Press Release May 28, 2014

Goodwin Advises Charlesbank on Acquisition of ARS Intermediate Holdings

A team of Goodwin Procter attorneys advised a group of funds managed by Charlesbank Capital Partners in their recent acquisition of ARS Intermediate Holdings.

On April 30, 2014, investment funds managed by Goodwin client Charlesbank completed the acquisition of ARS Intermediate Holdings, LLC, parent company of American Residential Services from investment funds affiliated with CI Capital Partners and Royal Palm Capital Partners for an undisclosed amount.

Charlesbank is a private equity investment firm managing more than $2 billion of capital. Charlesbank focuses on management-led buyouts and growth capital financings, partnering with strong management teams to build companies with sustainable competitive advantages and high growth prospects.

ARS, based in Memphis, Tenn., is a leading national provider of heating, ventilation and air conditioning services and plumbing, sewer and drain cleaning services for residential and light commercial customers. CI Capital Partners has been investing in middle-market companies since 1993, and its portfolio companies have made more than 100 acquisitions representing over $6 billion in enterprise value. Royal Palm Capital Partners specializes in private equity investments, business development initiatives and M&A advisory projects.

The Goodwin deal team for this transaction was led by partners James Curley and Laura Rupenian, and included associates Dan White and Peter Hanoian.

For more information on the transaction, please see Charlesbank’s full press release.