Generational Equity Advises Sierra Air Conditioning, Inc. and Sierra, LLC in its Sale to S|E|Capital Partners

By Generational Equity


Generational Equity, a leading mergers and acquisitions advisor for privately held businesses, is pleased to announce the sale of its client, Sierra Air Conditioning, Inc. and Sierra, LLC, to S|E|Capital Partners. The acquisition closed January 2, 2020 and details were not disclosed.

Sierra Air Conditioning installs heating, ventilation, and air conditioning to new homes built by national and local homebuilders. Sierra, LLC provides HVAC repair, replacement, maintenance, and installation to residential clients. Both companies serve clients in Las Vegas and the surrounding areas. The Company’s relationships with the nation’s largest homebuilders date back decades. As the dominant provider in its geographic market, its new construction work provides the Company with an ever-increasing pool of long-term residential maintenance and service clients.

Located in Chicago, S|E|Capital Partners concentrates on partnering with solid, well-run companies in dynamic markets. They identify established businesses with potential for even greater success through accelerating that growth through enhanced resources, complementary acquisitions and additional capital. The group has experience in a variety of private investment transactions across a broad range of commercial and government markets.

Aligning S|E|Capital with the interests of management is a vital component of their investment philosophy. “We concentrate on building broader, more diverse businesses within our investment themes. This approach allows us to devote all of our attention, effort and resources toward developing and executing a focused business strategy,” said Jeff Kvam Partner, S|E|Capital Partners.

Generational Equity Executive Managing Director of M&A – Western Region, Stephen Crisham, with support from Managing Director-Western Region, Lori Galloway, successfully closed the deal. Executive Managing Director Randy Kamin established the initial relationship with Sierra Air Conditioning.

“Sierra has a dominant position in its geographic market,” said Crisham. “It makes an ideal platform to expand its footprint and offerings and replicate the operation in other locations.”

About Generational

Headquartered in Dallas, Generational is one of the leading M&A advisory firms in North America.

With more than 350 professionals located throughout 17 offices in North America, the companies help business owners release the wealth of their business by providing growth consulting, merger, acquisition, and wealth management services. Their six-step approach features strategic and tactical growth consulting, exit planning education, business valuation, value enhancement strategies, M&A transactional services, and wealth management.

The M&A Advisor named the company Investment Banking Firm of the Year three years in a row, Valuation Firm of the Year in 2020, and North American Investment Bank of the Year in 2022 as well as Consulting Firm of the Year. For more information, visit