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New Deal


Announced

Completed

Ridgemont Equity Partners completed the acquisition of Crete Mechanical Group.

Financials

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Transaction Value-
Consideration TypeCash
Capital Owned-
Capital Bid For100%
EV/Sales-
EV/EBITDA-
Share Price Premium-
One Off Charge-

Tags

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Domestic

Majority

Friendly

Specialty Contracting

Private Equity

Completed

Acquisition

Single Bidder

United States

mechanical contractor

Private

Synopsis

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Ridgemont Equity Partners, a Charlotte-based middle market buyout and growth equity investor, completed the acquisition of Crete Mechanical Group, a multi-site owner, operator and business partner to mechanical service businesses. Financial terms were not disclosed. “HVAC and commercial services have been very dynamic industries over the last several years with substantial demand for skilled technicians, reliable providers and an increasing focus on energy efficient building services. We have recent, relevant experience in the sector and are excited to support the Crete leadership team and local operators to build the market-leading provider of essential HVAC, electrical, plumbing, building automation and other facility services across a range of end markets,” Tim Dillon, Ridgemont Equity Partners Partner.

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