HORNE Capital, a mergers and acquisitions advisory firm, recently served as the exclusive financial advisor to Mechanical Engineering & Construction Corporation (MEC2), a full-service mechanical engineering and construction firm, in its sale to CoolSys, a market-leading provider of sustainable refrigeration, HVAC, energy and engineering solutions.
“At MEC², our dynamic team and dedicated personnel take pride in delivering outstanding results for our clients,” said MEC² Principal Fred Kawa. “In joining CoolSys, we plan to continue our legacy and commitment to exceeding client expectations with expanded resources and capabilities.”
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Founded in 2003, MEC² provides a full range of services, including commercial mechanical engineering, building information modeling (BIM) coordination, mechanical construction, startup and commissioning work and HVAC service and maintenance.
“We are excited with the joining of forces between MEC² and CoolSys,” said HORNE Capital Partner Josh Edwards. “This unification brings a unique partnership in an industry where we have seen a lot of consolidation. Congratulations to MEC² owners Fred Kawa and Rich Beattie, CoolSys and both teams. We enjoyed helping Fred and Rich assess their options, execute their plans and evaluate their interest from a very competitive process.”
MEC² serves customers throughout the greater District of Columbia, North Virginia and Maryland geographic areas. With its main office in Catonsville, Maryland, MEC² has a second office in Ashburn, Virginia, along with a centralized delivery facility between the two locations.
“This transaction is the culmination of many years of work by Fred, Rich and the MEC² team,” said HORNE Capital Director Neal Stephens. “They have built a dynamic business with deep relationships and capabilities in Maryland and Virginia, allowing us to bring an attractive opportunity to market. The HORNE Capital team enjoyed working with the MEC² team and is proud to have helped them find the right buyer and partner for their continued success.”
