SDR Ventures Advises Airside Technology Corporation on Acquisition by Heritage Holdings
SDR Ventures announced that Airside Technology Corporation has been acquired by Heritage Holdings. SDR served as the exclusive sell-side advisor to Airside throughout the transaction process.
Founded in 1984 and headquartered in East Syracuse, New York, Airside is a full-service, union HVAC contractor serving commercial and industrial customers in Central New York. The company offers a wide range of services, including controls, pipe fitting, and sheet metal fabrication, supported by an automated in-house fabrication shop. Airside serves a diverse customer base that includes commercial, industrial, institutional, municipal, retail, and office building projects. It is recognized for its responsive service, deep technical expertise, and long-tenured workforce.
Steve Perry, President of Airside, emphasized the company’s people-first approach, stating, "Our people come first and the bottom line comes second. That's how we've always run this company, and it's why our customers stick with us and our employees don't leave. I wanted a buyer who understood that, and Heritage Holdings does."
Airside employs a skilled union workforce that delivers high-quality mechanical solutions across new construction, replacement, and repair projects, aided by a full-scale automated sheet metal fabrication shop that allows for rapid production of rectangular ductwork and precision fittings. The firm’s reputation for prompt service and dependable execution has made it a trusted partner for general contractors and building owners throughout the Syracuse area.
Bob Foresman, senior advisor to SDR, commented on the transaction, saying, "It has been a privilege to help connect Steve and the Airside team with Heritage Holdings. Steve built something truly remarkable over four decades that any buyer would be fortunate to inherit. Heritage Holdings is exactly the right partner to build on that foundation." Mike Grande, Managing Director at SDR Ventures, also praised the company, mentioning its capable workforce and culture of loyalty that retains employees for over 20 years.
Heritage Holdings, based in Boston, partners with founder-and-family-owned businesses in the lower middle market. Established in 2015, the firm focuses on sectors such as business services, healthcare services, technology, telecom & IT services, and industrial services. The firm emphasizes operational improvement and scalable growth initiatives, having completed over 50 acquisitions since its inception, including an HVAC platform operating under four distinct brands.