Caymus Equity Partners (“Caymus Equity”) has announced that its portfolio company, TriplePoint MEP (“TriplePoint” or the “Company”), completed the acquisitions of Polk Mechanical (“Polk”), Commercial Air Systems (“CAS”), and Professional Air Services (“PAS”).
With a current six-state footprint across the Midwest, the additions of Polk, CAS, and PAS add growing geographies of Texas, North Carolina, South Carolina, and Virginia to the TriplePoint platform. TriplePoint is now ranked as one of the ten largest mechanical contractors in the United States with over $500 million in revenues in a combined ten-state geographic footprint.
Polk is a leading provider of mechanical contracting services to customers in key Texas growth markets including Dallas, Houston, Austin, and San Antonio, with a primary focus on the healthcare and data-center end-markets. The business offers a comprehensive suite of mechanical contracting solutions, including HVACR design and install, plumbing, piping, building automation, sheet metal, millwright services, structural steel erection, heavy equipment installation, medical gas systems, and maintenance and repair services.
The combination of CAS and PAS create a highly complementary operation primarily focused on HVACR retrofit and service in the healthcare, education, and government / municipal end markets. CAS and PAS operate in the growing geographies of North Carolina, South Carolina, and Virginia.
The acquisitions of Polk, CAS, and PAS represent the fourth, fifth, and sixth acquisitions by TriplePoint since Caymus Equity completed a majority recapitalization of the business in March 2018.
To learn more about Polk, visit polkmechanical.com
To learn more about PAS, visit professional-air.com
To learn more about TriplePoint, visit triplepointmep.com