Generational Equity Advises Jackson Mechanical Service in Partnership With Alpine Investors

By Generational Equity

11/11/2020

Generational Equity, a leading mergers and acquisitions advisor for privately held businesses, is pleased to announce the partnership of its client, Jackson Mechanical Service, Inc., with Orion Group, backed by Alpine Investors.

Jackson Mechanical Service (Jackson), located in Oklahoma City, Oklahoma, provides commercial HVAC, boiler & chiller services. Founded in 1957, through the strong work ethic and morals of their employees, Jackson has grown from a team of three to one of the largest independent commercial HVACR and boiler service providers in Oklahoma by providing customers exceptional service and developing the best technicians in the region.

Alpine is a values-driven private equity firm that is committed to building leading companies by working with, learning from, and developing exceptional people. Alpine specializes in middle-market investments in the software and services industries. Its PeopleFirst™ strategy includes supplementing existing management teams with A+ talent from their Executive-in-Residence programs.

Jackson will serve as the foundation of Orion Group (Orion), Alpine’s newly formed commercial facility services platform. Alpine intends to invest a meaningful portion of its recently raised $1 billion fund in family-owned commercial HVACR and plumbing businesses to build Orion into a national leader. Alpine has been an investor in the HVACR and plumbing trades for more than a decade with its previous investment in The Wrench Group and current investment in Apex Service Partners. Both businesses primarily serve residential customers while Orion serves commercial facilities.

“Orion builds on Alpine’s deep experience in the residential HVAC and plumbing trades by creating a home for commercial service providers,” said Orion CEO, Will Adams. “We intend to partner with companies whose commitment to winning through talent has made them the leaders in their markets. By investing in training and development, and by honoring the unique cultures and brands that our partners have built, we strive to be the employer of choice for the best technicians in the business.”

“Orion’s people-driven philosophy resonated with me and aligns with Jackson’s core values and commitment to our customers,” said Larry Beatty, President of Jackson, who will remain with Orion. “We’re excited about the tremendous growth opportunities that our partnership with Orion will provide members of our team and customers across the State of Oklahoma.”

Generational Equity Executive Managing Director of M&A – Central Region, Michael Goss, and his team, led by Senior Vice President Mergers & Acquisitions, Chris Gain, assisted by Vice President Mergers & Acquisitions, Jacob Mangalath, successfully closed the deal. Senior Managing Director David Pickard established the initial relationship with Jackson.

“Finding a partner who would value the Jackson team and continue to build upon the solid foundation they established was critically important to Larry Beatty,” said Gain. “Orion’s experience in the space and people-first culture provided a perfect fit.”