RIDGELAND, Mississippi, July 14, 2021 -- HORNE Capital, a mergers and acquisitions advisory firm, announced the acquisition of its client, Metro Mechanical, Inc., and Metro Building Services, Inc., by Fidelity Building Services Group, an Oaktree Capital Management, L.P. company.
"Metro Mechanical’s goals and values fully align with those of Fidelity BSG. They are committed to service excellence, which is reflected in their quality, safety and technical acumen," said Dave Lanphar, CEO/partner of Fidelity BSG. "We are thrilled to welcome the Metro Mechanical team to our growing family of companies, and we look forward to the opportunities this partnership will bring."
"For over two decades, Metro Mechanical has delivered unparalleled mechanical systems solutions to our customers. We have been recognized as the region’s ‘contractor of choice’ because we have been at the forefront of industry advancements while staying true to our commitment to customer service and safety," said Frank White, president/partner of Metro Mechanical. “Partnering with Fidelity BSG will allow us to expand on the very commitments and values that have made us a leader in this space.”
Frank White and Rick White incorporated Metro Mechanical in 1994 as a small HVAC contractor in the Central Mississippi market. Since then, the family-operated company expanded into the HVAC services, plumbing construction and plumbing services markets and grew into one of the largest and most respected commercial mechanical construction and HVAC and plumbing services contractors in Mississippi and Louisiana.
“Metro Mechanical’s results over the last 27 years, along with its focused approach and continued growth opportunity, presented a compelling target for Fidelity BSG,” said Josh Edwards, firmwide director of HORNE Capital. “We feel confident that Frank and Rick found a strong partner for their company’s future, and we look forward to their combined success.”
About HORNE Capital: HORNE Capital is a Mississippi-based investment banking firm that specializes in sell-side transaction advisory services from operational consulting through deal negotiation and due diligence. HORNE Capital serves founders and entrepreneurs in emerging growth and middle market companies. www.hornecapital.com
About Metro Mechanical: Headquartered in Bolton, Mississippi, with service locations in Hattiesburg, Mississippi, Hammond, Louisiana, and Baton Rouge, Louisiana, Metro Mechanical, along with its sister company Metro Building Services, is a full-service commercial construction project and after-installation maintenance provider for HVAC systems, commercial plumbing, and piping systems. https://www.metromechanical.net/
About Fidelity Building Services Group: Based in Sparks, Maryland, Fidelity Building Services Group (Fidelity BSG) was founded in 1945 as a full-service mechanical engineering, contracting and service company that introduced air conditioning, refrigeration and process cooling to a new marketplace. The advent of air conditioning revolutionized the entire building industry, and Fidelity BSG has been on the leading edge ever since. Today, with an intense focus on delivering proactive world-class service, Fidelity BSG is a national premier provider of high-performance integrated technical building services for the commercial and industrial facilities market. https://fidelitybsg.com/
About Oaktree: Oaktree Capital Management is a leading global alternative investment management firm with expertise in credit strategies. Oaktree comprises more than 1,000 employees with offices in Los Angeles (headquarters), New York, Stamford, Houston, London, Paris, Frankfurt, Amsterdam*, Dublin*, Helsinki, Luxembourg*, Dubai, Hong Kong, Tokyo, Singapore, Seoul, Beijing, Shanghai and Sydney. Oaktree manages more than $150 billion in assets under management. https://www.oaktreecapital.com