Mubadala Investment Company, in partnership with Bain Capital, has successfully acquired Service Logic, a company focused on comprehensive heating, ventilation, and air conditioning (HVAC) services for the commercial sector, as well as building automation. This acquisition was finalized from Leonard Green & Partners.
With this acquisition, Mubadala and Bain will continue to support Service Logic in its next phase of growth.
### A Leading Platform
Zuhair Raqaqi, Head of Industries and Business Services at Mubadala, highlighted the significance of the collaboration between Mubadala, Bain, and the Service Logic team during this pivotal stage in the company’s journey. He emphasized that Service Logic has successfully developed a leading platform known for its exceptional services, advanced technical expertise, and strong client relationships. He noted that this investment reflects Mubadala’s confidence in the company’s ability to achieve sustained growth and its strategy that backs firms providing essential, resilient services.
As a result of this acquisition, Service Logic joins Mubadala’s extensive portfolio of service platforms, which includes brands such as Imperial Dade, U.S. LBM, Frontline Road Safety, Dealer Tire, Guidehouse, and Harrington Process Solutions.
Service Logic is headquartered in Charlotte, North Carolina, and operates from 140 locations across North America, specializing in commercial HVAC services. These services include preventive maintenance, emergency services, unit replacements, and upgrade and renovation projects.
With a network of over 5,000 technicians, Service Logic combines high-quality local service with nationwide coverage, making it a reliable partner for thousands of clients across various sectors and regions.