Alceon invests in part ownership of TVH

TVH is a national provider of HVAC, electrical, and fire maintenance services.

In partnership with TVH’s founders and management team, Alceon will support the company to accelerate growth and secure its position as a technical maintenance provider for government and corporate customers.

TVH was founded in 1998 as Enviroair and has been owned and run by Josh Leys, Doug Lamac, and Simon Jones over the past 15 years, all of whom will remain with the business.

The Australian-owned business now employs a distributed network of more than 450 technicians nationwide, including more than 30 regional locations,. The company services well-known businesses like Telstra, Woolworths, Bupa, McDonalds, Transgrid, and Visy, and holds government contracts with the Department of Defence, NSW Police, and City of Sydney.

“As a founder-led business, we remain committed to continuous improvement and innovation, constantly seeking opportunities to enhance our capabilities and offerings to deliver greater value and meet the evolving needs of our customers,” says TVH Managing Director Joshua Leys.

“We are thrilled to welcome Alceon as a partner, bringing institutional-level capital and scaling expertise to our business for the first time. Their investment will turbocharge our growth trajectory, solidify our position as a market leader, and enable us to seize opportunities as the sector undergoes consolidation.”

Alceon Group Managing Director Rahil Gupta says: “We are excited to be partnering with TVH, a successful founder led company entering its next chapter of growth. This is a perfect fit with our core investment strategy of marrying flexible capital with best-in-class operators in market leading companies. Together we believe we can significantly grow and strengthen the TVH business.”

Josh Leys and Doug Lamac will continue to lead TVH’s business development and operations going forward and join the Board. Alceon and TVH have also announced the appointments of Morris Guest as TVH’s CEO and Jon Newbery as TVH’s Chairman.

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