Next Chapter M&A | Home System Overview Air Control Hub
Buyer Dossier

Grey Mountain Partners

Prepared for Air Control
Type: PE Asheville, NC
Air Control • Fred Lowry • HVAC • 3000000.0
March 29, 2026

Approach Strategy

CALL OPENER

**"Grey Mountain built 48forty from a regional pallet company into a 2,400-employee national platform before exiting to Audax in December 2020 — that's exactly the kind of fragmented-services rollup playbook that maps to HVAC in the DC metro."** | **"Your investment criteria page says you target family-held businesses and management transitions with up to $75 million in equity — Air Control fits that profile, and McLean gives you a foothold in one of the highest-density commercial HVAC markets in the country."** | **"Beth Lesniak has been with the firm since 2009 and was promoted to Managing Director in 2018 specifically for her work managing portfolio companies and sourcing new deals — she'd be the right person to evaluate an operationally intensive services business like this."**