NAVADA Ltd. acquires EXP-AIR Refrigeration and Air Conditioning Inc.

NAVADA closed the acquisition of the assets of EXP-AIR Refrigeration and Air conditioning Inc. headquartered in Longueuil, near Montreal. Already ranked 97th out of Quebec’s 300 largest SMEs, the acquisition further strengthens its market position by enlarging its client base and adding experienced personnel to its team.

Mergerac Inc., member of Pandion Partners in Montreal, advised the seller.



Since 1968, NAVADA is constantly innovating to offer its clients the best solutions in air conditioning, refrigeration and heating. With its team of experts comprised of more than 180 employees and a fleet of more than 100 trucks, NAVADA serves territories covering several communities in the province of Quebec. In fact, everywhere that projects will lead the company. As well as being a reference in terms of LEED projects, NAVADA aims to constantly thrive beyond its clients' expectations, through the dynamic and continuous training of its employees.
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Founded in 1989, the company includes numerous highly qualified and competent ventilation and refrigeration technicians and can in turn benefit from a vast amount of experience in the industrial, commercial, institutional and residential fields. EXP-AIR maintains and repairs any type of equipment, installs numerous brand name products and offers consulting services supported by a technical team that designs and realizes special projects.
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About Pandion Partners

The Pandion Partners Advisory Group, founded in 2000, consists of 14 different and independent companies dedicated to M&A, Corporate Finance and Strategy & Business Advisory Services. The growing group offers these services globally through its offices in Spain, Germany, Belgium, China, Italy, France, the Netherlands, Czech Republic, Poland, Brazil, Canada, the USA and India. Due to the group members we are able to cover more than 15 different industry sectors.
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For further information, please contact:

Yves Blais, Mergerac inc. T: +1 (514) 393-4700 – e-mail:
Marc Feyen, Director of Pandion Partners S.L. (Global Communication): T: +32 498 911 777 – e-mail: