has been acquired by
Entek is a leading provider of commercial HVAC, building automation, and energy services.
Entek
Type
M&A Sell-Side
Description
Entek, comprising Engineered Technical Services, Inc. and Engineered Comfort Services, Inc., specializes in commercial HVAC, building automation, and energy services. Seeking shareholder liquidity and growth support, Entek partnered with Croft & Bender, resulting in a majority recapitalization deal with PremiStar, a Partners Group portfolio company, facilitated by Croft & Bender's assistance in developing marketing materials, financial modeling, managing presentations, due diligence, and negotiations.
has been acquired by
Entek is a leading provider of commercial HVAC, building automation, and energy services.
About
Engineered Technical Services, Inc. and its affiliated entity Engineered Comfort Services, Inc. (together, "Entek" or the "Company") are a leading provider of commercial HVAC, building automation, and energy services
Situation
Entek engaged Croft & Bender to help the Company find a partner to provide shareholder liquidity, support its continued growth, and provide a path for the founder to eventually transition from the business. Croft & Bender worked with the Company to develop marketing materials, build a financial model, conduct management presentations, manage the diligence process, and negotiate with potential buyers.
Result
Croft & Bender successfully negotiated a majority recapitalization with PremiStar, a portfolio company of Partners Group.