CMS/Nextech, LLC

CMS/Nextech, LLC specializes in comprehensive commercial HVAC and refrigeration services, primarily targeting multi-site commercial clients across the United States while ensuring minimal downtime for operational efficiency. CMS/Nextech, LLC was founded in 1992 and operates out of Melbourne, US. The company focuses on providing HVAC and refrigeration solutions, and has adapted its services to meet the evolving needs of its clientele. The company is led by CEO Luis Orbegoso and Muhammad Zafar.

In June 2021, CMS/Nextech was the target of an investment from Audax Group, though financial terms were not disclosed. Nextech provides comprehensive commercial HVAC and refrigeration services primarily targeting multi-site commercial customers across the United States. The company specializes in the maintenance and installation of a diverse range of commercial kitchen equipment, ensuring that clients experience minimal equipment downtime, which directly supports customer profitability. Nextech's core offerings include preventative maintenance programs that enhance the operational efficiency of HVAC and refrigeration systems, as well as emergency repair services available 24/7.

The company’s proprietary software, Facili-Trac, enables facility managers to efficiently track HVAC/R expenditures and optimize capital planning decisions. Nextech serves a wide clientele, including Fortune 500 companies and large enterprises in various sectors, with a strong presence in metropolitan markets nationwide. Nextech generates revenue through a structured business model that includes direct service contracts, preventative maintenance agreements, and emergency service responses. These services are typically offered through a B2B framework, where the company partners with large-scale commercial clients who require ongoing support for their HVAC and refrigeration needs.

The transaction structure includes fixed-price contracts for preventative maintenance services and variable pricing for emergency repair services, reflecting the urgency and complexity of the work required. This approach secures stable revenue streams and fosters long-term relationships with clients by providing tailored maintenance and energy savings programs. Through this robust service offering, Nextech establishes a consistent revenue flow from its extensive network of commercial customers. CMS/Nextech, LLC is poised for growth through strategic initiatives aimed at enhancing its market presence.

The funding received from Audax Group in November 2021 will be utilized to fuel organic growth and accelerate its acquisition strategy. This strategy is designed to broaden the company’s footprint, expand its customer base, and improve business efficiencies. The company aims to launch new products and services to better meet the needs of its clients and is targeting expansion into additional geographic regions within the United States.