M&A Deal Summary

Fidelity BSG Acquires Tropic-Kool

On November 12, 2024, Fidelity BSG acquired consumer services company Tropic-Kool

Acquisition Highlights
  • This is Fidelity BSG’s 1st transaction in the Consumer Services sector.
  • This is Fidelity BSG’s 5th transaction in the United States.
  • This is Fidelity BSG’s 1st transaction in Florida.

M&A Deal Summary

Date 2024-11-12
Target Tropic-Kool
Sector Consumer Services
Buyer(s) Fidelity BSG
Deal Type Add-on Acquisition

Target

Tropic-Kool

Largo, Florida, United States
Tropic-Kool is a commercial design-build and HVAC/Mechanical services contractor serving the Tampa Bay, Florida area, with expertise in the Healthcare, Education, and Commercial/Industrial sectors. Tropic-Kool was formed in 1978 and is headquartered in Largo, Florida.

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Buyer(S) 1

Buyer

Fidelity BSG

Hunt Valley, Maryland, United States

Category Company
Sector Engineering
DESCRIPTION

Fidelity BSG is a provider of technical building solutions for the commercial and industrial facilities market, delivering best-in-class, non-discretionary services through every phase of a building’s lifecycle. Fidelity BSG is headquartered in Hunt Valley, Maryland.


DEAL STATS #
Overall 5 of 7
Sector: Consumer Services M&A 1 of 1
Type: Add-on Acquisition M&A Deals 5 of 7
State: Florida M&A 1 of 2
Country: United States M&A 5 of 7
Year: 2024 M&A 3 of 3
PREVIOUS DEAL
DATE TARGET DEAL TYPE VALUE
2024-10-07 Nason Mechanical Systems

Auburn, Maine, United States

Nason Mechanical Systems is a full-service HVAC/Mechanical Services contractor that serves clients in medical, educational, industrial, food service, and commercial markets, with a focus on service and maintenance, as well as specializing in design-build solutions, energy efficiency, and high-pressure steam plant management. Nason Mechanical Systems is based in Auburn, Maine.

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FOLLOWING DEAL
DATE TARGET DEAL TYPE VALUE
2025-06-09 Cyrco

Greensboro, North Carolina, United States

Cyrco is a provider of comprehensive cooling tower services, including the construction or overhaul of field-erected and factory-assembled cooling towers. It offers repair and reconstruct cooling towers of all types, fabricate custom replacement parts, and deliver innovative, in-house engineered solutions. Cyrco is based in Greensboro, North Carolina.

Buy -