Every PE/M&A signal we can find, concrete deals and the broader market mood, each pinned to a
verbatim quote from its source. 229 signals in the record.
Signals are reports drawn from public coverage and print archives, presented as reported by their
sources. Naming a company in a signal is not an accusation against it. See our methodology and legal notes.
Comfort Systems USA announced it has acquired Riddleberger Brothers, Inc., a full-service commercial HVAC company based in Mount Crawford, Virginia.
“Press Release of Comfort Systems USA, Inc. dated February 28, 2008 announcing that it has acquired Riddleberger Brothers, Inc., a full service commercial HVAC company based in Mount Crawford, Virginia.”
EMCOR Group, Inc. completed its acquisition of Ohmstede, Ltd., a provider of aftermarket maintenance, repair, and fabrication services for heat exchangers in the refinery and petrochemical industries, for approximately $455 million in cash. The deal was slightly accretive to diluted earnings per share in Q3 2007.
“During the quarter, the Company completed its acquisition of Ohmstede, Ltd. ("Ohmstede"), the leading provider of aftermarket maintenance and repair services, replacement parts and fabrication services for highly engineered shell and tube heat exchangers for the refinery and petrochemical industries, for approximately $455 million in cash, as previously announced.”
EMCOR Group, Inc. completed its acquisition of all outstanding capital stock of FR X Ohmstede Acquisitions Co. (Ohmstede) on September 19, 2007, for approximately $457 million in cash. Ohmstede became a wholly owned subsidiary of EMCOR.
“On September 19, 2007, EMCOR Group, Inc., a Delaware corporation (the “Company”), completed its acquisition of all of the outstanding capital stock of FR X Ohmstede Acquisitions Co., a Delaware corporation (along with its subsidiaries, “Ohmstede”), pursuant to a Purchase and Sale Agreement, dated August 20, 2007 (the “Purchase Agreement”), with FR X Ohmstede Holdings LLC, a Delaware limited liability company (“Ohmstede Holdings”). As a result of the acquisition, Ohmstede became a wholly owned subsidiary of the Company.”
EMCOR Group, Inc. entered into a $300 million term loan agreement to finance a portion of the consideration for its acquisition of FR X Ohmstede Acquisition Co. The transaction closed on September 19, 2007.
“The $300,000,000 loan proceeds were used to pay a portion of the consideration for the acquisition of FR X Ohmstede Acquisition Co., a Delaware corporation (“Ohmstede”), and costs and expenses incident thereto.”
EMCOR Group, Inc. completed the acquisition of all outstanding capital stock of FR X Ohmstede Acquisitions Co. from FR X Ohmstede Holdings LLC, a portfolio company of First Reserve Fund X, L.P. The deal was originally reported on September 21, 2007, and this filing provides the required financial statements.
“EMCOR Group, Inc., a Delaware corporation (“EMCOR”), completed the acquisition of all of the outstanding capital stock of FR X Ohmstede Acquisitions Co., a Delaware corporation (“Ohmstede”), pursuant to a Purchase and Sale Agreement, dated August 20, 2007 (the “Purchase Agreement”) with FR X Ohmstede Holdings LLC, a Delaware limited liability company (“Ohmstede Holdings”).”
EMCOR Group Inc. · Acquirer FR X Ohmstede Acquisitions Co. · Target FR X Ohmstede Holdings LLC · Parent First Reserve Fund X, L.P. · Sponsor
Source Refrigeration & HVAC (later CoolSys), a leading independent commercial refrigeration services provider in 12 Western states, was acquired by PE firm Arsenal Capital Partners from Valor Equity Management and Denargo Capital. Management retained a meaningful stake.
“Source Refrigeration & HVAC Inc. announced that it has been acquired by Arsenal Capital Partners, a New York-based private equity firm that invests in middle-market manufacturing and services companies. Arsenal acquired Source from Valor Equity Management and Denargo Capital LLC. Source's management will continue to own a meaningful stake in the company.”
Linc Facility Services LLC (LFS) has purchased Ferguson-Williams LLC, a provider of facility operations and maintenance services to the federal government. The acquisition is intended to expand LFS's international facility management footprint and better serve customers in the federal market. Ferguson-Williams will retain its name but be branded as 'A Linc Facility Services Company'.
“HOUSTON - Linc Facility Services LLC (LFS) has purchased Ferguson-Williams LLC, a provider of facility operations and maintenance services to the federal government.”
Automated Logic Corp., a Carrier company and unit of United Technologies Corp., has acquired two independent dealers from Comfort Systems USA: United Environmental Services L.P. of Houston and Comfort Systems USA of Twin Cities Inc. of Minneapolis. These acquisitions mark the creation of Automated Logic's first branch offices.
“Automated Logic Corp., a Carrier company and a unit of United Technologies Corp. (UTC), has acquired two of Comfort Systems USA's independent dealers - United Environmental Services L.P. of Houston, and Comfort Systems USA of Twin Cities Inc. of Minneapolis.”
Toromont Industries, through its CIMCO Refrigeration Division, has acquired Engineered Refrigeration Systems Inc. (ERS), a privately owned industrial refrigeration equipment supplier based in Mobile, Alabama. The acquisition expands CIMCO's North American coverage and is expected to increase annual revenues by approximately $15 million Canadian. ERS results have been included in Toromont's consolidated financial statements since December 1, 2004.
“Toromont Industries' CIMCO Refrigeration Division has acquired Engineered Refrigeration Systems Inc. (ERS), a privately owned company based in Mobile, Ala.”
Phoenix Land Associates acquired H&N Plumbing of Carpinteria, California. The target will operate as part of Record-Wheatley Plumbing Services in Santa Barbara and is expected to generate $6 million in sales for 2003.
“Phoenix Land Associates has acquired H&N Plumbing of Carpinteria, Calif. Phoenix is based in Covington, La., and has been buying up various plumbing companies in the central coastal area of California.
H&N Plumbing will operate as part of Record-Wheatley Plumbing Services, based in Santa Barbara. The unit expects 2003 sales of $6 million.”
Daikin Airconditioning UK acquired Glasgow-based Saltire Facilities Management to bolster residential heat pump service capabilities in Scotland.
“Weybridge-based Daikin Airconditioning UK has acquired Glasgow-based Saltire Facilities Management Ltd, a heating services company with operations across Scotland and the West Midlands.”
Foundral has acquired A. Hattersley & Sons, an Indiana-based firm specializing in the design, construction, and maintenance of piping and HVAC systems.
“A. Hattersley & Sons specializes in design and construction, engineering, project management, installation, and maintenance of piping and HVAC systems.”
Daikin Industries Ltd, a global HVAC manufacturer, has acquired Saltire Facilities Management Ltd from private equity firm United Capital Group. The deal concludes United Capital's five-year ownership of the Scottish facilities management firm.
“Saltire Facilities Management Ltd, headquartered in North Lanarkshire, has been sold by United Capital Group to Japanese-based Daikin Industries Ltd, a global leader in heating, ventilation, air conditioning and air filtration technology.
The deal marks the conclusion of United Capital’s five-year ownership of Saltire, during which time the company has secured more than £220 million in public sector contracts and delivered its strongest financial performance in a 25-year history.”
Automated Logic Contracting Services, a subsidiary of Carrier Global Corporation, has acquired the business of Integrated Control Systems Inc (ICSI). The acquisition expands Automated Logic's geographic presence into Arizona, Colorado, and New Mexico.
“Automated Logic Contracting Services Inc (Automated Logic), a leading provider of innovative building-management solutions, has acquired the business of Integrated Control Systems Inc (ICSI), an independent Automated Logic controls contractor with offices in Arizona, Colorado and New Mexico.”
Murphy Company, a mechanical contractor in Missouri and Colorado, has closed the asset acquisition of St. Louis-based State Mechanical. The deal is intended to expand Murphy's refrigeration construction and service capabilities.
“Murphy Company, a mechanical contractor based in Missouri and Colorado, has closed on the asset acquisition of State Mechanical.”
Thermogenics has acquired Louisville, Kentucky-based Halmar Boiler Parts to expand its manufacturing and distribution network for boiler replacement components across North America. The acquisition adds Halmar's production facility, aftermarket parts inventory, and same-day shipping capabilities to Thermogenics' existing operations.
“Thermogenics has acquired Louisville, Kentucky-based Halmar Boiler Parts, expanding its manufacturing and distribution network for boiler replacement components across North America.”
Huron Capital's portfolio company The Exigent Group acquired Smith-Boughan Mechanical and Electrical Automation Systems (EASI), marking its sixth and seventh acquisitions since launch. The deals expand Exigent's footprint into a fourth region and add HVAC, plumbing, controls, and mechanical services capabilities.
“Leading lower middle-market private equity firm Huron Capital (“Huron”) announced its portfolio company, The Exigent Group (“Exigent,” or the “Company”), acquired Smith-Boughan Mechanical (“Smith-Boughan”) and, in a separate transaction, Electrical Automation Systems (“EASI”).”
Huron Capital's portfolio company The Exigent Group acquired Smith-Boughan Mechanical and Electrical Automation Systems (EASI), marking the platform's sixth and seventh acquisitions since its 2022 launch and expanding into a fourth region.
“Leading lower middle-market private equity firm Huron Capital (“Huron”) announced its portfolio company, The Exigent Group (“Exigent,” or the “Company”), acquired Smith-Boughan Mechanical (“Smith-Boughan”) and, in a separate transaction, Electrical Automation Systems (“EASI”).”
AAA Service Plumbing, Heating & Electric, serving Golden, Denver, and Fort Collins, is listed as a PE roll-up owned by Flint Group and General Atlantic.
“AAA Service Plumbing, Heating & Electric
Golden / Denver / Fort Collins
Flint Group / General Atlantic”
Flint Group · Acquirer AAA Service Plumbing, Heating & Electric · Target General Atlantic · Sponsor
Goldman Sachs Alternatives' Private Equity Business acquired a majority stake in Sila Services, a home services roll-up platform, from Morgan Stanley Capital Partners.
“So I just learned that last year, Goldman Sachs Alternatives' Private Equity Business acquired a majority stake in Sila Services. Previously, Morgan Stanley Capital Partners had a majority state.”
