- Member MelCap Partners, LLC
- Sector Business & Financial Services, Industrials
- Date completed 31.07.2023
- Client Professional Pipe
- Country United States
- Acquirer PremiStar
- Country Switzerland
MelCap Partners served as the exclusive investment banker and financial advisor to Pro Pipe and KJM Capital in the sale of the Company. In an effort to provide the shareholders with liquidity, and to continue to support the Company’s strategic growth plans, MelCap Partners was able to successfully identify the ideal buyer for the business. As a result, Pro Pipe was sold to PremiStar (formerly Reedy Industries), headquartered in Deerfield, IL. PremiStar is a leader in the provision of commercial HVAC, building automation, and plumbing services throughout the United States. Pro Pipe will serve as a vital piece of PremiStar’s strategic initiative to expand its core service offering into process piping – particularly outside of HVAC and plumbing. The acquisition also provides PremiStar and Pro Pipe with substantial cross-selling opportunities with both businesses. PremiStar is a portfolio company of Partners Group, headquartered in Baar, Switzerland. Partners Group is one of the largest global private market investment managers in the world, and currently maintains nearly $150 billion of assets under management.
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