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)
- Industry
- HVAC & Mechanical
- Location
- Alabama, United States
- Transaction Type
- Buyout
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