Crete Mechanical Group Acquires Majority Stake in Michigan Electric Company

Crete Mechanical Group Acquires Majority Stake in C&C Service (Stamford)

November 14, 2023

HVAC & Mechanical

Crete Mechanical Group has acquired a majority stake in C&C Service, LLC, a Stamford, Connecticut-based commercial HVAC services firm. The deal expands Crete’s partner network and marks the company’s entrance into the Connecticut market as part of its broader Northeast expansion strategy.

Crete Mechanical Group Acquires Reilly Electrical Contractors

September 1, 2022

HVAC & Mechanical

Crete Mechanical Group, a national provider of commercial HVAC, electrical, plumbing and building automation services, acquired Reilly Electrical Contractors Inc., a family-owned full-service electrical and telecommunications contractor based in South Easton, Massachusetts. The transaction closed on September 1, 2022 and will integrate Reilly into Crete’s national partner network while preserving local management and service continuity.

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.

Crete Mechanical Group and Ridgemont Equity Partners Recapitalize AC Corporation

September 14, 2022

HVAC & Mechanical

Crete Mechanical Group, a Ridgemont Equity Partners-backed commercial mechanical services platform, has recapitalized Greensboro, North Carolina-based AC Corporation and added it as a partner company. The transaction is intended to accelerate AC Corp.'s growth and expand Crete's presence across North Carolina and adjacent East Coast markets by leveraging Crete's operational support and partner network.

Crete United (Ridgemont Equity Partners) Acquires Hartwig Mechanical, Inc.

November 21, 2024

HVAC & Mechanical

Crete United, a portfolio company of Ridgemont Equity Partners, has acquired Hartwig Mechanical, Inc., a full-service commercial and industrial mechanical contractor founded in 1958. BaseRock Partners served as exclusive financial advisor to Hartwig; the acquisition expands Crete United's geographic footprint and strengthens its presence in the Midwest.

Crete Mechanical Group Partners with John's Service and Sales

November 9, 2023

HVAC & Mechanical

Crete Mechanical Group announced a partnership to bring John's Service and Sales (Oglesby, IL) into the Crete network, expanding Crete's HVAC and plumbing presence in Central Illinois. The collaboration will expand service, maintenance and retrofit capabilities for commercial customers in the region as part of Crete's nationwide multi-service platform.