What is Service Logic?
Founded in 2004 and headquartered in Charlotte, North Carolina, Service Logic specializes in the comprehensive evaluation, design, installation, and maintenance of commercial mechanical systems. Their core focus is on maximizing energy efficiency, reducing operational costs, and enhancing overall system performance for their clients. The company's expertise spans a critical area of facility management, addressing both environmental impact and economic efficiency.
How much funding has Service Logic raised?
Service Logic has raised a total of $900M across 2 funding rounds:
Debt
$670M
Debt
$230M
Debt (2020): $670M with participation from JPMorgan Chase
Debt (2022): $230M led by Crescent
Key Investors in Service Logic
Crescent
Crescent is a global credit investment manager with over 30 years of experience, focusing on below investment grade credit through strategies that invest in marketable and privately originated debt securities including senior bank loans, high yield bonds, as well as private senior, unitranche and junior debt securities.
JPMorgan Chase
Headquartered in New York, NY, JPMorgan Chase & Co. (NYSE: JPM) is a leading global financial services firm with operations worldwide. Founded in 1968, the firm provides services in investment banking, commercial banking, asset management, financial transaction processing, and consumer and small business banking under the J.P. Morgan and Chase brands.
What's next for Service Logic?
The substantial enterprise-level funding and recent strategic investment indicate a phase of significant scaling and operational expansion for Service Logic. This capital infusion is likely to fuel advancements in their service offerings, potentially including technological upgrades for energy efficiency solutions and broader market penetration. The company appears poised to leverage this financial strength to solidify its position as a leader in commercial mechanical system optimization.
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