PremiStar
Have updates for this profile? Please contribute data
= Subscriber Access Only
You are viewing a preview of this profile. Request a Preqin Pro demo for full access to all profiles and underlying data.
With Preqin Pro, you gain an unobstructed view of all alternative asset class activity across institutional investors, fund managers, funds, portfolio companies, deals, exits, and service providers.
PremiStar - overview
Established
1930
Location
Deerfield, IL, US
Primary Industry
Heating, Cooling & Ventilation Equipment and Services
About
PremiStar, formerly known as Reedy Industries, Inc. is a US-based provider of HVAC, plumbing, and building automation solutions focused on enhancing operational efficiency across commercial and industrial facilities. Founded in 1930 and headquartered in Deerfield, US, PremiStar, formerly known as Reedy Industries, Inc. , operates as a specialized provider of HVAC, plumbing, and building automation services.
The leadership team includes Francisco Díaz and Joe Kirmser. In April 2026, PremiStar, a portfolio company of Partners Group, acquired Armistead Mechanical Inc. The company specializes in comprehensive HVAC (Heating, Ventilation, and Air Conditioning), plumbing, and building automation solutions tailored for commercial and industrial facilities. Its core offerings encompass advanced HVAC systems, plumbing services, and integrated building control systems, targeting diverse applications from maintaining optimal indoor climates to automating building operations, which enhance energy performance and operational efficiency.
The company serves a wide array of clients, including commercial enterprises, healthcare facilities, educational institutions, and municipal organizations across various regions in the US, including the Midwest, Mountain West, Southwest, Southeast, and Northeast. The firm generates revenue primarily through B2B transactions, catering to commercial enterprises and governmental organizations. Its financial structure includes service contracts for HVAC and plumbing installations and maintenance agreements, alongside building automation solutions. Revenue is accrued from both initial service engagements and ongoing maintenance contracts, with offerings designed to foster long-term partnerships and ensure service reliability.
The April 2026, acquisition enables to expand its platform and capabilities.
Current Investors
Audax Private Equity
Primary Industry
Heating, Cooling & Ventilation Equipment and Services
Sub Industries
Facilities & Maintenance Services, Heating, Cooling & Ventilation Equipment and Services
Website
www.premistar.com/
Total Amount Raised
Subscriber access only
PremiStar - deals
| Deals Type | Deal Status | Target (s) | Deal Date | Investor(s) | Seller(s) | Deal size (Mn) | Enterprise value (Mn) | Post-money valuation (Mn) | EBITDA multiple (x) | Revenue multiple (x) | Lead partner (s) |
|---|---|---|---|---|---|---|---|---|---|---|---|
| Add-on | Completed | Mechanical Services & Systems | - | ||||||||
| Add-on | Completed | Armistead Mechanical Inc. | - | ||||||||
| Add-on | Completed | Rabe Environmental Systems Inc. | - | ||||||||
| Secondary Buyout | Completed | Capstone Mechanical, LLC | - | ||||||||
| Add-on, Corporate Carve Out | Completed | Dahme Mechanical Industries, Inc.'s HVAC services division | - |
Displaying 1 - 5 of 18
PremiStar - employee data
PremiStar - key contacts
| Name | Position | Start Date | End Date | Vcard | Bio | ||
|---|---|---|---|---|---|---|---|
| Chairman Of The Board | BM |
BM Board Member
Want to see more?
Request a demo for full access to this profile
Time to go Pro
Get Preqin Pro for unrestricted access to 600,000+ detailed profiles on fund managers, investors, funds, companies, and other alternative asset players. Unlock exclusive data on future plans, company financials, fundraising history, track records, and more.