Crescendo Capital Partners and Construction Capital Group Acquire Peoria Industrial Piping Company (PIPCO)
December 26, 2025
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.
- Buyers
- Crescendo Capital Partners, Construction Capital Group, Fidus Capital
- Targets
- Peoria Industrial Piping Company (PIPCO)
- Sellers
- Steve Cicciarelli, Scott Cicciarelli, Greg Cicciarelli, Karen Shadid, Cicciarelli Family
- Platforms
- Essential Facility & Infrastructure Services, LLC (EFI Services)
- Industry
- Construction
- Location
- Illinois, United States
- Transaction Type
- Buyout
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