Stout served as the exclusive sell-side financial advisor to Sierra and SE Capital in connection with the transaction, which closed on March 4, 2025.

Sierra is a leading provider of heating, ventilation, and air conditioning (HVAC) installation services for new residential national homebuilders throughout the Las Vegas, Mesquite, and Boise markets. Under the leadership of Cole Wilson, Sierra has strengthened its existing multi-decade relationships with regional and national homebuilders through its exceptional quality and customer service. A multi-generation family-run enterprise, Sierra has built exceptional brand recognition in its local markets.

Airtron, a leading HVAC installation provider, operates across multiple U.S. regions, supporting homebuilders with high-quality, reliable solutions. Backed by Gamut Capital, this acquisition expands Airtron’s geographic footprint and enhances its service offerings in the western U.S.