Mubadala and Bain Capital partner to acquire US-based Service Logic

Mubadala and Bain buy Service Logic, US leader in critical HVAC

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Strategic partnership will support Service Logic’s continued growth as a national leader in mission-critical commercial HVAC services.
Strategic partnership will support Service Logic’s continued growth as a national leader in mission-critical commercial HVAC services.
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Dubai: Mubadala Investment Company and Bain Capital closed their acquisition of Service Logic, a leading US provider of commercial HVAC and building automation services, from Leonard Green & Partners.

Headquartered in Charlotte, North Carolina, Service Logic operates from over 140 locations with more than 5,000 technicians. It offers preventative maintenance, emergency repairs, unit replacements and retrofits, blending local service with national scale to serve thousands of clients. The firm has a proven track record of strategic acquisitions and owner-operator partnerships.

“Mubadala is pleased to partner with Bain Capital and the team at Service Logic at this exciting juncture for the company,” said Zouhir Regragui, Head of Industrials & Business Services at Mubadala. “Service Logic has built a leading national platform underpinned by strong local execution, market-leading technical expertise and customer retention. This investment reflects our conviction in Service Logic’s continued growth potential and our strategy of backing resilient, essential services businesses with clear avenues for value creation.”

The partnership targets scaling operations, deepening market penetration and unlocking platform value through organic expansion and add-ons.

Bain Capital's North America Private Equity team led the investment, drawing on experience with scale platforms like Imperial Dade, US LBM, Frontline Road Safety, Dealer Tire, Guidehouse and Harrington Process Solutions.

Nivetha Dayanand is Assistant Business Editor at Gulf News, covering aviation, financial markets and commodities. A business and financial journalist with a strong interest in multimedia storytelling, she regularly takes complex financial and economic subjects beyond the written word, producing explainer videos that make them easier for a wider audience to understand. Nivetha has interviewed senior policymakers, business leaders and global financial figures both on and off camera. Her past guests include UAE Minister of Economy and Tourism Abdulla bin Touq Al Marri, Khaled bin Alwaleed Al Saud, a member of the House of Saud and the founder and CEO of KBW Ventures, Jihad Azour, Director of the Middle East and Central Asia Department at the International Monetary Fund and Indian ministers Hardeep Singh Puri and N. Chandrababu Naidu. She has also hosted and moderated panels, conferences and awards shows, bringing her newsroom experience to live conversations on business, finance and the economy. An Erasmus Mundus journalism alum, Nivetha is drawn to stories that affect people directly and to reporting that gives a platform to voices that might otherwise go unheard. She was among the first journalists to speak to Petrofac employees in the UAE about unpaid salaries, broke the news of the planned demolition of Dubai’s well-known “Toyota Building”, and helped set the record straight on widely circulated claims that a giant replica of the Moon was coming to Dubai. More recently, her exclusive interview with EDGE Group CEO Hamad Al Marar revealed how the UAE-based defence group deployed its systems along the country’s shore border and established a geofence around the UAE within 48 hours of the February 28 escalation. Prior to joining Gulf News, Nivetha worked at ITP Media, where she helped launch Finance Middle East, a new publication covering the region’s financial sector. Her role spanned reporting and editing, video production, interviews and events. Across print, digital, and video, she focuses on finding the people behind business stories and explaining why those stories matter to the audience reading or watching them.

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