M&A Deal Summary

Amalgam Capital Acquires Hampton Roads Mechanical of Virginia

On October 15, 2021, private equity firm Amalgam Capital acquired business services company Hampton Roads Mechanical of Virginia

Acquisition Highlights
  • This is Amalgam Capital’s 2nd transaction in the Business Services sector.
  • This is Amalgam Capital’s 2nd transaction in the United States.
  • This is Amalgam Capital’s 1st transaction in Virginia.

M&A Deal Summary

Date 2021-10-15
Target Hampton Roads Mechanical of Virginia
Sector Business Services
Buyer(s) Amalgam Capital
Deal Type Buyout (LBO, MBO, MBI)
Advisor(s) Generational Group (Financial)

Target

Hampton Roads Mechanical of Virginia

Chesapeake, Virginia, United States
Hampton Roads Mechanical of Virginia is a full-service mechanical contractor that 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. Hampton Roads Mechanical of Virginia was formed in 1986 and is based in Chesapeake, Virginia.

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Buyer(S) 1

DESCRIPTION

Amalgam Capital is a private equity firm focused on acquiring lower middle-market, US-based companies with $20 to $100 million of revenue. The Firm will consider a variety of business situations including carve-outs, growth challenged situations, founders looking for liquidity, or distressed situations. Sectors of interest include consumer products, distribution, industrial manufacturing, retail, healthcare, and industrial services. Amalgam Capital was formed in 2020 and is headquartered in Chapel Hill, North Carolina.


DEAL STATS #
Overall 2 of 2
Sector: Business Services M&A 2 of 2
Type: Buyout (LBO, MBO, MBI) M&A Deals 1 of 1
State: Virginia M&A 1 of 1
Country: United States M&A 2 of 2
Year: 2021 M&A 2 of 2
PREVIOUS DEAL
DATE TARGET DEAL TYPE VALUE
2021-10-07 MechanAir

Aurora, Illinois, United States

MechanAir is a provider of commercial HVAC design, installation, and maintenance work with geographic presence in the Midwest and Mid-Atlantic. MechanAir services both public and private sector customers across a range of disciplines and end-markets. MechanAir is based in Aurora, Illinois.

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