Blue Point Capital Partners and its Blue Point III portfolio company, Sylvan Group, a North American providers of industrial pipe installation and fabrication, millwright and rigging, electrical, boiler and turbine contracting services, has acquired Great Lakes Mechanical. .
“We have enjoyed a positive working relationship with GLM for many years and have seen firsthand the high-quality work and excellent customer service the team provides,” said Sylvan CEO Robert Metz. “We are thrilled to formally welcome GLM to the Sylvan family.”
“We couldn’t have found better stewards for the future of our family business than the Blue Point and Sylvan teams. They bring not only industry expertise that will help the Company continue to grow, but also the perfect cultural fit to take care of our employees and customers,” said GLM president Mark Perpich.
“The addition of GLM aligns perfectly with our ongoing growth strategy for Sylvan,” said Blue Point partner Jonathan Pressnell. “In parallel with our investments in the Company’s organic growth, we plan to make further strategic acquisitions of culturally compatible companies that can expand service offerings, end markets and geographies served—just as GLM will.”
Blue Point was represented by BakerHostetler, and Stout acted as the exclusive financial and tax advisor in connection with the transaction.