Taconic Capital Holdings Acquires Excel Mechanical, Inc.

Fusion Capital Partners Acquires Excel Engineering, Inc.

January 6, 2026

Industrial Services

Los Angeles-based private equity firm Fusion Capital Partners has acquired Excel Engineering, a Diagonal, Iowa-based testing and certification firm that provides engine, powertrain, battery and emissions testing services to OEM and industrial customers. The transaction (terms undisclosed) is positioned as a growth-oriented, capability-expanding platform investment to scale Excel's testing capacity, capabilities and talent; Monroe Capital acted as a joint lead arranger on the senior credit facility supporting the deal.

Grizzly MEP Partners with Excel Mechanical Contractors

September 10, 2025

Construction

Grizzly MEP announced a partnership to add Excel Mechanical Contractors, LLC, a Baltimore-based full-service mechanical and electrical contractor, to its Commercial MEP platform. The move — backed by sponsor Garnett Station Partners — expands Grizzly's footprint into the D.C., Maryland and Virginia Mid-Atlantic markets and is intended to accelerate growth and broaden service offerings.

Sky Peak Capital Acquires Hicks Machine and Forms Excelus Manufacturing Solutions

October 24, 2022

Manufacturing

Sky Peak Capital, a New England-based private equity firm, has acquired Hicks Machine of Walpole, New Hampshire and launched Excelus Manufacturing Solutions as a holding platform for its precision machining investments. Excelus will combine Hicks and existing portfolio company Jarvis to serve aerospace & defense, medical, high-tech and commercial end markets and pursue additional machining, sheet metal, fabrication and additive manufacturing capabilities.

Temp-Con (Caymus Equity) Acquires TP Mechanical Contractors

January 14, 2022

HVAC & Mechanical

Caymus Equity Partners’ portfolio company Temp-Con LLC completed a strategic combination with TP Mechanical Contractors, Inc., expanding Temp-Con’s geographic footprint and service capabilities across the Midwest. The deal, which closed January 14, 2022, creates a combined mechanical contracting platform with broader HVACR, plumbing, fire protection and maintenance offerings serving education, healthcare and commercial end markets across six contiguous states.

Sileo Capital Affiliate Revive Holdings Acquires Excel Utility Contractors

July 15, 2021

Construction

An affiliate of Sileo Capital, Revive Holdings, acquired Excel Utility Contractors in partnership with Brightwood Capital Advisors and Mizzen Capital. Excel, headquartered in Villa Ridge, Missouri, is a provider of project management, construction, installation and maintenance services for telecommunications, water/wastewater and power customers; terms were not disclosed.

3Phase Elevator Acquires Excel Elevator

January 7, 2020

Industrial Services

3Phase Elevator Corp., a New England-based independent elevator maintenance and modernization provider, has acquired Excel Elevator & Escalator Corp., a Staten Island, New York-based vertical-transportation services company. The deal, backed by Fort Point Capital and financed by BMO Sponsor Finance, expands 3Phase's geographic footprint along the I-95 corridor to cover ten states and strengthens its position as a leading independent elevator services platform.