Metro Mechanical is the leading provider of mechanical and process systems solutions for a wide variety of commercial, industrial and institutional customers in the greater Phoenix, Arizona metropolitan market.
Client Goals
After being approached by a potential strategic acquirer, the shareholders needed assistance in evaluating the offer. They also were interested in assessing alternative liquidity options that would not require them to completely exit the business.
Solution
Sale of 100% of the Company
A formal transaction marketing process generated proposals from several strategic and financial buyers that provided Metro and its shareholders with distinct alternatives. A deal ultimately was struck with Johnson Controls, Inc. (NYSE: JCI) at a substantially higher valuation than the original offer received by Metro. As a result of the transaction, Metro’s shareholders gained a highly strategic investor with significant resources and an operational infrastructure to support Metro’s continued growth, cash liquidity and continued senior management roles.