Founded in 1990, Team Air is privately owned and headquartered in Nashville, Tennessee. The company has six locations. Product lines include American Standard, Ameristar Heating and Air Conditioning, and Mitsubishi HVAC. Team Air also offers parts, supplies, and accessories sourced from 120 vendors.

“At Team Air, we’ve always been committed to being the best partner possible to each and every customer,” said Jeff Wallace, Team Air president and CEO, in a press release. “When the search began to find the best possible partner for Team Air, it was of vital importance to find one with the same values, commitment to excellence and willingness to help us achieve our goals to expand into new geographies and take advantage of opportunities as quickly as possible. From the moment we met the team at Kian, it was obvious that they believed in backing the business as well as the people who make it happen every day.”

Wallace will continue to lead Team Air and will maintain an equity stake alongside Kian. Other investment partners supporting the transaction include Barings, Everside Capital Partners, LNC Partners, and MSouth Capital.

“This transaction is a significant step forward for Kian, representing the first platform investment out of our recently announced third fund and a continued focus on value-added distribution as a focus sector of the firm,” said Kevin McCarthy, a co-founder and partner at Kian. “Team Air is an ideal fit within Kian’s strategy of applying our team’s operational expertise in partnership with outstanding management teams to scale high-performance companies that will define their industries.”