Transaction Overview
- Represented Yale Mechanical, LLC (“Yale” or the “Company”) in its sale to Service Logic.
- Yale Mechanical is a mechanical and industrial contractor that offers a blend of technically demanding services to businesses in the Upper Midwest. The Company operates from a single leased facility in suburban Minneapolis, Minnesota. Over its 79-year history, Yale has established a strong brand in a well-defined market niche.
- This is a key aspect of Yale’s business model and market niche. The Company foregoes “elephant hunting” in favor of the stable and predictable revenue that comes from recurring work and smaller projects. The diversity of Yale’s revenue streams distinguishes it from competitors that operate in narrower segments.
- Service Logic, headquartered in Charlotte, NC, is the nation’s leading independent provider of aftermarket maintenance, repair, and replacement services for commercial HVAC equipment, chilled water systems, and building automation and controls systems. Service Logic is a key partner to its customers over the full HVAC equipment lifecycle and offers a one-stop solution for all HVAC equipment needs, ranging from routine preventative maintenance to complex work on chillers and building monitoring systems. The Company serves a highly diversified customer base across a variety of end markets, including commercial office, mission-critical facilities, education, industrial, hospitality, healthcare, and government.