HNS Partners Advises Stegall Mechanical in Sale to Grizzly MEP
HNS Partners ("HNS") is pleased to announce that Stegall Mechanical ("Stegall" or "the Company"), a leading provider of commercial mechanical, electrical and plumbing ("MEP") services across Alabama and the broader Southeast, has partnered with Grizzly MEP ("Grizzly"), a commercial MEP platform backed by Garnett Station Partners.
Founded in 1957 and headquartered in Birmingham, Alabama, Stegall operates as an integrated three-division platform across plumbing, HVAC and electrical, serving a diverse roster of blue-chip commercial customers. With nearly seven decades in operation, Stegall has built a trusted reputation for quality, reliability and technical expertise across the region.
“What drew us to Stegall is the business they've built over nearly seven decades: strong customer relationships, a culture of quality and a management team committed to excellence. Our goal is to accelerate that momentum while preserving what has made them successful,” said John Adams, Chief Executive Officer of Grizzly MEP.
The partnership with Grizzly positions Stegall to expand into new end markets and gain new customers across the Southeast while preserving its commitment to culture and a customer-first approach that have defined the brand for nearly 70 years. Stegall also gains access to enhanced technological and operational capabilities, strategic capital and enterprise-level infrastructure. The transaction further expands Grizzly's platform, which includes partnerships with Vermont Mechanical, Excel MEP, Air Design Systems and Stiles Heating & Cooling.
Jimbo Rudloff, President of Stegall Mechanical, commented, "We are excited to join Grizzly MEP and its outstanding team and culture. Under CEO John Adams' leadership and with Garnett Station Partners' strategic and financial support, our company is poised for strong regional growth. We are grateful to the team at HNS for guiding us to the right buyer and managing every aspect of the transaction process."
Will Edmonds, Vice President at Garnett Station Partners, added, "We have long circled Birmingham as a target market for the Grizzly platform and could not be more excited to announce our new partnership. Stegall reflects everything we look for in a partner brand: a trusted regional leader with a best-in-class team and clear room to grow.”
Sam Stevens, Associate at HNS Partners, said, "Stegall is a market-leading commercial MEP company with a decades-long reputation for quality and customer service. We are confident that Grizzly and Garnett Station Partners are the right partners to support the Company through its next phase of growth."
Brooke Wahl, Managing Director at HNS Partners, added, "Businesses like Stegall rarely come to market. Our objective was to find a partner who could accelerate the Company's growth while preserving the culture and values behind its success - and in Grizzly and Garnett Station, we found exactly that. We are proud of our team at HNS and grateful for the leadership of Sam Stevens, whose guidance and commitment were instrumental throughout the process.”
About Stegall Mechanical
Founded in 1957 and headquartered in Birmingham, Alabama, Stegall Mechanical is a leading provider of mechanical, electrical and plumbing services to commercial customers across Alabama and the broader Southeast. Stegall operates an integrated three-division platform across plumbing, HVAC and electrical, serving customers in industrial, utility, education, healthcare, food and hospitality, retail and property end markets.
About Grizzly MEP
Grizzly MEP is a commercial mechanical, electrical and plumbing platform focused on partnering with best-in-class founders and management teams across the United States to build a network of leading commercial MEP service providers. Grizzly MEP is committed to supporting its high-quality, customer-focused businesses with investments in infrastructure, technology and growth. For more information, please visit grizzlymep.com.
About Garnett Station Partners
Garnett Station Partners is a principal investment firm founded in 2013 by Matt Perelman and Alex Sloane that manages over $4 billion of assets. The firm partners with experienced and entrepreneurial management teams and strategic investors to build value across its portfolio of growth platforms, with core sectors including consumer and business services, health and wellness, automotive, and food and beverage. For more information, please visit garnettstation.com.
About HNS Partners
HNS Partners is a middle-market investment bank offering financial advisory and M&A transaction services to outstanding private companies. The firm's advisory practice provides confidential, strategic and thoughtful advice to companies across multiple industries with a specific focus on the business and consumer services sectors. Principals of HNS acted in their capacity as licensed investment banking agents of unaffiliated broker-dealer M&A Securities Group, Inc., member FINRA/SIPC. For more information, please visit hns-partners.com, or contact Brooke Wahl at brooke@hns-partners.com.