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Ridgemont Equity Partners-backed Crete Mechanical Group completed the acquisition of AC.

Synopsis

Ridgemont Equity Partners-backed Crete Mechanical Group, a provider of HVAC, electrical, plumbing and building automation services to commercial, industrial, multi-family, government, healthcare, education and other end markets, completed the acquisition of AC, a Greensboro, NC-based provider of HVAC, electrical, plumbing, metal fabrication, rendering systems, service and system controls solutions across a range of end markets. Financial terms were not disclosed. "AC and Crete share the same mission of building strong, lasting relationships with our customers through reliable service of the highest quality. We are proud of the legacy we’ve built at AC over the Company’s nearly 90-year history and are excited about the bright future that a partnership with Crete offers to our employees as well as our customers. We believe there is an opportunity to accelerate our growth and increase the scope of services provided to our customers by leveraging Crete’s corporate support and collaborating with other Crete partners in the region," Mike Garibay, AC President.

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