Aero Snow announced its acquisition of Tovar Snow Professionals, a Chicago-based snow and ice removal company. This acquisition brings together two market leaders, creating North America's largest snow-onlycompany in North America.
This highly fragmented market provides the combined company the opportunity to differentiate themselves through exceptional customer service and scale, according to a released statement. Together the companies will serve thousands of customers across the country, including the nation’s largest airports, corporate and commercial properties, railroads, and distribution centers, among others. This acquisition will enable the combined company to offer customers more innovative and customized solutions and services.
Jeff Tovar, CEO of Tovar Snow Professionals, and the existing Tovar Snow Professionals management team will continue to hold leadership roles at the combined company.
"We are very excited for this new chapter and look forward to providing our customers with a more extensive range of best in class services across North America," Jeff Tovar said in a statement. "Aero Snow shares our dedication to building a market leading company that is extremely focused on customer and employee satisfaction and safety."
Daryl Hendricks, CEO of Aero Snow, added, "Together, our presence will be much larger with an enhanced infrastructure that provides us with additional resources to uphold our ice and snow management services that we know are mission critical for our customers."
Founded nearly 60 years ago, Aero Snow, headquartered in Westbury, NY, is the leading provider of diversified municipal and facility maintenance services. As the national leader in the snow and ice removal market, Aero Snow owns the largest fleet of proprietary snow melters in North America and employs a highly experienced team to support its customers across all phases of snow removal operations.
Tovar Snow Professionals was founded in 1990 in Elgin, Illinois by Jeffrey Tovar and operates in IL, IN, WI, IA, MO, among others, as demanded by customers. As a leader in commercial snowplowing services, the company is strongly committed to both the environment and their clients. Tovar specializes in providing services for the office, retail and industrial sectors.
Aero Snow is a portfolio company of Mill Point Capital, a private equity firm targeting control investments in lower-middle market businesses, with a focus on industrials and business services companies in North America. Mill Point’s experienced team of investors and Executive Partners seek to enhance the value of portfolio companies by executing transformative strategic initiatives and operational improvements. Mill Point is based in New York, NY.