NEW HYDE PARK, N.Y. - The Day & Nite Family of Companies ("Day & Nite") has announced a transformative move, combining its decades of industry expertise with AmeriServe through a merger that coincides with a strategic partnership with Alvarez & Marsal Capital ("A&M Capital"). The collaboration establishes a new entity, Day & Nite AmeriServe, which aims to revolutionize HVAC, refrigeration, and foodservice equipment services across a broad geographic footprint.
Under the leadership of Matthew Sher, Day & Nite AmeriServe positions itself as a premier provider of installation, repair, and preventive maintenance services for HVAC/R and commercial kitchen equipment. The combined platform is set to serve corporations, restaurant chains, institutions, and healthcare facilities across the East Coast, Southeast, and Texas.
Matthew Sher, CEO of Day & Nite AmeriServe, expressed his enthusiasm for the collaboration, saying, "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. 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."
As a multi-strategy private equity investment firm, A&M Capital’s involvement is designed to support the growth and expansion of Day & Nite AmeriServe. According to the company, the investment is intended to facilitate nationwide service capacity while reinforcing the platform’s commitment to operational excellence.
David Perskie, Partner at A&M Capital, highlighted the importance of the partnership, stating, "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. 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."
Jack McCarthy, Co-Founder of A&M Capital, echoed this sentiment, saying, "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. We have significant experience investing in the commercial facilities services sector and are excited about the prospects that this partnership provides."
The newly formed Day & Nite AmeriServe now boasts a team of over 300 technicians, delivering comprehensive services that include HVAC/R and commercial cooking equipment installation and maintenance, preventive maintenance plans, as well as electrical and plumbing capabilities. With roots dating back to 1976, this merger solidifies the company’s reputation for delivering innovative, tech-enabled solutions to thousands of commercial customers nationwide.
Day & Nite AmeriServe is dedicated to setting a new standard in foodservice equipment and HVAC services, leveraging its extensive expertise and growing national presence.
Meanwhile, A&M Capital brings a wealth of experience in middle-market private equity, coupled with operational insights and a global network, positioning the merged platform for sustained growth.
As the companies move forward, Day & Nite AmeriServe is poised to meet the critical needs of its diverse client base with a blend of reliability, innovation, and excellence.
