Draft:Nextech
Submission declined on 9 June 2026 by DoubleGrazing (talk).
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|  |
| Industry | HVAC, Refrigeration, Facility Management |
|---|---|
| Founded | 1992 |
| Services | Commercial HVAC, refrigeration, electrical services, facility management |
| Owner | Audax Private Equity |
| Website | www |
 | This is a draft article. It is a work in progress open to editing by anyone. Please ensure core content policies are met before publishing it as a live Wikipedia article. Find sources: Google (books · news · scholar · free images · WP refs) · FENS · JSTOR · TWL Last edited by DoubleGrazing (talk | contribs) 2 months ago. (Update)
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Nextech is an American company that provides commercial HVAC, refrigeration, electrical, and facility management services throughout the United States.[1]
Founded in 1992, the company is headquartered in Melbourne, Florida.[2]
The company provides services for commercial facilities and national brands across multiple industries in the United States.[1]
In 2020, CMS Nextech was acquired by Audax Private Equity and subsequently expanded through a series of acquisitions in the commercial HVAC and refrigeration services sector.[1][3]
History
Nextech was founded in 1992 as a provider of commercial HVAC and refrigeration services in the United States.[2]
In 2020, CMS Nextech was acquired by Audax Private Equity, a U.S.-based private equity investment firm.[1]
Following the acquisition, the company expanded through a series of strategic acquisitions within the commercial HVAC, refrigeration, and facility services industries. In 2021, PE Hub reported that Audax-backed CMS Nextech completed two acquisitions as part of its growth strategy.[4]
Leadership
In 2023, Nextech announced a leadership transition. Luis Orbegoso was appointed President and Chief Executive Officer, succeeding John Gelp, who became Chairman of the company.[5]
Operations
Nextech provides commercial HVAC, refrigeration, electrical, and facility management services for commercial facilities in the United States.[1]
The company serves customers in industries including retail, restaurant, healthcare, and commercial operations.[2]
Acquisitions
Following its acquisition by Audax Private Equity in 2020, Nextech expanded through a series of acquisitions in the commercial HVAC and refrigeration services sector.[1]
In 2021, PE Hub reported that Audax-backed CMS Nextech completed two acquisitions as part of its growth strategy.[6]
In 2023, Nextech acquired Ramco Refrigeration, a Southern California-based provider of refrigeration and HVAC services.[7]
In 2026, PE Hub reported that Nextech had completed nine add-on acquisitions since being acquired by Audax Private Equity in 2020.[8]
References
- ^ a b c d e f "CMS Nextech has been sold to Audax Private Equity". Lincoln International.
- ^ a b c "Nextech". Audax Private Equity.
- ^ "Audax sale of HVAC service provider Nextech progresses, sources say". PE Hub. 2026-05-04.
- ^ "Audax-backed CMS Nextech makes two acquisitions". PE Hub. 2021-11-16.
- ^ "Nextech Announces CEO Succession". Business Wire. 2023-07-10.
- ^ "Audax-backed CMS Nextech makes two acquisitions". PE Hub. 2021-11-16.
- ^ "Nextech, a portfolio company of Audax Group, has acquired Ramco Refrigeration". Lincoln International. 2023.
- ^ "Audax sale of HVAC service provider Nextech progresses, sources say". PE Hub. 2026-05-04.
External links
Category:Companies based in Florida Category:Companies established in 1992 Category:HVAC companies of the United States
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