Building Spain's leading refrigeration and HVAC group.
We acquire family owned refrigeration and HVAC companies and give them what they need for their next chapter: capital, technicians, technology and scale. Their name, their people and their legacy stay.
Confidential, no commitment and directly with the buyer, no intermediaries.
installation companies in Spain, 14,357 of them in Catalonia (INE, 2025)
of them have between 0 and 2 employees (INE, 2025)
qualified technicians short, according to AEFYT (2026)
the new EU F‑Gas Regulation reshapes the sector through 2035
Sources: INE (2025) and AEFYT (2026). Market data, not group data.
An essential, fragmented sector facing its biggest change in a generation.
Essential in every cycle
No refrigeration means no supermarkets, no food industry and no pharmaceutical cold chain. Maintenance demand does not stop in a downturn.
Generational succession
Thousands of solid companies founded thirty years ago, whose owners want a dignified exit that does not mean closing down or selling to a competitor.
Regulation that demands scale
F‑Gas requires recertifying technicians and gradually replacing the highest impact refrigerants. A ten person company can hardly do it alone. A group can.
A trade AI cannot replace
Technology transforms the office, not the plant room. We automate the paperwork so technicians can do what they do best.
Togi (研ぎ) is the Japanese art of polishing a katana: revealing the best of what is already there without changing its essence. It is how we work with every company that joins the group.
Sell your company without it disappearing.
You have spent your life building it. We are not here to break it up or merge it into an anonymous brand. We look for partners who want to see their company grow beyond them.
Your brand stays
Your customers keep dealing with the company they know, same name, same phone number.
Your team stays
Technicians are the asset. We improve their conditions, their training and their careers within the group.
Liquidity and upside
You get paid today for what you built and, if you wish, reinvest part of it in the group to share in its growth.
Full discretion
Nobody will know we are talking. We sign a confidentiality agreement before asking for a single number.
“A family business is not sold like a property. It is entrusted. Our job is to make sure that, five years later, the founder is proud of who they entrusted it to.”
Santi Arderiu · Founder
A clear process, at your pace.
No mandatory intermediaries and no auctions. We speak directly with you, openly about timing, structure and what happens the day after.
Conversation
A coffee, no strings attached. You tell us about your company and what you want for it and for yourself.
Week 1Confidential review
With an NDA signed, we review the key figures and the customer portfolio.
Weeks 2 to 4Letter of intent
A written proposal with price, structure and the role you want to play after the deal.
Weeks 4 to 6Closing and transition
Final review, signing before a notary and a transition plan we agree together, with no surprises.
3 to 5 monthsThe strength of a group, the soul of a local company.
Each company keeps running its day to day. The group takes care of what only scale can do well.
Togi Academy
Ongoing training and certification of refrigeration technicians to solve the sector's biggest bottleneck.
- F‑Gas recertification for the whole workforce
- Apprenticeship programme
- Career paths across the group
Purchasing and back office
Combined volume to negotiate refrigerants, equipment and spare parts, plus shared administration.
- Framework agreements with manufacturers
- Centralised accounting and HR
- Group fleet and insurance
Smart maintenance
Field service software, route planning and AI applied to administration to free up technician hours.
- CMMS and digital work orders
- Predictive maintenance
- Automated quoting and invoicing
Access to accounts a single company cannot reach
Supermarket chains, the food industry, cold chain logistics and pharma look for suppliers with regional coverage and fast response. As a group we can offer it, and every company wins contracts it could not sign before.
Decentralised in operations, united in strategy.
We start with a platform company in Catalonia and add complementary businesses by specialty and territory. Each one keeps its identity and its local management.
The companies we look for.
If your company matches most of these points, we want to meet you. If it does not match all of them, call us anyway.
Installation and, above all, maintenance of industrial and commercial refrigeration and HVAC.
With a stable profit record over the last three financial years.
Maintenance contracts with B2B customers and a large share of revenue repeating every year.
A workforce holding refrigeration licences and eager to keep growing.
Then the rest of Spain, starting with Aragon and Valencia.
Founders thinking about retirement or looking for a partner to take the next step.
The F‑Gas timeline reshaping the sector
We know the regulation in detail because it defines the value of every maintenance portfolio. It is exactly the kind of challenge best faced as a group.
You speak with the person who decides.
Santi Arderiu
Mechanical engineer with experience in industrial projects in Spain and across Europe. Founder of ArderiuGroup, an engineering consultancy. Leads the group's strategy and acquisitions.
No committees and no intermediaries. Every conversation with an owner is handled personally, from the first coffee to the signing.
What every owner asks us first.
Selling a company you have built over decades raises questions. Here are the most common ones. For anything else, a phone call is enough.
What is my HVAC or refrigeration company worth?
It depends mainly on sustained profit, the share of recurring maintenance contracts and the quality of the technical team. After a first conversation and with an NDA signed, we give you an indicative valuation at no cost.
I want to retire. Do I have to keep working after selling?
Your call. Some founders retire after an agreed transition period and others prefer to stay at the helm for a few more years. We design the deal around what you want.
What happens to my employees and customers?
They stay with the company they know. We keep the brand, the team and the customer relationships. The goal is to grow the company, not to cut it.
How does the F‑Gas Regulation affect my company?
It requires technicians to be recertified before March 2029 and the highest impact refrigerants to be phased out, such as R404A, whose reclaimed gas can no longer be used in refrigeration from 2030. It is an investment that is hard to take on alone, and one of the reasons some owners are now looking for a partner or a successor.
Is it confidential?
Completely. We sign a confidentiality agreement before asking for any data. Neither your employees nor your customers will know anything until you decide.
Do you work with intermediaries?
We speak directly with owners, with no fees for you. We also work with advisors and firms that represent sellers.
Let's talk in confidence.
Whether you are thinking of selling, looking for a partner or simply want to know what the company you built is worth, the first conversation is confidential and without commitment.
Sant Cugat del Vallès, Barcelona