Transworld M&A Advisors assists Rycor HVAC in its merger with HOP Energy


Transworld M&A Advisors

Peter Berg, Managing Director of Transworld M&A Advisors and Jennifer Fox, Partner at Transworld Business Advisors of Boston advised Rycor

Peter Berg, Jen Fox and the entire Transworld team did a great job managing the entire process from start to finish and helping to ensure this very positive outcome.

— Scott Arnold, Founder and President of Rycor HVAC

FORT LAUDERDALE, FL, USA, July 12, 2022 /EINPresswire.com/ —

Peter Berg, Managing Director of Transworld M&A Advisors and Jennifer Fox, Partner at Transworld Business Advisors of Boston advised Rycor

Fort Lauderdale, FL – Transworld, the nation’s largest commercial intermediary firm, advised Rycor HVAC on the completion of its merger with HOP Energy, LLC, a holding company of Delos Capital. HOP Energy is one of the fastest growing full-service residential and commercial energy providers in the country. Rycor HVAC, is the largest full-service dealer of Mitsubishi mini-split heat pump systems in the Northeastern United States.

With nearly 100,000 customers from Delaware to Vermont, HOP Energy offers a wide range of residential and commercial products, including fuel oil and propane gas, HVAC heating and air conditioning systems, biofuel, generators and full utility services. maintenance and repair.

Rycor HVAC is a 16-year-old green energy company that specializes in highly efficient Mitsubishi mini-split and ductless air conditioning and heating systems. Rycor has been recognized as Mitsubishi’s Top Contractor in the Northeastern United States in 2021.

Terms of the transaction were not disclosed. Peter Berg and Jennifer Fox of Transworld M&A Advisors provided advisory services to Rycor. Daniel C. Stafford of McCabe & Mack provided Rycor’s legal counsel. James Kim of Cole Schotz provided legal advice to HOP Energy. Lazard served as a financing advisor for HOP Energy.

“This merger is a transformative event that will support HOP Energy’s continued growth throughout the Northeast,” said Michael Anton, President and CEO of HOP Energy. “Rycor’s commitment to energy-efficient heating and cooling systems will add additional choices for our residential and commercial customers. We are delighted to welcome the Rycor team to the family.

“I am thrilled to be part of the HOP Energy team,” said Scott Arnold, Founder and President of Rycor HVAC, who will continue in his current role. “I share the company’s vision to build one of the largest HVAC companies in the Northeast with a focus on energy efficiency.” He continued: “Peter Berg, Jen Fox and the entire Transworld team have done an excellent job managing the entire process from start to finish and helping to ensure this very positive outcome.”

About Delos Capital
Delos Capital, founded in 2013, is a lower-middle-market private equity firm specializing in management buyouts, recapitalizations and growth investments. For more information, visit www.deloscap.com.

About Transworld

Started at Ft. Lauderdale, Florida in 1979, Transworld Business Advisors has grown into the nation’s largest business intermediary firm with over 250 offices in 49 states and 16 countries selling over 1,500 businesses each year. Transworld M&A Advisors is a subsidiary headed by Peter Berg that specializes in selling businesses with revenues between $10 million. and $250 million. For more information, please visit www.transworldma.com.

Contact: Transworld M&A Advisors, Peter Berg, Managing Director 954-907-3007 pberg@transworldma.com

Peter Berg
Transworld M&A Advisors
+19544784308 ext.
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