St. Petersburg, FL – The Anderson Group, LLC has completed the acquisition of Schwenn Services & Contracting, Inc. (“Schwenn”), a leading provider of commercial HVAC and related services. The transaction was completed in partnership with Schwenn’s Founder and Chief Executive Officer, Jeff Schwenneker, and President, Jeffry Schwenneker, each of whom will retain a meaningful equity stake and continue their leadership roles in the business.
Founded in 2003, Schwenn is a specialty contractor with a reputation for delivering high-quality, responsive mechanical and electrical solutions to customers with critical temperature control needs. The company’s client base includes hospitals, financial institutions, data centers, schools, theme parks, and other commercial facilities across Florida. Schwenn’s recurring revenue model is supported by long-term relationships and ongoing service agreements with some of the region’s most respected institutions.
“We are thrilled to officially welcome The Anderson Group as our new business partner,” said Jeff Schwenneker Founder and CEO of Schwenn Services & Contracting. “We are excited to begin this new chapter and truly honored to be working with a team who shares our core values, vision, and commitment to excellence. Together, I’m confident we'll accomplish great things. Anderson's expertise and enthusiasm are already making a positive impact, and we look forward to the success and innovation our teams will create in the future.”
The Anderson Group’s investment in Schwenn will provide both funding and strategic guidance as the business reinvests in the talent and infrastructure required to meet significant unmet demand in the Florida market and pursue additional growth opportunities.
Justin Flood, Partner of The Anderson Group, added, “In our investments, we prioritize partnering with high-integrity, service-first leadership, which we found in Jeff, Jeffry and the rest of the talented Schwenn team. We are thrilled to partner with this highly effective team to execute on both organic and acquisition growth strategies and become the industry leading service provider in our expanding market.”
Schwenn’s operations will continue at their existing locations, and the Company will remain focused on critical service and installation work within its core commercial verticals. The Anderson Group looks forward to supporting the Schwenn team as they continue to build on their strong foundation and pursue long-term growth.
Finnea Group, Cherry Bekaert, and Taft provided transaction advisory, diligence, and related support for the acquisition, while Close Reach Consulting and ZKS Law served as advisors to Schwenn Services & Contracting.
About The Anderson Group
Founded in 1985, The Anderson Group is an operationally-oriented private equity investment firm focused on acquiring control positions in companies at the lower end of the middle market. Senior professionals at Anderson each have between twenty and thirty years of operational experience in various businesses and industries. Anderson specializes in three types of transactions: turnaround opportunities, special situation investments and recapitalizations. Though Anderson does not have a specific industry focus, it typically acquires businesses in the niche manufacturing, distribution or service industries. The Anderson Group is not an institutional fund; rather, it invests its own committed pool of capital. As such, Anderson is able to avoid investment approval processes, mandates and holding periods. Thus, Anderson can offer a faster approval/transaction process, certainty to close, flexibility in equity ownership and an ability to invest throughout the capital structure that other firms and funds often cannot. For more information about The Anderson Group, please visit www.andersongroup.com.