By Generational EquitySep 8, 2021, 06:00 et
Generational Equity, a leading mergers and acquisitions advisor for privately held businesses, is pleased to announce the sale of its client, Page Mechanical Group, Inc. to Reedy Industries, LLC. The acquisition closed August 23, 2021.
Page Mechanical Group (PMG) is the leading commercial HVAC contractor serving Southwest Florida, with locations in Tampa, Fort Myers and West Palm Beach.
Founded in 1985, PMG provides comprehensive commercial HVAC services that encompass mechanical projects such as commercial equipment replacement, planned facility maintenance, pre-fabrication, commercial HVAC system installation, and in-house maintenance. PMG’s in-house fabrication capabilities include state-of-the-art production welding methods and equipment, enhanced by complete analysis of throughput operations to continually improve efficiency.
PMG’s expert use of the latest building information modeling (BIM) and virtual design and construction (VDC) technologies enable the entire project team to collaboratively view and work through the modeling and coordination process in preparation for a clash-free, efficiently constructed environment. The company’s planned maintenance agreements help customers avoid catastrophic service costs, extend equipment life, and increase operational reliability.
Reedy Industries serves critical environments in the commercial and industrial market spaces by focusing on HVAC, plumbing, and building controls services and solutions. Reedy Industries is actively expanding the services it provides within the building envelope and is doing so through both organic growth and acquisitions. Reedy Industries was founded in 1930 and is headquartered in Deerfield, IL, just outside Chicago.
“Joining the Reedy Industries family of companies will enable us to accelerate our growth in Florida, while preserving our employee-centric culture and the values that have earned us industry-leading customer loyalty,” says David Collins, Co-Founder and President of PMG. “The Reedy platform enables us to join with other regional leaders in our business to share knowledge, expertise, and resources to achieve the highest standards of service excellence.”
“PMG has distinguished itself as a leader in the Southwest Florida market,” says Joe Kirmser, Reedy Industries CEO. “At a time when the industry is undergoing challenges in keeping up with customer demand, David and his entire team have created an ecosystem that combines technological innovation and collaboration across disciplines with a culture that is hyper-focused on delivering value to customers.”
With this acquisition, Reedy Industries expands their services footprint in the Southeastern U.S., maintaining focus on meeting the needs of customers in the commercial, industrial, healthcare, education, government, and senior living market segments. PMG is the sixteenth acquisition for Reedy Industries since 2019. “This partnership further extends our growth in the Southeast U.S. We look forward to adding even greater density in the region through strategic add-on acquisitions,” Kirmser added.
With the acquisition complete, Collins will stay on with PMG in his current role as President and William Jones will continue as CFO. “Joining Reedy is like being chosen to play on an all-star team,” says Collins. “We’ll benefit from the financial resources and business expertise we need to grow and have the opportunity to ‘up our game’ by sharing with – and learning from – top-performing HVAC businesses around the country.”
Generational Equity Executive Managing Director, M&A-Technology Practice Leader, David Fergusson, and his team led by Senior Managing Director of Mergers and Acquisition, Terry Mackin, with the support of Vice President, Mergers & Acquisitions, Tristan Keeffe, successfully closed the deal. Executive Managing Director Edward G. Weber established the initial relationship with PMG.
“From the start of our acquisition discussions with the Reedy team, it was clear that there was a high level of interest from both parties to get a deal done which just made the process of due diligence that much more directed toward a successful close,” said Mackin.
About Generational Equity
Generational Equity, Generational Capital Markets (member FINRA/SIPC), Generational Wealth Advisors, Generational Consulting Group, and DealForce are part of the Generational Group, which is headquartered in Dallas and is one of the leading M&A advisory firms in North America.
With over 250 professionals located throughout North America, the companies help business owners release the wealth of their business by providing growth consulting, merger, acquisition, and wealth management services. Their six-step approach features strategic and tactical growth consulting, exit planning education, business valuation, value enhancement strategies, M&A transactional services, and wealth management.
The M&A Advisor named the company the 2017 and 2018 Investment Banking Firm of the Year and 2020 Valuation Firm of the Year. For more information, visit https://www.genequityco.com/ or the Generational Equity press room.
Your wisdom and experience were invaluable to me during this once-in-a-lifetime transaction.Ralph Noblin, President of Noblin & Associates
Greetings Mike. Thank you for the captivating and compelling presentation you made at the Phoenix presentation last week. Over many years in business yours was the most informative and well-presented presentation, on any subject, that I have ever attended! Your energy and enthusiasm combined with your concise and captivating support of your positions with easily understood examples and data was compelling.Pete L.
Tom Staszak is one of the most professional people I have dealt with in my last forty years of business. You’ve got a great group of people and you have built a truly professional organization.Michael J Polarek, President, Paragon Packaging
I would like to thank you and your firm, Generational Equity, for being our valued advisors in our journey.Bil MacLeslie, CEO, ipHouse
Bruce and I wanted to take this opportunity to thank Generational Equity for assigning Musa Jagne to our transaction. In Bruce’s words, “Musa did one hell of a job for us!”Karen S. Williams, CFO, BW Manufacturing
The process was much more involved than I expected and your help, experience and advice was a big factor in making the negotiations go as smoothly as possible.Terry D. Wickman, President, Keytroller
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Thank you again for all your guidance and support. Any company will achieve what they intend, if they have you on their team!Rick Nowak, President/CEO, Kurz Electric Solutions, Inc.
We are very happy with the end result, and are very happy to be able to move forward with all of our future growth plans.Rick Nowak, President/CEO, Kurz Electric Solutions, Inc.
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We were happy to see the interest in our company and what we cherished has not just a valuable company but an important company to the communities we served in.Larry Moore, Owner, A Company Portable Restrooms
Generational Equity’s assistance was invaluable in compiling and marketing our business.Bil MacLeslie, CEO, ipHouse
The help you provided us during each step of this process made us feel very comfortable and confident we were selecting the right approach to transition our Company.Andy Graham, Vice President, Modern Heating & Plumbing
We thank you Eric and Generational Equity making our dream come true.Larry Moore, Owner, A Company Portable Restrooms
Michael worked tirelessly, He followed every lead meticulously and urgently to make sure nothing was missed.Robert Evans, President and CEO of Mealtracker Dietary Software
We are extremely pleased with the way Generational Equity handled the sale of our company. Your associates, Tom and Chris, did an outstanding job of getting us (me) through the process.Michael J Polarek, President, Paragon Packaging
We knew it would be a difficult task to have someone really understand our business and our market, prior to researching a possible buyer, so it was imperative that we found someone of your caliber, with definite proven experience in this area.Rick Nowak, President/CEO, Kurz Electric Solutions, Inc.
T.D., thank you so much! You are a great leader! I love how you are using your gifts and talents to better others. You are clearly a GREAT COACH! This 3 day session undoubtedly changed the future of our business, and very well may have been the sole catalyst to save my company, my health and my marriage! A genuine “thank you” from the bottom of my heart.Bryan D. Horn, Owner, Over Under Clothing
I must say that I have never worked with a more driven, competent and focused individual as Don Ho.Jay Dinnison, Owner of Sharpe Mixers
Dear Chris and Andre, I just wanted to say thanks for all your help. Even though this process was not an easy one, it was comforting to know that I had a capable team standing beside me. You made me feel like we were almost your only client or at least the most important one. Thanks again, and I will recommend your service in the future.Shenille Engelhart, Owner – CLS Technology
We will highly recommend Generational Equity and Musa Jagne to any business owner about to embark on the same process.Karen S. Williams, CFO, BW Manufacturing
I wanted to write you a quick letter to express our appreciation and our delight on the outcome of helping us through the process of our recent sale. We are very happy with the end result, and are very happy to be able to move forward with all of our future growth plans.Terry D. Wickman, President, Keytroller
Generational Equity educated and informed us – so that we could be on the upside of a good decision (to sell).Bil MacLeslie, CEO, ipHouse
Thanks again Phil and feel free to have a future client call me if they would like a referral. You are a true professional!Andy Graham, Vice President, Modern Heating & Plumbing
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