Acquisitionverified
CCMP-owned BGIS buys Pasco County's Millian-Aire Enterprises
What happened. BGIS, the global facilities-management firm owned by New York private equity firm CCMP Capital, acquired Millian-Aire Enterprises, a Pasco County commercial and residential HVAC company founded in 1993 by Howard Millian and his father Mike Millian with more than 100 employees. Co-CEOs Howard and Susan Millian said they 'needed a large strategic partner to help us grow to a whole new level' and had 'demand well beyond our ability to handle.' Hyde Park Capital advised the sellers and predicted the combination would become 'a dominant HVAC and facilities management company.' Terms were not disclosed.
Parties
- Company
- Millian-Aire Enterprises · Hudson, Pasco County
- Buyer
- BGIS
- Capital
- CCMP Capital
- Price
- Not disclosed
- Employees
- 100 at announcement
The name on the truckMillian-Aire Enterprises
Hudson, Pasco County
Operating ownerBGIS
Markham, ON
Capital behind it
CCMP Capital
New York, NY
What this kind of deal tends to mean for customers and staff: pricing · sales pressure · technicians · the exit clock.
Sources Verified — primary document
- Hyde Park Capital (2022-04-05) — press release. Primary announcement with founders, employees and quotes
- Tampa Bay Newswire (2022-04-08) — news. Local pickup
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