DETROIT, MI — Main decrease middle-market personal fairness agency Huron Capital introduced at the moment that its portfolio firm Exigent Holdco LLC, a supplier of mission-critical HVAC, plumbing, and different mechanical system restore, upkeep, and substitute providers, has acquired JPG Plumbing & Mechanical Providers Inc. and ThermaServe Inc.
“Our latest partnerships with JPG and ThermaServe enable Exigent to higher serve its buyer base with additional scale within the Washington, DC, Maryland, and Virginia space, new places within the Southeast, and extra service capabilities throughout the platform,” stated Huron Associate, Scott Hauncher. “Selectively concentrating on extremely accretive alternatives in related markets to our ongoing operations is a trademark of our ExecFactor platform planning and can assist Exigent’s scale and progress.”
JPG is a union plumbing and mechanical service firm primarily based in Jessup, Maryland, offering plumbing, mechanical, HVAC and industrial vacuum providers to business, industrial, authorities and municipal prospects within the Washington, DC, Maryland, and Virginia space (“the DMV”). ThermaServe is a union mechanical service firm primarily based in Jacksonville, Florida, centered on restore, retrofit and upkeep of chillers and different HVAC techniques to prospects in Northern Florida and Southern Georgia.
“The Huron crew understands the worth creation methods that speed up progress, and we’re excited to hitch forces with the JPG and ThermaServe groups to proceed our path in the direction of changing into a market chief within the HVAC, plumbing, and mechanical providers business,” stated Peter van Niekerk, CEO of Exigent. “These strategically sourced acquisitions will convey further providers to our capabilities in current operations, together with the DMV space, and can leverage our collective capability in new markets, together with Florida and Georgia. We sit up for constructing upon the legacy that the JPG and ThermaServe management groups have created.”
Honigman LLP served as authorized advisor and Moss Adams LLP served as monetary diligence advisor to Huron and Exigent.