers to retrofit less efficient HVAC systems in existing buildings with newer energy-efficient systems.
