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Climatec Acquired by Robert Bosch

Monday, February 23, 2015

Climatec

William Blair & Company acted as the exclusive financial advisor to Climatec, a portfolio company of Pegasus Capital Advisors, in connection with its sale to Robert Bosch GmbH. The transaction closed on January 6, 2015 and represents William Blair’s 16th commercial services transaction in the last three years.

Transaction Highlights

  • Deep sector knowledge:  William Blair leveraged its deep commercial services sector expertise to articulate Climatec’s unique value proposition, growth opportunities, and service offering.
     
  • Execution excellence:  William Blair’s deal team developed creative solutions addressing rapidly evolving company and process dynamics that were effectively communicated to maximize value. William Blair developed a strategic-only process that capitalized on Climatec’s unique market niche to drive Bosch to an outlier value.
     
  • Highly strategic acquisition:  The acquisition of Climatec will serve as a service-level beachhead for Bosch in the U.S. market and a platform to expand its integration services offering globally.
     
  • Trusted guidance:  Hands-on involvement from the senior banking team helped navigate final negotiations, which resulted in an exceptional outcome.

About the Companies

Founded in 1975, Climatec is a leading provider of advanced building technologies and energy efficiency solutions. It serves building owners across nearly all market segments including education, health care, office, hospitality, industrial, federal, state, and local government. Climatec’s automation and efficiency solutions improve building comfort and deliver significant energy and operational savings. Its life-safety and security solutions create productive environments that protect building occupants and business assets. Climatec is based in Phoenix with offices across Arizona, California, Nevada, and Texas, and has over 600 full-time employees.

The North American Bosch Group manufactures and markets automotive original equipment and aftermarket solutions, industrial drives and control technology, power tools, security and communication systems, packaging technology, thermotechnology, household appliances, healthcare telemedicine, and software solutions. Having established a regional presence in 1906, Bosch employs 24,600 associates in more than 100 locations.

Pegasus Capital Advisors, L.P. is a private equity fund manager that has been providing creative capital and strategic solutions to companies across a variety of industries since 1996. Pegasus partners with management teams of growth companies, with a focus on those that benefit from the business implications of global resource scarcity. Sectors where this trend is most pronounced are food, water, energy, health and wellness, and security. Pegasus currently manages approximately $2.0 billion in assets.

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