NexCore, a commercial HVAC platform backed by Trinity Hunt Partners, has made a majority investment in Sylvester & Cockrum (S&C), a provider of commercial HVAC system services across the Southeastern United States.
The S&C addition continues NexCore’s momentum in the commercial HVAC services space, which began with the platform’s initial investment in Alliance Group.
Under the NexCore banner, the platform remains focused on partnering with like-minded businesses that provide maintenance-driven HVAC, electrical, controls, plumbing, mechanical and other facility service solutions for commercial clients. According to an announcement, NexCore is built to support its partner operating companies by investing heavily into people and technology and cultivating an industry-leading culture that prioritizes employee career growth and development.
“It has been gratifying to experience the traction NexCore has gained thus far, as we have thoughtfully positioned ourselves in the industry as a strategic partner who provides opportunities for sustained growth with a ‘do no harm’ approach,” said NexCore CEO Steve Knowles. “Our entire leadership team is honored to welcome S&C to the NexCore platform. The company’s strong reputation and demonstrated Southeastern market leadership fit perfectly within our values and strategy.”
S&C provides commercial HVAC, plumbing and electrical services to customers across North Carolina, South Carolina, Virginia, Georgia and Tennessee, serving as a single-source solution for facility maintenance and repair needs. The company’s expansive geographic footprint across the Southeast and experienced leadership team is said to provide opportunities to further build geographic density in the Southeast as NexCore scales.
“This is an exceptional partnership that brings to bear exciting resources for our team and customers,” said S&C President and CEO Louis Broyles. “We are fortunate to have found the dedicated leadership team at NexCore and partners in Trinity Hunt who are all committed to upholding our distinguished culture as we execute on the shared vision of adding to the platform’s geographic footprint and service capabilities.”
Terms of the transaction were not disclosed.
