Montlake Capital Recapitalizes Fast Water Heater Company

Montlake Capital and Cascadia Private Capital Invest in SWS Equipment

September 23, 2021

Environmental Services

Montlake Capital and Cascadia Private Capital have made a majority growth investment in SWS Equipment, a Spokane-based environmental waste equipment distributor. The investors will partner with founder Paul Cochran to drive growth and geographic expansion across the Pacific Northwest and support expanded service, parts and rental offerings to municipal, utility, retail and contractor customers.

MPE Partners Recapitalizes Waterfront Brands

July 27, 2021

Manufacturing

MPE Partners (Morgenthaler Private Equity) announced the recapitalization of Waterfront Brands, the designer and manufacturer of premium watercraft lifts, docks, and related accessories, partnering with management led by CEO Don Hurley. Financing for the transaction was provided by Tree Line Capital Partners, Manulife Investment Management, Northwestern Mutual Capital, and LBC Credit Partners; Livingstone served as Waterfront's exclusive financial advisor. The recapitalization is intended to support accelerated organic growth and execution of complementary add-on acquisitions.

WestView Capital Partners Recapitalizes Prime Electric

July 30, 2021

Construction

WestView Capital Partners provided growth financing to support a management-led recapitalization of Prime Electric, a Bellevue, Washington-based electrical services and construction company. The investment will support Prime's growth and expansion of service offerings while preserving existing management ownership and operations.

NMS Capital Recapitalizes Capstone Mechanical

May 6, 2025

Industrial Services

NMS Capital has recapitalized Capstone Mechanical, a Portsmouth, New Hampshire-based commercial HVAC and refrigeration service provider. The private equity partnership will support Capstone's organic growth and M&A strategy to expand its footprint and capabilities across the Eastern United States; terms were not disclosed.

New Harbor Capital Acquires Majority Stake in Fix-It 24/7 to Form Residential Home Services Platform

June 9, 2020

HVAC & Mechanical

New Harbor Capital has made a majority investment in Fix-It 24/7, a Denver-area residential HVAC, plumbing and electrical services provider, to form a residential home services platform. The partnership will support Fix-It’s growth through investments in technology, infrastructure and strategic acquisitions while preserving the company's owner-operator leadership.

Main Street Capital Provides $15.1M to Recapitalize Batjer (Batjer & Associates / Batjer Service)

March 15, 2022

HVAC & Mechanical

Main Street Capital Corporation provided $15.1 million in a combination of first lien term debt and a direct equity investment to facilitate the majority recapitalization of Batjer & Associates, LLC and Batjer Service, LLC, a West Texas mechanical HVAC and plumbing contractor headquartered in Abilene, Texas. The financing, done alongside an unnamed co-investor, also includes a revolving credit facility and delayed draw term loan to support working capital and future growth initiatives while partnering with the company's existing owners and senior management.