Apogee Equity Partners Announces Sale of Franklin Heating Cooling & Refrigeration, Inc.

COLUMBIA, SC (January 15, 2024) – Apogee Equity Partners, a leading Mergers and Acquisitions advisory firm for privately held businesses, is pleased to announce the successful sale of its client, Franklin Heating Cooling & Refrigeration, Inc., to Timmerman Capital, a Columbus-based investment firm. The acquisition was completed on December 28th, 2023.

Franklin Heating Cooling & Refrigeration, a trusted name in Central Ohio for nearly 30 years, is renowned for its expert service, maintenance, and installation of heating, air conditioning, and commercial refrigeration equipment. Their commitment to quality, integrity, and customer satisfaction has earned them a loyal following across 25+ cities in the region.

“We are incredibly proud to have represented Franklin Heating Cooling & Refrigeration in this strategic transaction,” said David Yezbak, President at Apogee Equity Partners. “Their dedication to excellence and strong reputation within the HVAC industry made them an ideal candidate for acquisition, and we are confident that they will continue to thrive under Timmerman Capital’s leadership.”

Mohammad Ehaab, Partner at Timmerman Capital and incoming CEO of Franklin Heating Cooling & Refrigeration, expressed his excitement for the new chapter. “I am honored to lead such a talented and dedicated team, and I look forward to the incredible journey ahead.” said Ehaab.

The successful sale of Franklin Heating Cooling & Refrigeration is a testament to Apogee Equity Partners’ deep understanding of the HVAC market and its unwavering commitment to delivering exceptional outcomes for its clients.

About Apogee Equity Partners

Apogee Equity Partners is a boutique Mergers and Acquisitions advisory firm specializing in the middle market. With a proven track record of success and a deep understanding of the HVAC market, Apogee provides comprehensive guidance and support throughout the entire transaction process. Apogee Equity Partners is a boutique Mergers and Acquisitions advisory firm specializing in the middle market. We partner with business owners to navigate the complex sale process, ensuring they achieve optimal results and secure a successful transition into the next chapter. Our team of experienced professionals brings a wealth of knowledge and strategic insight to every transaction, ensuring our clients receive the highest level of service and guidance.