HORNE Capital closes Metro Mechanical, Fidelity Building Service sale
HORNE Capital, a mergers and acquisitions consultancy, has announced the acquisition of its client, Metro Mechanical, Inc., and Metro Building Services, Inc., by Fidelity Building Services Group, an Oaktree Capital Management, LP company.
“Metro Mechanical’s goals and values are fully aligned with those of Fidelity BSG. They are committed to service excellence, which is reflected in their quality, safety and technical understanding,” said Dave Lanphar, CEO/partner of Fidelity BSG.
“We are excited to welcome the Metro Mechanical team to our growing family of companies, and we look forward to the opportunities this partnership will bring.”
“For more than two decades, Metro Mechanical has been delivering unparalleled mechanical system solutions to our customers. We have been recognized as the ‘contractor of choice’ in the region, having been at the forefront of industrial development while remaining true to our commitment to customer service and safety,” said Frank White, president/partner of Metro Mechanical. “By partnering with Fidelity BSG, we can build on the commitments and values that have made us a leader in this field.”
Frank White and Rick White founded Metro Mechanical in 1994 as a small HVAC contractor in Mississippi’s central market. Since then, the family-owned company has expanded into the HVAC services, plumbing, and plumbing services markets, growing into one of the largest and most respected commercial mechanical construction, HVAC, and plumbing contractors in Mississippi and Louisiana.
“Metro Mechanical’s achievements over the past 27 years, along with its focused approach and continued growth opportunities, set a compelling target for Fidelity BSG,” said Josh Edwards, companywide director of HORNE Capital. “We are confident that Frank and Rick have found a strong partner for the future of their business, and we look forward to their combined success.”