Midwest Mezzanine invests $8.5 million in Randazzo Heating & Cooling
Headquartered in Macomb, Michigan, Randazzo is a leading provider of non-discretionary heating, ventilation and air conditioning (“HVAC”) replacement and maintenance services for the residential market. Founded in 1988, the company is a well-established brand that operates primarily in southeast Michigan.
MMF partnered with Five Points Capital to provide a unitranche debt and equity co-investment to support the acquisition of Randazzo by North Branch Capital. First Midwest Bank’s Structured Finance Group provided a working capital revolving credit facility.