The Day & Nite family of companies (“Day & Nite”) is proud to announce a strategic partnership with Alvarez & Marsal Capital (“A&M Capital”), a multi-strategy private equity investment firm, and a simultaneous merger with AmeriServe, a provider of kitchen and HVAC/R installation, repair, and preventive maintenance services, to create Day & Nite AmeriServe (“the platform”) – a leading HVAC, refrigeration, and foodservice equipment service provider.
The combined platform, to be led by Matthew Sher, CEO of Day & Nite, will deliver high quality service, operational excellence, and innovative solutions to corporations, restaurant groups, institutions, and healthcare organizations across the East Coast, Southeast, and Texas markets. A&M Capital’s investment will support the platform’s expansion into new geographies, which is intended to provide service capacity for its customers nationwide, reinforcing and broadening the company’s commitment to quality and consistency.
“I could not be more thrilled to combine these two incredible entities to provide the market with the ultimate service offering. Day & Nite’s decades of experience and expansive geographic coverage, coupled with AmeriServe’s complementary footprint and experienced technician base, create a differentiated platform in the industry,” said Matthew Sher, CEO of Day & Nite AmeriServe. “With this strategic combination, along with the support and expertise of our partners at A&M Capital, Day & Nite AmeriServe is well positioned to become a market leading resource for blue-chip clients, delivering a strong balance of service, reliability, and customer experience.”
“This is a transaction that we have been pursuing for several years, and we are excited to partner with the Sher family to help support their growth objectives,” said David Perskie, Partner at A&M Capital. “As a firm, we pride ourselves on serving as trusted partners to family-owned businesses transitioning to their next chapter. We look forward to integrating Day & Nite and AmeriServe to create a platform with exceptional capabilities and growth potential in what we believe is a very attractive sector.”
“We look for businesses that compete in industries with recession-resilient characteristics and offer services that are mission-critical to their customers; we believe that Day & Nite AmeriServe contains all of those elements,” said Jack McCarthy, Co-Founder of A&M Capital. “We have significant experience investing in the commercial facilities services sector and are excited about the prospects that this partnership provides.”
