Boutique investment bank supports sale to Comfort Systems USA
SALT LAKE CITY--(BUSINESS WIRE)--Feb. 2, 2024--
Crewe Capital (Crewe), one of the nation’s leading boutique investment banks, has successfully orchestrated a pivotal transaction for J & S Mechanical Contractors, Inc. (J & S), securing a strategic acquisition by Comfort Systems USA Inc. (NYSE: FIX).
Crewe served as the exclusive transactional advisor to J & S, a West Jordan, Utah-headquartered mechanical construction services firm, to deliver on the owners’ desires to source a partner to continue the company’s long history of operational excellence while preserving the culture, values, and legacy it has built since its founding in 1976.
Throughout its nearly 50-year history, J & S has served commercial and industrial sectors throughout the Mountain West and has worked on many of the largest and most technical construction projects across a wide range of industries.
“J & S is a successful, well-respected, and highly sought-after construction services provider with a great management team that was looking for a partner that shared its vision for the future,” explained Ken Timbers, Managing Director of Crewe. “With a clear understanding of their goals, we were able to guide ownership through a complex process that identified a strong set of transactional opportunities and resulted in a successful outcome.”
After we researched and provided a range of prospective partners and buyers, Houston-based Comfort Systems USA emerged as the clear choice to help pave the way for the company’s next phase of growth. Comfort Systems USA is a leading provider of commercial, industrial, and institutional heating, ventilation, air conditioning, and electrical contracting services across the country, and a partnership with J & S allows for continued development and innovation in the Mountain West.
“As a closely-held business with a tight-knit team, it was critical that we find the right partner to continue the culture we have built at J & S and know that our entire team would be in good hands,” said Jack Jensen, President of J & S. “The Crewe team was with us every step of the way, providing transparency and strategic counsel throughout the process. They were instrumental in helping us foster a strong partnership with Comfort Systems USA.”
Michael Bennett, Managing Partner of Crewe, said, “J & S is great at what they do in providing complex and technical contractor services, and we were energized by the opportunity to support them in what we do best - from preparing the company to go to market to identifying key investment considerations, developing a strong and comprehensive set of prospective partners, and negotiating the terms of a favorable transaction benefiting J & S’s shareholders, employees, and other stakeholders. This was an important deal for the J & S team, to find the right partner to honor the business’s legacy, and it’s rewarding that we were able to help facilitate their success.”
About Crewe Capital
Crewe Capital is a boutique, independent investment banking, securities, and mergers and acquisitions firm that provides a wide range of financial services to corporations, financial institutions, and family offices. The firm’s professionals distinguish themselves through deep industry knowledge and senior banker involvement. Crewe Capital seeks to be its clients’ leading trusted advisor, helping them navigate their most important transactions and providing customized solutions to challenging strategic and financial situations.
Investment banking and M&A activities are offered through Crewe Capital, LLC, a registered broker-dealer with the U.S. Securities and Exchange Commission (www.sec.gov), a member of the Securities Investor Protection Corporation (www.sipc.org), and a member of the Financial Industry Regulatory Authority (www.finra.org).
View source version on businesswire.com:
https://www.businesswire.com/news/home/20240201277274/en/
Haley Rosa
Gregory FCA for Crewe Capital
haley@gregoryfca.com
610-228-2805
Source: Crewe Capital
