SC&H Capital, a leading investment bank specializing in M&A advisory for middle-market companies, is pleased to announce that the services division assets (“Rommel Services” or “Services”) of Rommel Construction, LLC (“Rommel”) have been acquired by Fidelity Building Services Group (“Fidelity”).
The Services division was developed to facilitate the repairing, replacing, and installing of new systems within the commercial, industrial, government, and institutional markets. In addition to its suite of MEP services, the division offers preventative maintenance plans and 24-hour, 7 days a week emergency service.
Rommel’s owner made the strategic decision to sell his MEP construction and service operations, and a transit-based electrical services contractor specializing in highway lighting and traffic signal modification to focus on his non-construction entities which include ACE Hardware and Harley Davidson retail stores.
SC&H conducted an extensive marketing process offering the entire Rommel operation, individual companies or divisions, or any combination of the above. The owner chose an offer for the Services division from Fidelity, whose experience and culture aligned best with Rommel’s.
“I would like to thank Hank Waida and the team at SC&H Capital for identifying a buyer willing to employ the management team, technicians, and staff of our MEP services division,” said Dave Rommel, CEO, Rommel Construction, LLC. “We are confident Fidelity will continue to provide the quality of work our customer base has come to expect.”
“The teams from both Rommel and Fidelity worked extremely hard to get this deal over the finish line,” said Hank Waida, Principal at SC&H Capital. “We are always pleased when an engagement results in finding a home for the seller’s employees and helps facilitate the buyer’s strategic growth initiative.”
About SC&H Capital
SC&H Capital is an investment banking and advisory firm specializing in mergers and acquisitions (M&A), employee stock ownership plans (ESOP), distressed M&A, capital raises, financial restructurings, and business valuations for middle-market companies nationally. SC&H Capital delivers services across numerous industries including technology, healthcare, manufacturing, business and professional services, and government contracting. We are recognized for delivering relevant market insights and tailored solutions to help owners achieve their true strategic value. To learn more, visit www.schcapital.com.
