Midstate Mechanical has been a leading provider of mechanical contracting services to industrial and commercial clients in the Southwest since 1986. Midstate Mechanical has built its reputation through self-performance and as a leading provider in all major phases of mechanical work, including process piping, heating, ventilation, air conditioning (HVAC), plumbing, and special project services. Midstate Energy is an independent provider of comprehensive development, design and engineering services relating to infrastructure upgrades and energy efficient, asset sustainability solutions to the K-12 and municipal market in Arizona.
Midstate’s founder was seeking a solution to recapitalize Midstate Energy and find the right partner to help the company execute its clearly defined growth strategy.
G2 represented Midstate Mechanical as its exclusive sell-side advisor responsible for running a high-touch divestiture process. “We were very pleased with G2’s depth of knowledge of our business and how they integrated with our team to bring about this successful transaction” said Dave Jones, Founder and CEO of Midstate Mechanical.
Bow River Capital Partners partnered with management to recapitalize and acquire a controlling interest in Midstate Energy and select service assets of Midstate Mechanical. The transaction includes the separation and acquisition of the Performance Contracting and Service Divisions of Midstate Mechanical. Midstate Mechanical will continue under the leadership of its founder, Dave Jones, as it has for the past 30 years. Midstate Energy management, and Midstate Mechanical anticipate a collaborative and beneficial relationship going forward.