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Commercial HVAC
Facility Services
Sub-sectorMechanical, Electrical, and Plumbing
AcquirerCrete United
Financial PartnerRidgemont Equity Partners
Client Challenge
Expanding a nationwide and diversified commercial & industrial-focused mechanical, electrical, plumbing, and controls platform in a highly competitive M&A market. To expand geographically and increase service diversification, Crete retained Normandy Advisors to assist with M&A origination and pipeline building.
Normandy's Approach
Normandy created a target list of commercial & industrial-focused HVAC, electrical, plumbing, building controls, and energy efficiency companies across the United States with limited exposure to new construction.
Results
After building a list of over 700 vetted targets, Normandy spoke with over 200 owners and made 70+ qualified introductions to Crete, resulting in 3 transactions.