Stellus Capital Management’s affiliates provided senior debt financing and equity co-investment to support Stellex Capital’s acquisition of TriplePoint, a non-union provider of HVACR installations, maintenance, repair, design and consulting services to commercial clients.
“Stellex has a strong history of partnering with field services businesses in an effort to support them in the next phase of growth,” Michael Cochran, principal at Stellex, said. “We look forward to supporting TriplePoint’s organic and prospective M&A focused expansion plan, as we seek to expand the Company’s maintenance and repair service capabilities. We appreciate Stellus’ ability to work quickly and efficiently in support of a successful and timely transaction process.”
“We are excited to partner with Stellex on another transaction, along with TriplePoint management,” Doug Bollermann, managing director at Stellus, said. “The company’s full suite of service capabilities, reputation for high-quality job performance and Stellex’s industry expertise position the company well for continued growth.”
