Rommel Services (“Services”) encompasses the M&E services division of Rommel Construction, LLC (“Rommel”), an established MEP contractor located in the Mid-Atlantic. The 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.
A change in accounting systems caused issues with the company’s surety. Rommel’s owner made the strategic decision to sell his MEP construction and service operations as well as a transit based electrical services contractor specializing in highway lighting and traffic signal modification to municipal and commercial clients in Maryland and Delaware.
SC&H was engaged to advise on how best to maximize value and capitalize on Rommel’s long standing commercial and government relationships, experienced workforce, and arsenal of equipment.
SC&H conducted an extensive marketing process offering the entire company, individual divisions, or any combination of the above. The owner chose an offer from Fidelity for the Services division which did not include any bonded contracts and needed little buy in from the surety to get approved. This offer also paid off the outstanding credit obligations for that division, provided a payment to the surety towards the parent company’s obligation to them, and kept the management, technicians, and other staff employed.
