Recent Add-On Acquisitions

North Haven Capital is pleased to announce two new add-ons for portfolio companies

Interstate Fire Protection and Gagnon Heating & Air Conditioning

Interstate Fire Protection (IFP), acquired by NHC in 2021, is a regional industry leader, serving customers in the Northeast since 1981, and has established strong relationships in both fire protection and detection and alarm industries, based on its proven expertise and dependable service. The Company implements effective fire protection solutions for a variety of customers, ranging from small pre-engineered systems to multi-hazard clean agent systems protecting costly equipment. IFP has deep systems expertise in several end markets: gas stations, food processing, manufacturing, telecommunication, power generation, forestry, marine terminals and vehicles.

Advanced Fire Protection Services (AFPS), specializing in fire sprinkler system installation, inspection and 24/7 maintenance, was founded in 1986, by a retired Fire Chief with over thirty years of service. Over the years the Company has earned a reputation for integrity and reliability. The Company’s established client base and market standing greatly enhances IFP’s service packages.

While each company’s values not only mirror one another, making the merger a natural fit, their, complimentary specialties allow for a more complete and competitive offering of fire protection solutions to their customers. 

General Manager of IFP, Lance Flagg said, “The addition of Advanced Fire Protection gives IFP the ability to provide fire sprinkler services across Maine, a capability we have not previously offered. Dean Campbell, his son Zak, and their team will continue to lead the sprinkler business within Interstate, ensuring continuity for their customers while also expanding our services to include sprinkler support for our existing customer base in Maine. Their service-driven approach and deep expertise make them a perfect fit as we continue to grow and strengthen our mission of protecting people, property, and businesses throughout New England.”

NHC HVAC Acquisitions portfolio expands upon its initial acquisition of Gagnon Heating & Air Conditioning (Gagnon), based in Bridgton ME, with its second acquisition of Enertec Heating & Cooling (Enertec), located in Portland ME.

Gagnon, founded in 2021, and acquired by NHC in April of this year, is a full-service heating and air conditioning company specializing in renewable energy sources, geothermal, radiant heat, heat pumps, boilers and central air systems. The Company is the top geothermal installer in Maine, and serves residential and small commercial customers.

Enertec, was founded in 2014 and boasts over twenty years of service, operates in the residential HVAC segment providing heat pump evaluations, installations and post-installation maintenance and repair services in southern Maine.

The synergy between Gagnon and Enertec, including combined operating experience, broadening of existing sales markets, and implementation of a dedicated service structure, will promote growth through optimized resource allocation and technology enhancements across the board.

NHC HVAC Acquisitions is dedicated to bringing together highly respected companies in the residential and small commercial trades throughout the Northeast to support it home services growth goals. 

Matt Bresnahan, CEO of NHC HVAC Acquisitions, said, “We are extremely excited to be bringing great companies like Gagnon Heating & Air Conditioning and Enertec Heating and Cooling together. The expanded reach, capabilities and proximity to new and existing customers will further support the world class installation and services that these companies have established in their respective communities. Growing our footprint and service offerings isa key element in our strategic growth plan as a leader in home services for customers throughout Maine and beyond.”

About North Haven Capital

NHC, founded in 2021 is a multi-family office backed private investment group that invests in dynamic, lower middle market family and owner-operator businesses in the Northeast. To maximize shareholder value, the firm utilizes small business values while providing capital resources and proprietary networks to help its businesses achieve growth and profitability potential. With NHC’s long-term investment horizon, they focus primarily on control acquisitions of businesses with a proven track record of success.

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