Saw Mill Capital Acquires DPIS Builder Services

DPIS Builder Services (Saw Mill Capital) Acquires The Ei Companies

November 11, 2020

Construction

DPIS Builder Services, a portfolio company of Saw Mill Capital, has acquired the Ei Companies, a Las Vegas-based provider of energy inspections and MEP design services. The deal expands DPIS' geographic footprint into the Western United States and creates a nationwide platform for engineering, inspection, testing and certification across the residential construction market.

DPIS Builder Services Acquires Building Energy

July 26, 2021

Construction

DPIS Builder Services, a Houston-based provider of builder services owned by Saw Mill Capital, acquired Building Energy, a Star, Idaho-based HERS rating and building energy certification company. The add-on expands DPIS's footprint and capabilities in the Northwest (Boise, Coeur d'Alene, Spokane) and brings Building Energy's team into DPIS to support ENERGY STAR and other efficiency programs.

DPIS Builder Services Acquires Home Energy Division of Ensign Building Solutions

May 6, 2021

Construction

DPIS Builder Services, a Saw Mill Capital portfolio company, acquired the Home Energy Division of Ensign Building Solutions to strengthen its East Region capabilities and expand its HERS rating and energy inspection services in the Southeast. The add-on expands DPIS's national footprint and increases its scale within builder services, contributing to a combined staff base of over 600 locally positioned employees across the U.S.

Milrose Consultants (backed by Southfield Capital) Partners with Special Inspection Services (SIS)

November 30, 2021

Engineering Services

Milrose Consultants, a platform backed by Southfield Capital, announced a strategic partnership to add Special Inspection Services (SIS) Engineering, DPC — a Bohemia, New York-based inspections and construction consulting firm — to its special inspections capabilities. The transaction expands Milrose's national service offering alongside prior add-ons (Permit Advisors, Integrated Group) to better serve Class A commercial real estate clients.

Quanta Services Acquires Dynamic Systems (DSI)

July 25, 2025

Construction

Quanta Services completed the acquisition of Dynamic Systems (DSI), a turnkey mechanical, plumbing and process infrastructure solutions provider headquartered in Austin, Texas. The transaction, which closed July 25, 2025, expands Quanta's mechanical construction and off-site fabrication capabilities, adds a ~2,400-employee platform and diversified end-market exposure (technology/semiconductor, healthcare, industrial) and was funded with cash and Quanta stock (approximately $1.35 billion upfront plus potential earnout).

Crescendo Capital Partners and Construction Capital Group Acquire Peoria Industrial Piping Company (PIPCO)

December 26, 2025

Construction

Crescendo Capital Partners, together with operators from Construction Capital Group, has acquired Peoria Industrial Piping Company (PIPCO) and created a new holding company, Essential Facility & Infrastructure Services (EFI Services), with PIPCO as the first operating company. Fidus Capital provided term debt and an equity co-investment; the Cicciarelli family (sellers) retain equity and will remain in leadership roles as the sponsors build a regionally dominant MEP and fire protection platform in the Midwest.