Day & Nite Merges with AmeriServe, Forging a Facilities Service Powerhouse with Private Equity Backing

NEW HYDE PARK, N.Y. – February 02, 2026 – A significant consolidation is reshaping the commercial facilities services landscape as the Day & Nite family of companies announced a strategic partnership with private equity firm Alvarez & Marsal Capital (“A&M Capital”) and a simultaneous merger with AmeriServe. The move creates a new, formidable entity named Day & Nite AmeriServe, positioned to become a dominant provider of HVAC, refrigeration, and foodservice equipment services.

The combined platform will be led by Matthew Sher, the CEO of Day & Nite, who will steer the new company's ambitious growth strategy. This transaction marks a pivotal moment for the long-standing Day & Nite business, which dates back to 1976, transforming it from a successful family enterprise into a private equity-backed national contender.

"I could not be more thrilled to combine these two incredible entities to provide the market with the ultimate service offering," said Matthew Sher, CEO of Day & Nite AmeriServe. "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."

The Private Equity Blueprint for a Critical Industry

The partnership with A&M Capital, a firm with over $6.0 billion in commitments, is more than a financial transaction; it's a strategic endorsement of the facilities services sector's fundamental importance. Private equity has increasingly targeted industries that are fragmented and provide essential, non-discretionary services. This deal is a prime example of that trend.

Jack McCarthy, Co-Founder of A&M Capital, highlighted the strategic rationale behind the investment. "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," he stated.

The logic is straightforward: restaurants, hospitals, and corporate offices cannot function without operational heating, cooling, refrigeration, and cooking equipment. These services are not optional luxuries but are critical for business continuity, health, and safety. This inherent need creates a stable, recurring revenue stream that is highly attractive to investors, especially during periods of economic uncertainty. The U.S. HVAC systems market alone, valued at over $31 billion in 2024, is projected to grow steadily, underscoring the sector's robust health.

Forging a National Footprint

With the merger, Day & Nite AmeriServe immediately commands a significant presence. The company now employs a force of over 300 skilled technicians, serving a diverse client base of corporations, restaurant groups, and healthcare organizations across the East Coast, Southeast, and Texas. The combination of Day & Nite's established East Coast network with AmeriServe's strong southern footprint creates a powerful regional platform.

However, the ambition is explicitly national. A&M Capital's investment is intended to fuel expansion into new geographies and build nationwide service capacity. This aggressive growth plan comes with challenges, chief among them being the recruitment and retention of skilled labor. The industry faces a significant technician shortage, with the U.S. Bureau of Labor Statistics projecting the need for over 42,000 new workers annually through the next decade.

Day & Nite AmeriServe appears to be tackling this head-on by emphasizing a culture of professional development, competitive compensation, and advanced training. Both legacy companies had strong reputations for investing in their workforce with certifications and continuous education, a strategy that will be critical as they compete for top talent to support their national expansion.

From Family Legacy to the Next Chapter

The deal also represents a common path for successful family-owned businesses looking to achieve the next level of scale. Partnering with a firm like A&M Capital provides not just capital, but also deep operational expertise and strategic guidance necessary for a national rollout.

David Perskie, a Partner at A&M Capital, noted the firm's experience in this area. "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," Perskie said. "As a firm, we pride ourselves on serving as trusted partners to family-owned businesses transitioning to their next chapter."

This transition will involve integrating the operations, technologies, and cultures of Day & Nite and AmeriServe to create a seamless, efficient platform. The goal is to leverage the combined strengths—Day & Nite's long history and broad service offerings with AmeriServe's complementary geographic reach and technician base—to deliver a consistent and high-quality customer experience across all markets.

For the thousands of commercial customers who rely on these mission-critical services, the emergence of Day & Nite AmeriServe promises a single-source solution with a broader reach and deeper resources. As Sher noted, the new entity is now "well positioned to become a market leading resource for blue-chip clients, delivering a strong balance of service, reliability, and customer experience."