Airo Mechanical
Mooresville, NC
FUND
CCMP IV
ORIGINAL INVESTMENT
2025
STATUS
Current
Partnered with a trusted and proven leader in HVAC and plumbing, backed by an experienced management team dedicated to expanding capabilities, entering new markets, and driving growth.
Founded in 2009, Airo Mechanical is a leading provider of HVAC and plumbing installation services for multifamily and light commercial property developers and general contractors operating in the Southeastern United States.
CEO Corner
Matt Baude, CEO
“CCMP Growth has significant experience helping skilled trade industrial companies like Airo build enduring growth, and I am excited to work with them to capitalize on the numerous opportunities ahead. We look forward to benefiting from the CCMP Growth team’s deep expertise as we continue to expand our customer offering, including our commercial retrofit and replacement capabilities, invest in our technology stack, enter new markets across the Southeast, and provide our employees with new opportunities.”
Opportunity and Why CCMP
- Established #1 player in North Carolina that has driven impressive market share gains and operational improvements through strategic investments in technology, process, and talent
- Massive, fragmented HVAC and plumbing multifamily construction industry poised to grow at attractive rates
- Exposure to attractive Southeast geographies for multifamily construction featuring consistent population growth, high-wage job growth, and favorable rental dynamics
- Significant opportunities to diversify business through geographic expansion into other high-growth Southeast MSAs, build out of commercial retrofits and replacement business, and potential service line expansion
- CCMP’s extensive sector-specific expertise and relationship networks investing in the built environment and skilled technical trade management businesses
- Partnered with CCMP Executive Advisor Pete Papagiannis who will serve as a value-added board member to support Airo's growth
Value Creation
- Drive strong organic growth in core North and South Carolina multifamily markets, leveraging execution, technology, and customer relationships to capitalize on strong market demand and continue to take share
- Accelerate geographic expansion into other high-growth MSAs across the Southeast through organic investment and strategic M&A
- Build out commercial R&R service line in the Carolinas and eventually expand into other geographies
- Further enhance strong margin profile through continued investments in technology stack and operational best practices
These endorsements are provided by certain current and former executive officers of portfolio companies that are or were previously owned by certain investment vehicles advised by CCMP Growth and CCMP Capital. None of the executive officers were directly compensated for providing these endorsements. However, as a result of the ownership structure of these portfolio companies and the controlling interest held by the funds advised by CCMP Growth and CCMP Capital, a conflict of interest exists because the executive officers have an incentive to make positive statements about CCMP Growth and/or CCMP Capital and their experiences with CCMP Growth and/or CCMP Capital to maintain the goodwill with CCMP Growth. Please refer to Terms of Use and Disclaimers for important information about CCMP Capital Advisors, LP and CCMP Growth Advisors, LP.
For illustrative purposes only. There can be no assurance any such value creation plan will ultimately be achieved as described herein. Certain statements herein reflect the subjective views and opinions of CCMP Growth and its personnel. Such statements cannot be independently verified and are subject to change.
