Watchtower Capital Partners and Aldine Invest in Ally Services (SPS Mechanical, JF Plumbing & CarrFord)

Ally Services Acquires Honest Abe Home Services and East Coast Plumbing, Heating & Air

November 1, 2023

HVAC & Mechanical

Ally Services completed add-on acquisitions of Honest Abe Home Services and East Coast Plumbing, Heating & Air to expand its residential plumbing and HVAC footprint across the Mid‑Atlantic. The deals increase Ally's scale and capacity throughout Maryland and Delaware as the PE‑backed platform continues to integrate local home‑service brands.

Watchtower Capital Acquires Fence Builders and Green Hill Fence Company

July 17, 2025

Construction

Watchtower Capital has acquired Fence Builders, Inc. and Green Hill Fence Company to create an integrated residential and commercial fence, gate and access control platform serving the U.S. Southeast. Watchtower led the platform investment with co-investments and financing from Plexus Capital and Aldine Capital Partners; founders Steve Shelton and Manning Garrett remain in leadership roles and retain ownership stakes, and Nick Coder was named President.

Capital For Business and Aldine Invest in The Jor‑Mac Company

November 1, 2022

Manufacturing

Capital For Business, Inc. (CFB) completed an investment in The Jor‑Mac Company, LLC, with subordinated debt and equity participation from Aldine Capital Partners, The Mendota Group, and Northcreek Mezzanine. Jor‑Mac, based in Lomira, Wisconsin, is a manufacturer of metal fabrications and electromechanical assemblies serving OEMs in HVAC, industrial automation, and grid infrastructure; the investors plan to support organic growth, capability expansion, and strategic follow‑on acquisitions.

Allied Industrial Partners Invests in JCL Energy

October 15, 2024

Industrial Services

Allied Industrial Partners, a Houston-based lower-middle market private equity firm, has made a strategic growth investment in JCL Energy, a Sharon, Pennsylvania-based distributor, renter, and service provider of pad-mounted and substation transformers. The founding team led by CEO Jim Landino will retain meaningful ownership; Allied plans to provide growth capital to expand operations, pursue add-on acquisitions, and accelerate geographic coverage across the U.S. (terms not disclosed).

Flow Service Partners (RLJ & LP First Capital) Acquires R Brooks Mechanical Heating and Air Conditioning

July 27, 2022

HVAC & Mechanical

Flow Service Partners, a platform backed by RLJ Equity Partners and LP First Capital, has acquired R Brooks Mechanical Heating and Air Conditioning. The add-on expands Flow's HVACR and plumbing capabilities and extends its geographic footprint into Maryland, Pennsylvania and Delaware; financial terms were not disclosed.

Canopy Capital Partners Recapitalizes Alloy Cladding Holdings

May 22, 2019

Industrial Services

Canopy Capital Partners led a recapitalization of Alloy Cladding Holdings, a Jupiter, Florida-based industrial services contractor, partnering with Plexus Capital and with financing from Valley National Bancorp. The equity investment will fund growth and capability expansion to broaden Alloy Cladding's specialized welding, cladding and maintenance services across pulp & paper, chemical and other heavy industrial end markets while partnering with the Macdonald management team.