Atlantic Street Capital Acquires Stake in HVAC Distributor GLP

Founded in 1958, GLP provides a comprehensive suite of HVAC systems, components, and warranty administration services. By integrating Atlantic Street Capital’s operational resources with its own engineering-focused model, the distributor intends to scale its footprint through both organic development and strategic add-on acquisitions.

Philip Desrochers, CEO of GLP, noted that the infusion of resources allows the company to capitalize on its existing technical expertise while targeting new markets. Paul Sun, a partner at Atlantic Street Capital, cited GLP’s strong reputation in mission-critical settings as a primary driver for the investment. KeyBanc acted as the exclusive financial advisor for the transaction, which focuses on firms with EBITDA between $4 million and $25 million.