Stamford, CT, June 3, 2021: TrueNorth Capital Partners LLC is pleased to announce that its wholly-owned subsidiary, TNCP, LLC (“TrueNorth”) acted as exclusive M&A advisor to Granite Comfort LP (“Granite Comfort” or the “Company”), a leading residential HVAC and plumbing company and a portfolio company of Tiger Infrastructure Partners, on its acquisition of Green Air Care.

Green Air Care, a residential HVAC company serving the Chicagoland metropolitan area, will join Raleigh-based Air Experts, Dallas-based Frymire Home Services and Philadelphia-based Signature HVAC as the fourth member of the Granite Comfort organization.

Green Air Care is a professional heating, cooling, and air duct cleaning company specializing in the installation and maintenance of air conditioners, furnaces, indoor air quality systems, and residential and commercial air duct cleaning. Green Air Care was founded over a decade ago by Larry Kichatay and Erik Babayev in Buffalo Grove, Illinois and has been locally owned and operated.

Granite Comfort invests in and partners with leading residential HVAC and plumbing businesses by deploying a unique leasing strategy called EASE Comfort®. With no upfront cost to the customer, EASE Comfort allows customers to lease energy efficient HVAC systems for one low monthly payment—while saying goodbye to unexpected, expensive repairs, labor fees, installation charges, seasonal maintenance or filter costs, parts and overtime fees, worries, hassles, and headaches. The Company, founded in 2019 by industry veteran Alex Black and Tiger Infrastructure Partners, has completed four acquisitions and now operates in Dallas, Raleigh, Philadelphia and Chicago. Granite Comfort’s partners continue to operate under their respective brands.

“The acquisition of Green Air Care expands Granite Comfort’s footprint into our fourth geographic market,” said Alex Black. “We have been searching for the right partners in Chicago, the third largest market in the United Sates, and are excited to have Erik and Larry and their staff join the Granite Comfort team as we continue to grow. Green Air Care is a strong HVAC and air purification company with tremendous entrepreneurial spirit.”

Larry Kichatay, President of Green Air Care, said: “Partnering with Granite Comfort will allow us to adopt best practices and differentiate ourselves by offering our customers the unique EASE Comfort lease products. With a strong focus on customer service, our Green Air Care team will provide our customers with the most comprehensive HVAC replacement options in the industry.” Mr. Kichatay and Mr. Babayev will continue in their current positions as President and Installation Director of Green Air Care, respectively, post-transaction.

David Reilly, Managing Director of TrueNorth, led the TrueNorth team on the transaction.

Further inquiries can be directed to TrueNorth at the contact information provided below:

David Reilly, Managing Director
Direct Dial Phone Number (203) 817-0282
E-mail address: dreilly@truenorthcp.com

About TrueNorth Capital Partners LLC:
TrueNorth provides advisory services to companies seeking advice for middle-market M&A and financing transactions. With offices in Stamford, CT; Charleston, SC; Central, NJ; Naples, FL; Minneapolis, MN; Kansas City, KS and London, UK, TrueNorth is a boutique investment bank comprised of senior bankers providing a full complement of financial advisory services. Our focus on middle-market sized transactions enables us to provide independent, value-added advisory services to privately held companies, private equity and family office groups and corporate clients, both domestic and international, across a broad range of industries. TrueNorth conducts its securities related business through its wholly owned subsidiary, TNCP, LLC, member FINRA/SIPC.

About Scout Valuations LLC:
Scout Valuations, a wholly-owned subsidiary of TrueNorth, is fully dedicated to business valuation. We provide thorough, independent valuation analyses together with superior client service and responsiveness. Our analyses combine a detailed understanding of the business, industry and economic context, with the insight to address complex valuation issues regarding your business.