Metronome Partners Represents Pinnacle MEP Holdings in its Recapitalization
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Metronome Partners Represents Pinnacle MEP Holdings in its Recapitalization
Metronome Partners, LLC (“Metronome”) served as the exclusive financial advisor to Pinnacle MEP Holdings (“Pinnacle” or the “Company”), a portfolio company of Aquila Equity Partners, in connection with its recapitalization by Blue Point Capital Partners (“Blue Point”), a private equity firm managing over $1.8 billion in committed capital. Metronome worked closely with Pinnacle’s ownership and management team to identify a partner that best fit shareholders’ objectives and aligned with the Company’s commitment to strengthen community-based trade services and foster long-term customer relationships.
Pinnacle provides an array of HVAC, plumbing, and related mechanical services primarily to commercial customers throughout the Midwest. Through its committed local presence, Pinnacle has a vision for every community to be served by reliable and trustworthy trades within the industry.
Pinnacle has completed 15 acquisitions within the last four years, creating a market-leading portfolio across Ohio, Michigan, and Indiana.
Gary Lewis, Co-Founder and Managing Partner of Aquila Equity Partners, stated, “Metronome successfully navigated a customized process and secured a great outcome that positions the Company for continued growth.”
Andy Reed, Co-Founder and Chief Executive Officer of Pinnacle, added, “The Metronome team’s around-the-clock attention was instrumental in facilitating a successful transaction. We’re excited to partner with Blue Point to continue to support and grow the Pinnacle business.”
Taft Stettinius & Hollister LLP served as legal counsel to the Company, and Jones Day LP served as Blue Point’s legal counsel.
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