Company Description
The Smith & Oby Company is a leading mechanical contractor in the Midwest, providing a variety of valuable technical services and core capabilities, which include plumbing and process piping, HVAC installation, repair and maintenance services, sheet metal fabrication, project budgeting and estimating, and engineering and 3D-Building Information Modeling. The Company primarily serves the healthcare, education, commercial & industrial, and civic end markets.
Services Provided
MelCap Partners served as Smith & Oby’s exclusive investment banker and financial advisor in the sale of the business. We’d like to thank Mr. Mike Brandt, President & CEO, Ted Macfarlane, CFO, and the other shareholders, for hiring MelCap Partners to represent the Company in this once in a lifetime transaction. It was an honor and pleasure to work with them throughout this exciting process
The Result
In an effort to provide the shareholders with liquidity, and to continue to support Smith & Oby’s strategic growth plans, MelCap was able to successfully identify the best partner for the business. As a result, Smith & Oby was sold to McNally Capital headquartered in Chicago, IL. McNally Capital is a family-owned private equity firm targeting thesis-driven investments in the U.S., specifically in founder and management owned companies.
“I would like to thank MelCap Partners for assisting us during our transaction. Selling a company is very stressful and having the experience of the MelCap team made it a lot easier for us. Their attention to detail and expertise exceeded our expectations. I don’t think we could have gotten this deal done as efficiently as we did without them.”
