Columbia Pacific Business Finance (CPBF) has played a pivotal role in empowering independent sponsor Ballard & Brown with a substantial million-dollar loan. This financial backing proved instrumental in the strategic acquisition of Sunrise Mechanical and Sunrise Service, prominent players in the heating, ventilation, and air conditioning (HVAC) sector based in Henderson, Nevada. As a recognized direct lender to privately held and sponsor-backed companies, CPBF continues to foster growth and success for enterprises like Ballard & Brown.
In a recent news release dated Jan. 16, Lawrence Litchfield, Director of Business Development for CPBF, highlighted the significance of this transaction. He emphasized, “Sunrise stands out as a leading HVAC provider in the Las Vegas Valley, poised to capitalize on long-term population growth and substantial residential housing undersupply in the region. Independent sponsors with a focus on operational excellence turn to CPBF for its flexible capital and value-added execution. This transaction is a testament to our ability to support first-time business buyers with unique, timely, and less dilutive financing solutions.”
Sunrise Mechanical, founded in 1993 by Stan Gordon and Alice Ross-Gordon, has established itself as a key player in HVAC systems installation across the Las Vegas area. The business expanded in 1996 with the addition of Sunrise Service, offering HVAC service and repair. Matt Ballard, CEO and Co-Founder of Ballard & Brown, expressed gratitude for CPBF’s crucial role in streamlining their acquisition process. He stated, “CBPF’s deep understanding of the independent sponsor model allowed us to swiftly and efficiently complete the Sunrise acquisition before year-end. As a Las Vegas native with extensive HVAC industry experience, I am dedicated to upholding the 30-year legacy of excellence at Sunrise. We found a financing partner in CPBF that shares our entrepreneurial spirit and enables shareholders to retain the financial upside of successful execution.”
Operating across a diverse service area encompassing Boulder City, Henderson, North Las Vegas, Enterprise, Summerlin South, Sunrise Manor, Whitney, Winchester, Spring Valley, and Paradise, Sunrise Mechanical caters to both commercial and residential customers. Their comprehensive HVAC services, available 24/7, include installation in new residential and custom homes, as well as plumbing services. CPBF’s strategic financial support continues to drive success stories like Ballard & Brown’s, reinforcing its commitment to businesses in need of tailored financing solutions for growth and acquisitions.
