Caymus Equity Partners LLC (“Caymus Equity”) has announced that its portfolio company, Temp-Con LLC (“Temp-Con”), has completed a strategic combination with TP Mechanical Contractors, Inc. (“TP Mechanical” or the “Company”). Temp-Con is the largest non-union provider of commercial heating, ventilation, air conditioning, and refrigeration (“HVACR”) installations, maintenance and repair services in the greater Kansas City area. Temp-Con primarily serves the Kansas, Missouri, and Nebraska markets. TP Mechanical is a leading full service mechanical contractor with operations in markets adjacent to Temp-Con – Ohio, Indiana, and Kentucky.
TP Mechanical offers a comprehensive suite of mechanical contracting solutions, including HVACR design and install, pre-fabrication, fire protection, plumbing, maintenance and repair services. The Company possesses a robust, diversified revenue base and is recognized as the leading provider within the education and healthcare end markets. Additionally, TP Mechanical differentiates itself through an unrivaled technical reputation aided by a longstanding apprenticeship program and impressive safety track record.
The strategic combination with TP Mechanical creates a highly complementary operation with an end-to-end service offering, substantially increasing Temp-Con’s scale and geographic footprint. The combined business now reaches across six contiguous states in the Midwest region.
TP Mechanical represents the third transaction for Temp-Con since Caymus Equity partnered with Centerfield Capital Partners to complete a majority recapitalization in March 2018. Temp-Con acquired Cobb Refrigeration in December 2019 and Hamilton Service Company in October 2020.