Dunes Point Capital Creates Best in Class Technology Services via Investments in Vulcan, P1 Services and Rieck

October 14, 2020

Dunes Point Capital (DPC) has formed Best in Class Technology Services (BCTS), a commercial HVAC services platform headquartered in Birmingham, Alabama, through investments in Vulcan Heating and Air Conditioning Service, P1 Services, LLC, and Rieck Services, LLC. DPC’s Fund II provided the controlling equity and M&T Bank provided debt financing; the acquisitions combine ~12 locations across six states and roughly 450 employees under the new platform.

Buyers
Dunes Point Capital, LP, Dunes Point Capital Fund II, LP
Targets
Vulcan Heating and Air Conditioning Service, Inc., P1 Services, LLC, Rieck Services, LLC
Sellers
P1 Group, Inc., Mechanical Construction Managers, LLC
Platforms
Best in Class Technology Services (BCTS)
Location
Alabama, United States
Transaction Type
Buyout

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