M&A Deal Summary

Sound Partners and Calico Group Acquire The Mechanical Group

On February 1, 2023, private equity firms Sound Partners and Calico Group acquired business services company The Mechanical Group

Acquisition Highlights
  • This is Sound Partners’ 2nd and Calico Group’s 2nd transaction in the Business Services sector.
  • This is Sound Partners’ 2nd and Calico Group’s 3rd transaction in the United States.
  • This is Sound Partners’ 2nd and Calico Group’s 2nd transaction in Nevada.

M&A Deal Summary
Date 2023-02-01
Target The Mechanical Group
Sector Business Services
Buyer(s) Sound Partners
Calico Group
Deal Type Consolidation

Target

The Mechanical Group

Las Vegas, Nevada, United States
The Mechanical Group is an integrated, turnkey provider of comprehensive HVAC-R service for businesses and commercial enterprises across the Southwest. The company provides a full range of HVAC-R services, including installation, maintenance, and repair, to commercial clients in various industries, including healthcare, technology, and real estate. The Mechanical Group is based in Las Vegas, Nevada.

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Buyer(S) 2

Buyer

Sound Partners

Category Private Equity Firm
Founded 2022
Size Small
Type Sector Agnostic
DESCRIPTION

Sound Partners is a private equity firm focused on partnering with founder owned and family owned companies. Sound has a particular interest in working with businesses at an inflection point where the Firm's operational expertise can help transition the business to its next stage of growth. Sound Partners was formed in 2022 and is based in Los Angeles, California.

DEAL STATS #
Overall 2 of 3
Sector (Business Services) 2 of 3
Type (Consolidation) 1 of 1
State (Nevada) 2 of 2
Country (United States) 2 of 3
Year (2023) 1 of 2
PREVIOUS DEAL
DATE TARGET DEAL TYPE VALUE
2022-10-01 Tradewinds Mechanical

Las Vegas, Nevada, United States

Tradewinds Mechanical is a commercial HVAC-R company that provides HVAC-R services to commercial clients, including installation, maintenance, and repair. Tradewinds Mechanical was founded in 2009 and is based in Las Vegas, Nevada.

Buy -
FOLLOWING DEAL
DATE TARGET DEAL TYPE VALUE
2023-04-10 Marathon HVAC Service

Los Angeles, California, United States

Marathon HVAC Service is a residential HVAC company which offers a comprehensive range of heating, ventilation, and air conditioning solutions. Marathon HVAC Service was founded in 1990 and is based in Los Angeles, California.

Buy -
Buyer

Calico Group

Investor Investor

Category Private Equity Firm
Founded 2020
Size Small
Type Sector Agnostic
DESCRIPTION

Calico Group is a private investment firm focused on investing in a variety of businesses at various stages of development, including pre-revenue startups, mature operating businesses, and real estate. Broad areas of interest include logistics, business services, consumer services, and technology. Calico was formed in 2020 and is based in Casper, Wyoming.

DEAL STATS #
Overall 3 of 3
Sector (Business Services) 2 of 2
Type (Consolidation) 1 of 1
State (Nevada) 2 of 2
Country (United States) 3 of 3
Year (2023) 1 of 1
PREVIOUS DEAL
DATE TARGET DEAL TYPE VALUE
2022-10-01 Tradewinds Mechanical

Las Vegas, Nevada, United States

Tradewinds Mechanical is a commercial HVAC-R company that provides HVAC-R services to commercial clients, including installation, maintenance, and repair. Tradewinds Mechanical was founded in 2009 and is based in Las Vegas, Nevada.

Buy -
FOLLOWING DEAL
DATE TARGET DEAL TYPE VALUE
2023-06-13 Tradewinds Mechanical

Las Vegas, Nevada, United States

Tradewinds Mechanical is a commercial HVAC-R company that provides HVAC-R services to commercial clients, including installation, maintenance, and repair. Tradewinds Mechanical was founded in 2009 and is based in Las Vegas, Nevada.

Sell -
Mergr

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