Pickwick Capital Launches Practice to Support Clients in the Rapidly Transforming HVACR Market

(White Plains, NY; Jan. 15, 2019) The massive, global HVACR (Heating, Ventilation, Air Conditioning and Refrigeration) sector is responding to trends including the technology requirements of smart buildings, imperatives to reduce carbon outputs and water inputs, and the need for advanced systems to support healthcare and high-tech production facilities. In addition, competitive pressures are driving consolidation in the market, including cross-border. Pickwick Capital Partners will help meet the M&A and financing needs of lower-middle market companies in the sector with its new HVACR investment banking team.

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(White Plains, NY; Jan. 15, 2019) The massive, global  HVACR (heating, ventilation, air conditioning and refrigeration) sector is responding to trends including technology requirements of smart buildings, imperatives to reduce carbon outputs and water inputs, and the need for advanced systems to support healthcare and high-tech production facilities. In addition, competitive pressures are driving consolidation in the market, including cross-border. Pickwick Capital Partners will help meet the M&A and financing needs of lower-middle market companies in the sector with its new HVACR investment banking team.

​The team is led by managing director Leonard LaPorta, who brings 30 years of experience in manufacturing, operations and investment banking. Prior to joining Pickwick, Mr. LaPorta’s focus included cross-border M&A transactions in the manufacturing and industrial sectors for investment banks including Oberon Securities, Capstone Headwaters and Cypress Associates. His notable transactions included advising BDR Thermea, a large Dutch company, in its acquisition of ECR International, which positioned BDR as one of the top players in the U.S. heating market. Mr. LaPorta’s focus on highly-engineered capital equipment manufacturing was evident when he advised Lapmaster on its acquisition of Peter Wolters, which earned M&A Advisor and Atlas Award recognition as the 2014 Cross-Border Deal of the Year winner in the category of Corporate/Strategic Acquisition between $50 to $100 million.

“We provide owners of middle-market HVACR companies with the sophisticated advisory services they need to accomplish their strategic goals in this complex market,” said Mr. LaPorta. “This includes companies in the air filtration, chillers, temperature control, filtration media, heating, industrial filtration and cold chain sectors.”

​“By pairing industry experts such as Mr. LaPorta with our national team of transaction and capital markets experts, we can provide superior services to the owners of exceptional lower-middle market companies in the HVACR sector,” said Doug Greenwood, president and founder of Pickwick Capital, “this includes supporting closely held or family-owned businesses.”
 
Previously, Mr. LaPorta was an owner-operator of a precision contract manufacturing firm focused on highly-engineered components for the medical device and aerospace sectors; he sold his company in 2006. Mr. LaPorta served for six years as a Surface Warfare Officer in the U.S. Navy.  He earned a BS in physical science from the U.S. Naval Academy and an MBA from Boston College.
 
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About Pickwick:  An SEC-registered, FINRA-member broker-dealer, Pickwick Capital Partners, LLC is headquartered outside New York City with offices across the  United States. It provides M&A and capital-raising advisory to lower-middle market companies and marketing services for alternative investment funds.  
www.pickwickcapitalpartners.com 
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Contact: Cynthia de Jong │ Director, Business Process Management
dejongc (at) pickwickcapital.com