Enviro-Serv Announces Intent to Purchase Above Air Inc. Air Conditioning
Above Air focuses on residential and light commercial service, replacement, and preventative maintenance
TAMPA, Fla. — Enviro-Serv Inc., which targets highly profitable small service companies in the commercial and residential property maintenance industry, announced that it is in the final stages of discussion to purchase Above Air Inc. Air Conditioning.
“This is the first purchase of its kind for Enviro-Serv and a huge milestone for the company,” said Chris Trina, CEO of Enviro-Serv. “We’ve been pushing hard for a long time as many shareholders are aware and this being our first transaction of the New Year is a big step for the company. Final negotiations are ongoing on numerous items pertaining to the definitive purchase agreement being agreed upon but we are extremely confident in our ability to reach this milestone in fairly short order. Above Air A/C ended 2015 with approximately $1.5 million in revenue and was net profitable. They have grown around 10 percent annually over the last three years and service over 1,000 clients. Mr. Chris Marino, founder and president of Above Air, has committed to staying onboard for approximately one to two years for transitioning which makes this opportunity that much more enticing. He’s a true winner and a welcome addition to our team.”