Fidelity Building Services Group Continues National Expansion, Acquires Oklahoma-Based AIR Technologies
67-year-old HVAC company is the latest to join the national technical building solutions provider’s portfolio of companies
SPARKS, MD (October 18, 2021) – Fidelity Building Services Group (Fidelity), a national leader in HVAC/Mechanical Services, Building Automation & Controls, and Emergency Power Generators, is pleased to announce that AIR Technologies has joined its growing portfolio of partner companies.
Based in Oklahoma City, Oklahoma, AIR Technologies has been providing Mechanical/HVAC services to commercial and industrial buildings since 1976. Using leading-edge technology, it specializes in a wide range of Mechanical/HVAC services, including engineered retrofits, planned maintenance and repairs, sheet metal fabrication, process and natural gas piping, and building management systems, among others.
Over the last four decades, AIR Technologies has enhanced its service line offerings to meet evolving industry needs, including energy conservation, indoor air quality, and building automation systems. Today, the mechanical expert focuses on commercial, industrial, and governmental projects. For eight years, AIR Technologies has been named part of “The Metro 50” by the Greater Oklahoma City Chamber of Commerce.
“The Fidelity Team is very excited to welcome AIR Technologies to our growing portfolio of companies,” says Dave Lanphar, LEED AP, CEO/Partner of Fidelity. “Its commitment to service excellence, technical capabilities and a strong team culture makes them a natural fit for Fidelity. I enthusiastically welcome all of the new Team Members.”
AIR Technologies is the 13th organization to join the Fidelity portfolio and is the first in the Oklahoma region to become part of the national brand. With its home base in the Mid-Atlantic, the national integrated technical building services provider also has a strong presence in the South and Gulf Regions of the United States.
“When AIR Technologies first learned about the prospect to join Fidelity, we immediately recognized an opportunity that would allow us to continue our plans for growth without compromising those values that have paved the way for our success today, as Fidelity BSG is an organization that is just as committed to customer service as we are,” says Jeff Lipscomb, President/Partner of AIR Technologies. “We are very excited for this partnership and what this will mean to our company, our Team Members, and our customers.”
The transaction was finalized in October 2021. Ascend Capital Group served as financial advisor to Fidelity in connection with the transaction, while ClearRidge Capital represented AIR Technologies.
About Fidelity Building Services Group
Fidelity Building Services Group (Fidelity) was founded in 1945 as a full-service mechanical engineering, contracting, and service company that introduced air conditioning, refrigeration, and process cooling to a new marketplace. The advent of air conditioning went on to revolutionize the entire building industry and Fidelity has been on the leading edge ever since. Today, our geographic footprint has grown beyond the Mid-Atlantic, extending throughout the South and the Gulf Region. With over 1,700 Team Members, 30 locations in 13 states, 75+ years of experience, and an intense focus on delivering Proactive, World-Class Service, Fidelity is established as a national premier provider of high-performance integrated technical building solutions for the commercial and industrial facilities market.
Fidelity’s product and service offerings include Emergency Generators/Power Systems, Building Mechanical/HVAC Systems, Building Automation & Controls, and Systems Integration. Our core markets are commercial, industrial, and institutional facilities. Our leaders are some of the most highly regarded individuals in the service, construction, and engineering communities. Collectively, we share a commitment to advancing the cause of building energy efficiencies, sustainable energy solutions, and service excellence.
About AIR Technologies™
Since 1976, AIR Technologies has been providing exceptional Mechanical/HVAC services to businesses throughout the greater Oklahoma City region with a focus on commercial, industrial, and governmental projects.
Its service line offerings include a full range of design-build services, sheet metal fabrication, piping services, building management systems, welding, refrigerant conservation and computer room air conditioning design, installation, and service.