Modigent Acquires VMG Mechanical

Modigent Acquires Tebarco Mechanical

December 14, 2023

HVAC & Mechanical

Modigent has acquired Tebarco Mechanical, an Atlanta-area mechanical contracting and engineering firm founded in 1983, to expand Modigent’s national footprint and integrate Tebarco’s engineering, design-build, VDC and service capabilities. The deal brings Tebarco’s team into Modigent’s portfolio of HVAC, plumbing and controls businesses and aims to scale Tebarco’s operations nationally.

Slate Capital Group Invests in Vertical Mechanical Group

June 21, 2023

HVAC & Mechanical

Slate Capital Group has made a strategic investment in Vertical Mechanical Group (VMG), a Sterling, Virginia-based full-service HVAC and plumbing contractor focused on large commercial projects. The private equity firm said the investment will provide financial support and operational resources to help VMG expand its market presence across the Eastern United States.

Exigent Acquires JPG Plumbing & Mechanical Services and ThermaServe

March 22, 2023

HVAC & Mechanical

Exigent Holdco LLC, a Reston, Virginia-based platform backed by Huron Capital, has acquired JPG Plumbing & Mechanical Services (Jessup, Maryland) and ThermaServe (Jacksonville, Florida). The add-on acquisitions expand Exigent's service capabilities and geographic footprint across the DMV and the Southeast, with support from Huron Capital and minority investor The Stephens Group.

Ridgemont Equity Partners Provides Growth Capital to Crete Mechanical Group

June 2, 2022

HVAC & Mechanical

Ridgemont Equity Partners provided significant growth capital to Crete Mechanical Group (CMG) to support the build-out of a national platform of HVAC, electrical, plumbing and building automation service companies. Financing for the transaction was led by Ares Management Corporation and Churchill Asset Management; terms were not disclosed.

Legence Corp Acquires Innovative Mechanical & Design

December 2, 2025

Engineering Services

Legence Corp. (Nasdaq: LGN), a Blackstone-backed national MEP engineering and services provider, has acquired Innovative Mechanical & Design, LLC (IMD), a Windsor, Colorado-based mechanical and plumbing contractor serving healthcare, pharmaceutical, higher education, semiconductor and hyperscaler clients. The acquisition is a bolt-on to Legence’s platform to expand its service, maintenance and fabrication capabilities and broaden its regional footprint.

AMPAM Parks Mechanical Acquires Multi Mechanical, Inc.

November 28, 2023

HVAC & Mechanical

AMPAM Parks Mechanical, a Gemspring Capital portfolio company, has acquired Multi Mechanical, Inc., an HVAC services provider focused on the multifamily market in Southern California. The deal expands AMPAM’s service offering by adding HVAC installation and servicing capabilities to its existing design‑build plumbing platform; founding members of Multi Mechanical will continue to lead the HVAC business under AMPAM.