June 23, 2021

Gil-Bar in the News: HVAC Leader Lands Private Equity Deal in Latest Expansion move

This article first appeared in Real Estate Weekly on June 9, 2021.

New York-based HVAC leader Gil-Bar Industries has secured an investment from Intermediate Capital Group (ICG) as the company continues to expand its footprint in the northeast.

“We are very pleased to partner with ICG as we move into the next phase of Gil-Bar’s evolution,” said Joe Sbarra, founding Partner, Gil-Bar. “Having co-founded the business in 1986, I am proud of what we have accomplished to date. Gil-Bar is well-positioned for the future, and with ICG’s capital and experience, I am excited about what we can achieve together.”

Since inception 35 years ago, Gil-Bar has become the leading HVAC solutions provider in the New York metropolitan area. Last year, the company acquired GBS Limited as part of its wider initiative to grow the company’s reach into new markets by partnering with existing HVAC providers.

“We believe there are multiple avenues for Gil-Bar’s continued growth as we expand our service and solution offerings and build our footprint both organically and through acquisitions,” added Chris Bisaccia, partner, Gil-Bar. “We selected ICG as our partner because they share our vision for the future and have the resources and experience to help us succeed.”

“We are delighted to announce our investment in Gil-Bar,” said Uzair Dossani and Evan Eason, both Managing Directors at ICG. “Gil-Bar has the key hallmarks we look for in an investment opportunity: a market leader with an excellent management team and significant runway for growth. We are excited to partner with Joe Sbarra, Chris Bisaccia, Joe Cohen, Ken Corio, and the rest of the Gil-Bar team.”

ICG will work in partnership with Gil-Bar’s management team to support the firm’s growth initiatives. Financial terms of the transaction have not been disclosed.

See the article in its original form and read more Real Estate Weekly here!

September 12, 2020

Gil-Bar Industries Acquires GBS Limited

The Merger Will Further Gil-Bar’s Leading Ability to Update Buildings for Complex, Post-Covid-19 HVAC Needs

Gil-Bar Industries, New York’s leading HVAC design engineering firm and provider of complex HVAC solutions, has completed the acquisition of GBS Limited, expanding Gil-Bar’s footprint into the North and Central New Jersey regions. The expansion is the latest in a wider initiative to grow Gil-Bar’s reach into new markets by partnering with leading existing HVAC providers that share Gil-Bar’s culture of high-level expertise, complex service capabilities and uncompromising ethics and client service.

As part of the merger, Metro Air Products NJ, a Gil-Bar Industries affiliate, will join the GBS Limited team and Gil-Bar’s New Jersey operations as a single entity: Gil-Bar Solutions NJ. This will bring added breadth of engineered ductwork, air movement and specialty HVAC product solutions to the new organization and provide clients with an even deeper level of engineering insight paired with extensive local market expertise. The fully integrated service offering and an unmatched commitment to finding the best solutions for the most challenging projects in the state will enable Gil-Bar to deliver much-needed post-Covid-19 HVAC work to a range of buildings looking to upgrade and keep occupants and guests safe.

“We’ll be combining GBS’ leading market knowledge and local relationships with the depth and breadth of Gil-Bar’s extensive manufacturing partnerships and engineering experience,” says Chris Bisaccia, Partner, Gil-Bar Industries. “This is a win-win for our clients and our business both for this challenging time and for the long term. We look forward to helping clients across the region deliver on public safety needs through HVAC engineering solutions.”

Since its founding in 1986, Gil-Bar Industries has become the leading design engineer of HVAC solutions in the New York metropolitan area. The company offers integrated services from design consultation through specification, installation, certification, parts, and maintenance. Further, Gil-Bar prides itself on preserving a unique family culture that considers every customer to be part of the family. Gil-Bar delivers on more than 5,200 projects per year, with more than 85 percent of its business coming from repeat clients. The combined firm will field a team of more than 60 degreed sales engineers and leverage long-standing relationships with more than 40 of the world’s finest manufacturers, including major filtration, ionization and UV light technologies helping to combat the spread of Covid-19 and other pathogens.

“The merger is a natural move,” says Eric Mueller, former Principal of GBS and new CEO of Gil-Bar Solutions NJ. “Gil-Bar and GBS shared similar cultures and values, and this brings unparalleled market expertise together for our clients. The integrated service offering turns Gil-Bar into an even greater resource on both sides of the Hudson River.”

Former GBS Principal Greg Peifer will join the Gil-Bar as the Sales Manager of a new Gil-Bar office in Philadelphia. Peifer, a Philadelphia native with an engineering degree from Drexel University, will expand Gil-Bar’s expertise, integrated service offering and commitment to client success in the Pennsylvania region.

About Gil-Bar Industries

Founded in 1986, Gil-Bar has become the largest and most comprehensive provider of HVAC solutions in New York and New Jersey. Gil-Bar believes HVAC is about a lot more than just moving air. It’s about creating places where we can live our best lives and do our best work. It requires understanding the total indoor environmental experience and providing optimal thermal and acoustical comfort. And we know that doing so, efficiently and sustainably, is an ever- greater engineering challenge. We partner with building developers, architects, engineers and contractors to help design, install, problem-solve and service the right custom HVAC solution for every building. We do it with the largest and most experienced team of degreed application engineers in the industry.