M&A Deal Summary

Delos Capital and Amalgam Capital Acquire MechanAir

On October 7, 2021, private equity firms Delos Capital and Amalgam Capital acquired business services company MechanAir

Acquisition Highlights
  • This is Delos Capital’s 2nd and Amalgam Capital’s 1st transaction in the Business Services sector.
  • This is Delos Capital’s 8th and Amalgam Capital’s 1st transaction in the United States.
  • This is Delos Capital’s 2nd and Amalgam Capital’s 1st transaction in Illinois.

M&A Deal Summary

Date 2021-10-07
Target MechanAir
Sector Business Services
Buyer(s) Delos Capital
Amalgam Capital
Deal Type Consolidation

Target

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.

Search 214,107 Deals Now

SEARCH BY

  • Buyer Type (PE or Strategic)
  • Deal Size ($10M to $10B+)
  • Sector (60 Sectors)
  • Deal Type
  • Geography
  • & More

Try Free

Buyer(S) 2

DESCRIPTION

Delos Capital LLC is a private equity firm that partners with strong management teams and strategic owners to invest in lower middle market companies. Delos Capital LLC was founded in 2013 and is based in New York, New York.


DEAL STATS #
Overall 9 of 12
Sector: Business Services M&A 2 of 2
Type: Consolidation M&A Deals 1 of 2
State: Illinois M&A 2 of 2
Country: United States M&A 8 of 11
Year: 2021 M&A 1 of 3
PREVIOUS DEAL
DATE TARGET DEAL TYPE VALUE
2019-11-04 BancTec

Irving, Texas, United States

BancTec, Inc. is a business process outsourcing, providing financial transaction automation and document management services for organizations seeking to drive efficiency in their financial back-office processes. With clients in 50 countries, BancTec operates more than 20 delivery centers worldwide, utilizing a common technology platform to deliver reliability, security, and consistently high levels of performance. BancTecwas founded in 1972 and is based in Irving, Texas.

Sell -
FOLLOWING DEAL
DATE TARGET DEAL TYPE VALUE
2021-10-25 ACTGeo

Irvine, California, United States

ACTGeo designs, fabricates, and installs methane gas and vapor intrusion mitigation systems and other geotechnical and environmental engineering services. ACTGeo is based in Irvine, California.

Buy -
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 1 of 2
Sector: Business Services M&A 1 of 2
Type: Consolidation M&A Deals 1 of 1
State: Illinois M&A 1 of 1
Country: United States M&A 1 of 2
Year: 2021 M&A 1 of 2
FOLLOWING DEAL
DATE TARGET DEAL TYPE VALUE
2021-10-15 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.

Buy -