Our Vision For CMS Nextech

Stable, Growing HVACR Maintenance Market
• High cost of failure for HVAC / mechanical systems drives non-discretionary spend
• Customers place premium on reliability and system uptime and rely on CMS for 24/7 service
Scale Player with National Customer Base
• Customers are prioritizing centralization of procurement
• CMS’ geographic reach (400+ technicians across 33 states) and benefits of scale, brand recognition, history of success with national customer base, and dedicated HVAC self-performing service model positions the business well to win with multi-site national accounts
• Business has a proven track record of geographic expansion (16 offices, including 6 opened in the last 4 years)
Platform for consolidation
• Industry is highly fragmented and consists primarily of local providers with only a few scale, national players
• Execute a combination of tuck-in acquisitions in existing footprint and expand into adjacent geographies (primarily west of existing footprint)

Partnership Highlights.

Benefits to Scale
• Professionalized infrastructure
• Increased access to training
• Centralized, scalable back office
• Functional experts to support team- allowing team to focus on growth
• Purchasing power with suppliers
• Access to capital - Audax investing out of $3.5 billion fund with appetite to invest behind CMS platform
Benefits for Ownership
• Liquidity event
• Potential for quick, streamlined transaction
• Opportunity for employees to participate in a larger, growthful platform
• Audax has strong track record of partnering with private and family owned businesses