Goodrich and team restructure 23-year-old Sonoran Air saving 124 jobs
Phoenix – Kenneth Goodrich, CEO of US Peach, LLC a leading provider of HVAC and plumbing services, announced the turnaround and liquidity event of one of its portfolio companies, Phoenix-based Sonoran Air and its parent company, Tucson Peach, LLC to seasoned HVAC veteran Mauro Calderon. Terms of the transaction were not released.
Sonoran Air was founded more than 20 years ago in Phoenix, Arizona. Since then, it has grown to become a specialist in the installation of air conditioning systems for residential and commercial new construction projects.
“While residential new construction is not our core business, our team clearly understands and executes proven processes that generate results in any type of business,” Goodrich said. “Our turnaround methodology includes ‘start with the exit in mind,’ ‘harness the talent,’ ‘develop the blueprint,’ ‘define the true potential’ and ‘accelerate performance.’ We were able to save a company that was on the verge of bankruptcy just 12 months earlier, return it to profitability and create a successful financial outcome for the stakeholders. I am most proud of the fact that we were able to save more than 124 jobs, keep the heritage of the company alive and position the company for future growth.”