{"id":820021,"date":"2022-09-14T19:09:55","date_gmt":"2022-09-14T17:09:55","guid":{"rendered":"https:\/\/15.161.165.86\/non-categorizzato\/crete-mechanical-group-strengthens-east-coast-presence-with-recapitalization-of-greensboro-nc-based-ac-corporation\/"},"modified":"2022-09-14T19:09:55","modified_gmt":"2022-09-14T17:09:55","slug":"crete-mechanical-group-strengthens-east-coast-presence-with-recapitalization-of-greensboro-nc-based-ac-corporation","status":"publish","type":"post","link":"https:\/\/bebeez.it\/en\/private-capital-in-north-america\/crete-mechanical-group-strengthens-east-coast-presence-with-recapitalization-of-greensboro-nc-based-ac-corporation\/","title":{"rendered":"Crete Mechanical Group Strengthens East Coast Presence with Recapitalization of Greensboro, NC-based AC Corporation"},"content":{"rendered":"

\nTransaction Marks 11th New Partner Company to Join Commercial Facility and Mechanical Services Platform in 2022\n<\/p>\n

TAMPA, Fla.–(BUSINESS WIRE)–Crete Mechanical Group<\/a> (\u201cCrete\u201d or \u201cCMG\u201d), a leading provider of HVAC, electrical, plumbing and building automation services to commercial, industrial, multi-family, government, healthcare, education and other end markets, today announced a partnership with AC Corporation<\/a> (\u201cAC Corp.\u201d), a Greensboro, NC-based provider of HVAC, electrical, plumbing, metal fabrication, rendering systems, service and system controls solutions across a range of end markets.\n<\/p>\n

<\/a><\/p>\n

\n\u201cAC Corp. and Crete share the same mission of building strong, lasting relationships with our customers through reliable service of the highest quality,\u201d said Mike Garibay, President of AC Corp. \u201cWe are proud of the legacy we\u2019ve built at AC Corp. over the Company\u2019s nearly 90-year history and are excited about the bright future that a partnership with Crete offers to our employees as well as our customers. We believe there is an opportunity to accelerate our growth and increase the scope of services provided to our customers by leveraging Crete\u2019s corporate support and collaborating with other Crete partners in the region.\u201d\n<\/p>\n

\n\u201cAC Corp. has been serving the Southeast, Mid-Atlantic, and other states across the US since 1935 and has built a strong reputation in the industry synonymous with quality and best-in-class execution,\u201d said Jake Sloane, Co-Founder and Co-CEO of Crete. \u201cWe were attracted to AC Corp.\u2019s mix of reoccurring and non-discretionary services and jobs and are fortunate to have found a like-minded partner in AC Corp. with a culture of superior service. We are committed to accelerating our growth together in the North Carolina and adjacent markets, leveraging Crete\u2019s pre-existing footprint of four other partners across the region.\u201d\n<\/p>\n

\nCrete Mechanical Group is a portfolio company of Ridgemont Equity Partners, a middle market private equity firm based in Charlotte, NC. Crete is actively seeking new partners across the commercial facility and mechanical services landscape that are established leaders in their core markets and that are interested in a recapitalization. AC Corp. is the 11th new partner company to join the Crete platform since the start of 2022.\n<\/p>\n

\nAbout Crete Mechanical Group\n<\/p>\n

\nCrete Mechanical Group is a leading provider of commercial HVAC, electrical, plumbing and building automation services to industrial, multi-family, government, healthcare, education and other end markets. CMG provides a range of corporate, financial and accounting, human resources (including technician recruiting and retention), procurement, sales, best practice sharing and general operational support resources to its national network of regional partners, while still maintaining a degree of local autonomy that promotes cultural continuity and customer responsiveness. Crete is actively seeking new relationships with owner-operators to grow the combined platform across North America. www.cretemechanical.com<\/a>\n<\/p>\n

\nAbout Ridgemont Equity Partners\n<\/p>\n

\nRidgemont Equity Partners is a Charlotte-based middle market buyout and growth equity investor. Since 1993, the principals of Ridgemont have invested over $6 billion. The firm focuses on equity investments up to $500 million and utilizes a proven, industry-focused investment approach and repeatable value creation strategies. www.ridgemontep.com<\/a>\n<\/p>\n

Contacts <\/p>\n

\nKelly Lineberger
\n
klineberger@ridgemontep.com<\/a><\/p>","protected":false},"excerpt":{"rendered":"

Transaction Marks 11th New Partner Company to Join Commercial Facility and Mechanical Services Platform in 2022 TAMPA, Fla.–(BUSINESS WIRE)–Crete Mechanical Group (\u201cCrete\u201d or \u201cCMG\u201d), a leading provider of HVAC, electrical, plumbing and building automation services to commercial, industrial, multi-family, government, healthcare, education and other end markets, today announced a partnership with AC Corporation (\u201cAC Corp.\u201d), […]<\/p>\n","protected":false},"author":0,"featured_media":0,"comment_status":"closed","ping_status":"closed","sticky":false,"template":"","format":"standard","meta":{"_acf_changed":false,"footnotes":""},"categories":[49625],"tags":[],"settori":[],"slider_categorie_and_home_page":[],"class_list":["post-820021","post","type-post","status-publish","format-standard","hentry","category-private-capital-in-north-america"],"acf":[],"yoast_head":"\nCrete Mechanical Group Strengthens East Coast Presence with Recapitalization of Greensboro, NC-based AC Corporation - 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