Add-on Acquisition • Business Services

Modigent Acquires CFM Mechanical

On January 29, 2019, Modigent acquired business services company CFM Mechanical

Acquisition Context
  • This is Modigent’s 3rd transaction in the Business Services sector.
  • This is Modigent’s 3rd transaction in the United States.
  • This is Modigent’s 3rd transaction in Arizona.

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M&A Deal Summary

Date January 29, 2019
Target CFM Mechanical
Sector Business Services
Buyer(s) Modigent
Deal Type Add-on Acquisition

Target Company

CFM Mechanical

Phoenix, Arizona, United States
CFM Mechanical LLC is a provider of HVAC solutions for tenant improvement customers. CFM provides service, retrofit, and installation of HVAC systems to Arizona’s commercial properties industry. The company has deep and longstanding direct customer relationships with many property owners and managers. CFM’s team of highly skilled technicians and experts in the tenant improvement area broadens Pueblo’s offering and resources in the expanding Arizona market.
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Buyer Overview 1

Buyer

Modigent

Phoenix, Arizona, United States

Category Company
Founded 2001
Sector Business Services
DESCRIPTION

Modigent is a provider of full spectrum of HVAC replacement, retrofit and repair services primarily for facilities in education, municipal, and healthcare end markets throughout Arizona. The company have continued to perform exceptional HVAC service and installation for school districts, governmental agencies, municipalities, and private firms. Modigent was founded in 2001 and is based in Phoenix, Arizona.


Deal Context for Buyer #
Overall 3 of 11
Sector: Business Services 3 of 10
Type: Add-on Acquisition 3 of 10
State: Arizona 3 of 4
Country: United States 3 of 11
Year: 2019 3 of 6
PREVIOUS DEAL
DATE TARGET DEAL TYPE VALUE
2019-01-29 Newgaard Mechanical

Chandler, Arizona, United States

Newgaard Mechanical, Inc. designs, installs, and services HVAC systems across a range of industries including industrial, commercial office, hospitality, education, and transportation. Newgaard provides a full spectrum of services including mechanical system installation, maintenance, fabrication, controls, plumbing, and piping. The company’s staff of experienced technicians and system design expertise will enhance Pueblo’s capability and capacity to design, build and maintain complex systems for sophisticated customers across Arizona.

Buy -
FOLLOWING DEAL
DATE TARGET DEAL TYPE VALUE
2019-05-20 Westover - Arizona Operations

Denver, Colorado, United States

Westover Corp. - Arizona Operations provides HVAC controls services to municipal, commercial and industrial customers.

Buy -