Atlantic Street Capital Partners with GLP

Highly Specialized HVAC Distributor Poised for Growth in New and Existing Markets

NEW YORK, Sept. 24, 2026 /PRNewswire/ -- Atlantic Street Capital ("Atlantic Street" or "ASC"), a private equity firm that invests in lower middle market companies poised for the next level of growth, announced today a partnership with GLP, a specialty HVAC distributor serving a diverse array of high-growth markets, including utilities, telecom, and industrials.

Founded in 1958 and headquartered in Toronto, Ontario, GLP is a highly specialized HVAC distributor partnering with premier brands, offering a comprehensive suite of equipment, accessories, parts, and components for diverse, high-growth applications. GLP is recognized for providing technical engineering expertise to its customers and offering an end-to-end experience from system design to warranty administration.

Philip Desrochers, Chief Executive Officer of GLP, said, "We are extremely excited about partnering with Atlantic Street to pursue the numerous opportunities that will continue GLP's expansion. Atlantic Street's operational resources and experience in growing value-added distribution businesses, combined with a commitment to invest in our operations, better position us to leverage our decades-long history and expertise in the HVAC sector to accelerate our growth across core markets."

Paul Sun, Partner at Atlantic Street Capital, stated, "GLP has a well-earned reputation serving complex end markets in North America and is a truly specialized HVAC distribution platform. We are excited to build upon GLP's impressive track record of growth, rooted in GLP's engineering orientation, long-standing relationships with leading brands, and quality services and strong technical support for customers. Our experience investing in the value-added distribution sector will allow us to be a thoughtful partner to GLP. We look forward to our partnership with Philip and Cameron as we collectively execute the next phase of GLP's growth."

Cameron Roblin, President of GLP, added, "GLP has delivered organic growth and has also successfully partnered with other distributors through our add-on acquisition and integration model. We look forward to working together with Atlantic Street to accelerate GLP's growth, expand our reach and further enhance our footprint, and build our product portfolio in new and existing markets."

KeyBanc served as GLP's exclusive financial advisor.

About GLP
For over 65 years, GLP has served as a value-added HVAC distributor focused on complex end markets, e.g., mission-critical and industrial settings. GLP has built a legacy as a trusted partner to both brands and customers, delivering technical solutions and exceptional service across North America. We are committed to providing quality HVAC products and services to manufacturers, contractors, and end-users. GLP is dedicated to driving technical excellence, building upon our rich history to meet the evolving needs of the HVAC industry. For more information, visit www.glpcanada.com.

About Atlantic Street Capital
Atlantic Street Capital is a private equity firm that invests in lower middle market companies poised for the next level of growth. The firm targets entrepreneurial management partners and fundamentally sound companies between $4 million and $25 million of EBITDA that will benefit from capital investment and ASC's value-added strategic and operational support. As a result, ASC works closely with management to unlock their business' underlying value and help them succeed. For more information, visit www.atlanticstreetcapital.com.

Contact: Chris Tofalli
Chris Tofalli Public Relations, LLC
914-834-4334

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SOURCE Atlantic Street Capital