Denver, CO – October 25, 2018 – Capstone Headwaters, a leading international investment banking firm, announced that it has successfully advised Mai Mechanical, Corp. (the "Company") on its acquisition by J.R. Hobbs, a portfolio company of Gladstone Investment Corporation. The terms of the transaction were not disclosed.
Mai Mechanical is a leading mechanical contractor providing plumbing and HVAC installation, maintenance and service solutions to the multi‐family, commercial and senior living markets. For nearly four decades, Mai Mechanical has developed a reputation for unmatched industry expertise, quality work and timely completion of projects for many of the Nation’s top developers. Mai Mechanical is an industry pioneer, horizontally integrating multiple services including plumbing and hydronic heat, HVAC ductwork, chilled water and mechanical piping and complete mechanical systems.
Headquartered in Lawrenceville, GA, J.R. Hobbs is a leading mechanical solutions company providing design-build HVAC systems and services for multi-family and commercial properties in the Southeast region of the United States. With operations in eleven states across the Southeastern U.S., J.R. Hobbs is quickly becoming one of the largest mechanical contractors in the nation.
"We’re extremely excited to partner with the team at Mai Mechanical," said Dave Harper, CEO of J.R. Hobbs. "For over 40 years, Mai Mechanical has serviced its customers with high-quality plumbing and mechanical solutions. We look forward to preserving Mai Mechanical’s legacy and building on the growth they’ve achieved over the past several years."
“Mai Mechanical is the leading mechanical contractor to the multi-family construction industry in its region,” said Darin Good, Managing Director for Capstone Headwaters’ Building Products and Construction Services Team. “We greatly enjoyed working with the Mai team and are optimistic about the future under J.R. Hobbs’ leadership.”
Capstone Headwaters LLC is an elite investment banking firm dedicated to serving the corporate finance needs of middle market business owners, investors and creditors. Capstone Headwaters provides merger & acquisition, private placement, business consulting, corporate restructuring, valuation, and strategic advisory services across 16 industry verticals to meet the lifecycle needs of emerging enterprises. Headquartered in Boston, MA and Denver, CO, Capstone Headwaters has 20 offices in the US, UK, and Brazil with a global reach that includes over 300 professionals in 34 countries. For more information, visit www.capstoneheadwaters.com.