Crescendo Capital Partners (“Crescendo”) is pleased to announce that it has successfully exited its investment in United Building Solutions, LLC (“UBS”) through a sale to AE Industrial Partners (“AE”). UBS is a leading provider of specialty mechanical services serving commercial building owners in the Pennsylvania, New Jersey and New York markets.
Crescendo, in partnership with New Spring Capital (“New Spring”), created UBS with the acquisitions of Lor-Mar Mechanical Services, Inc. (“Lor-Mar”) in 2020, and Unitemp, Inc. (“Unitemp”), Mechanical Degrees, Inc. (“MDI”) and A&B HVAC Services, Inc. (“A&B”) in 2022. Each business had a strong team that developed leadership positions in their respective markets over many decades. Through targeted investment in the management team and service offering, Crescendo oversaw UBS’s transition from a collection of mechanical building and construction companies into an integrated organization offering owner-direct service and solutions to a thriving, complex, commercial customer base. The result is a strong business with stickier customer relationships and increasingly predictable earnings, poised to continue leading significant growth of its platform. UBS is now a trusted full-service partner to building owners with capabilities spanning design-build, installation, renovation, preventative maintenance, repair. building controls and analytics.
“Crescendo has been a supportive and collaborative partner for UBS, empowering the management team and encouraging both growth and stability to the benefit of all UBS employees and stakeholders,” said David Leathers, CEO of UBS. “Crescendo’s ethos of ‘we take care of employees, employees take care of customers, and customers take care of us’ facilitated the customer and solutions focus that UBS has become known for and culminated in an exciting new chapter for us with AE.”
“As with any trade-focused business, UBS’s success is directly attributable to its fantastic people, from the field to the executive team. Through the hard work and dedication of the team, UBS was able to achieve significant growth during our investment period and is incredibly well positioned for the future,” noted Mike MacRitchie, Chairman of UBS and Crescendo’s Managing Partner. “We are proud of what we achieved together with the UBS team and look forward to cheering our former teammates on from the sideline as UBS continues to grow and provide opportunities for its people and solutions for its customers,” added Crescendo Principal, Joel Gaynor.
William Blair acted as exclusive financial advisor and Loeb & Loeb as legal advisor to UBS.
Crescendo invests in middle-market companies at an inflection point, bringing capital and scaling skills to unleash latent growth potential. Crescendo has made 15+ platform acquisitions totaling $500M+, and has a particular expertise in the construction trades.