Generational Equity Advises Hampton Roads Mechanical of Virginia in its Sale to Amalgam Capital
By Generational Equity
10/15/2021
Generational Equity, a leading mergers and acquisitions advisor for privately held businesses, is pleased to announce the sale of its client, Hampton Roads Mechanical, Inc., to Amalgam Capital LLC. The acquisition closed September 2, 2021.
Founded in 1986, Hampton Roads Mechanical of Virginia (HRMVA) is a full-service mechanical contractor in Chesapeake, Virginia. The Company provides mechanical services for commercial, industrial, medical, and institutional facilities throughout Southeast Virginia and Northeast North Carolina. HRMVA seeks to exceed customers’ expectations by providing high-quality, cost-effective mechanical construction in a professional and timely manner.
Amalgam Capital, LLC, located in Chapel Hill, North Carolina, acquires and sustainably grows underrated businesses as independent sponsors. Their multidisciplinary team of investors, entrepreneurs, and operators has created substantial value for others. The firm seeks to invest in consumer products, distribution, industrial manufacturing, retail, healthcare, and industrial services. This acquisition was made under their newly formed holding company, Mechanair, simultaneous to one other acquisition in the same industry.
Generational Equity Executive Managing Director, M&A-Technology Practice Leader, David Fergusson, and his team, led by Managing Director, Mergers and Acquisitions, Jack Sluiter, with the support of Vice President, M&A, Tristan Keeffe, successfully closed the deal. Senior Managing Director Terry Stidham established the initial relationship with HRMVA.
“This is an exciting addition to Amalgam’s growing portfolio of industrial mechanical companies under their holding company, Mechanair,” said Sluiter. “I’m sure we’ll see more activity from them in the near future.”
About Generational
Generational Group, headquartered in Dallas, is a leading, award winning, full-service M&A advisory firm. With more than 350 professionals located throughout 16 offices in North America, the company helps business owners release their business’ wealth by providing growth consulting, merger, acquisition, and wealth management services. The Generational suite of advisory services includes strategic growth consulting, exit planning education, business valuation, value enhancement strategies, M&A services, digital services, and wealth management.
The M&A Advisor named Generational Group Investment Banking Firm of the Year in 2016, 2017, 2018, 2022 & 2024. They also awarded us Valuation Firm of the Year and M&A Consulting Firm of the Year in 2022 and 2023. For more information, visit: https://www.generational.com.