Astara Capital Partners | Stephens

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Financial Advisor

Astara Capital Partners

Value Not Disclosed 11/08/2022 Building Products, Materials & Technology Complete
Financial Sponsors
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Transaction Details

  • On November 8, 2022, Astara announced that it has made an investment in Del-Air Heating, Air Conditioning & Refrigeration ("Del-Air" or the "Company"), in partnership with the Company's employee owners
  • Headquartered in Sanford, Florida, Del-Air is a leading provider of residential HVAC installation and service, plumbing, electrical home services and replacements, and light commercial HVAC services and replacements throughout the Florida market
  • Astara also announced that “Rick Rogers has joined Del-Air as Chief Executive Officer and Faizzy Saghir has joined as Chief Operating Officer. Mr. Rogers and Mr. Saghir are proven business leaders with successful track records in the HVAC industry. They will work closely with the Company's management team to drive operational excellence and strategic growth.”

About the company

Astara Capital Partners

Astara Capital Partners is an integrated team of investors and operators investing in the middle market. The firm brings capital, strategic, and operational resources to its investments to build sustainable value and position them for long-term success. Astara focuses on a variety of sectors where it has deep experience, including packaging and converting, food, building products, forest products, and industrial manufacturing, distribution, and services. More information about Astara can be found at

Del-Air Heating, Air Conditioning & Refrigeration

Headquartered in Sanford, Florida, Del-Air is a leading provider of residential HVAC installation and service, plumbing, electrical home services and replacements, and light commercial HVAC services and replacements throughout Florida. Del-Air operates in seven locations in Florida including Sanford, Clermont, Davenport, Melbourne, Jacksonville, and Tampa. More information about Del-Air can be found at

Sources: Company Materials
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