Mobile Air, Inc. has been acquired by Tioga Air Heaters, LLC, the Minneapolis, Minnesota-based industry leader in the sale and rental of heating, air conditioning, and dehumidification systems. EdgePoint served as the exclusive financial advisor to Mobile Air. Terms of the transaction were not disclosed.
For over 25 years, Mobile Air has provided turnkey heating, air conditioning, filtration and dehumidification equipment rentals to commercial property owners and the construction market. Mobile Air operates nine locations throughout the Midwest, and has quickly become an industry leader through its technical expertise and proprietary product lines.
Headquartered in Minneapolis, Minnesota, Tioga Air Heaters was founded to manufacture and sell rugged industrial-grade heaters into the commercial construction, oil & gas, and mining markets. Today, the Company is a leading provider of heating, air conditioning, filtration, and dehumidification solutions throughout the U.S. Tioga Air Heaters is a portfolio company of Mangrove Equity Partners.
EdgePoint is a leading investment banking firm focused on providing middle market business owners with merger and acquisition advisory services.