Craft Work Capital Partners LLC, a strategic investor exclusively focused on mechanical, electrical, and other related specialty contracting firms, has completed a control investment in Coastal Mechanical Services LLC through its Rogers Mechanical Contractors platform. The two companies will join forces to provide mechanical, HVAC and plumbing construction, and maintenance services throughout the Southeast and across the nation. Coastal will remain under its current name and the continued leadership of Jeff Geiger, president, and vice presidents, Brian Campbell and Chandler Gingras.
Headquartered in Melbourne, Florida, Coastal is a market contractor with five operating locations across Florida. Its platform includes extensive in-house capabilities for all aspects of pre-construction, fabrication, installation and service. Coastal serves an array of customers across Florida, with sector coverage including healthcare, education, and aerospace and defense.
“Coastal is a truly impressive company with a committed, talented management team and a dedicated, highly skilled work force,” said Jeremy McGuire, president of Craft Work. “Coastal’s high caliber team will blend seamlessly with Craft Work’s Rogers platform to create incredible synergies.”
“The combination of Coastal and Rogers, each a very strong company in their own right, will create a true powerhouse mechanical contractor in the region with unparalleled capabilities, skills, reach and relationships,” added Dave Orinski, senior vice president of Craft Work. “We look forward to working with both companies to build upon their first-rate track records of growth and performance,”
“The Coastal team adheres to a set of core values: Quality, Pride and Respect,” said Geiger. “We know the Craft Work and Rogers teams hold these same values and will make excellent partners for Coastal as we move forward towards what will be an exciting future.”
Dustin Rogers, CEO of Rogers Mechanical Contractors, stated, “Just like Coastal, the team culture we have built at Rogers is vital to how we operate. We are thrilled to have Coastal as a partner as we jointly pursue ever greater levels of performance on behalf of our customers.”
Fifth Third Securities and Foley & Lardner LLP advised Coastal on the transaction. FMI Capital Advisors Inc., Neal Gerber & Eisenberg LLP, The Mahorsky Group, and CohnReznick LLP advised Craft Work Capital Partners and Rogers Mechanical Contractors.