Flow Service Partners

Flow Service Partners, a Portfolio Company of RLJ Equity Partners and LP First Capital, Acquires R Brooks Mechanical Heating and Air Conditioning – HVAC Insider

August 02, 2022

Movement Company Associates (“Flow” or the “Company”), a portfolio corporation of RLJ Equity Companions (“RLJ”), an affiliate of The RLJ Companies, and LP 1st Capital (“LPFC”), announced today the acquisition R Brooks Mechanical Heating and Air Conditioning (“R Brooks”). This acquisition strengthens Flow’s complex abilities and expands the Company’s geographic footprint into Maryland, Pennsylvania, and Delaware. Economic conditions of the transaction ended up not disclosed.

Established in 2001, R Brooks is a company of heating, air flow, and air conditioning (“HVAC”) products and services to commercial, federal, and residential customers. R Brooks is headquartered in Growing Solar, Maryland and not long ago opened a 2nd place in Kennett Sq., Pennsylvania. R Brooks has a sturdy standing for top quality get the job done, responsiveness, and excellent buyer support, which has resulted in substantial repeat organization with its customer foundation.

“Partnering with Move represents a transformational expansion option for R Brooks,” reported Prosperous Brooks, President of R Brooks Mechanical Heating and Air Conditioning. “We are thrilled to husband or wife with Flow, RLJ and LPFC and believe that this mix will be remarkably useful to our customers, workers, and communities that we provide.”

“The blend of Stream and R Brooks extends our geographic achieve into the Mid-Atlantic states and opens up added organic progress alternatives for the Stream platform,” mentioned Michael Epperson, President & CEO of Movement Support Companions.

“R Brooks has a fantastic reputation, notably for excellent get the job done and purchaser service, which aligns properly with our vision for the Flow system,” reported Nigel Howard, Taking care of Director at RLJ Equity Companions. “We are energized about partnering with R Brooks and developing collectively.”

“This partnership will develop our support abilities and allows us to provide outstanding high quality and buyer assistance to existing Move and R Brooks prospects,” reported Thomas Ince, Handling Director at LP 1st Funds.

R Brooks signifies Flow’s fourth acquisition, and the Firm intends to proceed pursuing more include-on acquisition alternatives to develop servicing scale in HVACR and plumbing as perfectly as increase its geographic footprint, particularly in the Mid-Atlantic and Southeast states.

RLJ provided the controlling equity for the transaction. Fifth 3rd Lender, NA and Brookside Capital Partners supplied the transaction financial debt and fairness co-investment decision to aid aid the transaction. DLA Piper LLP served as legal advisor and LBMC served as monetary advisor. Emerge M&A served as the offer-side advisor to R Brooks.

About RLJ Fairness Associates (“RLJ”): Headquartered in Bethesda, MD, RLJ Equity Partners is a center-current market non-public equity business with somewhere around $440 million in money underneath management focused on building extended-phrase capital appreciation by investing in worthwhile and rising firms led by powerful administration groups. Founded in 2006 by Robert L. Johnson, RLJ originates and invests in regular buyouts and leveraged recapitalizations. RLJ Fairness Associates is a portfolio organization of The RLJ Corporations. For much more information and facts, remember to pay a visit to www.rljequitypartners.com.

About The RLJ Providers: Founded by Robert L. Johnson and headquartered in Bethesda, MD, The RLJ Companies is an innovative enterprise community that supplies strategic investments to a varied portfolio of corporations in the media and entertainment, economical companies, authentic estate, hospitality, and gaming industries. Prior to founding The RLJ Providers, Johnson founded Black Amusement Television. For additional data pay a visit to: www.rljcompanies.com.

About LP Initially Funds (“LPFC”): Headquartered in Austin, TX, LP Initial Cash is a lessen middle-sector non-public fairness business focused on the healthcare, business enterprise providers and education industries. LPFC specializes in expansion cash, system roll-ups, buyouts, and recapitalizations. LPFC’s sweet location is to lover with founder-led or household enterprises and help them scale to the upcoming level by offering industry operational knowledge and the proper capital framework. For far more facts, make sure you check out www.lpfirstcapital.com.

About Movement Support Companions (“Flow”): Headquartered in Nashville, TN, is a supplier of heating, air flow, air conditioning, and refrigeration (“HVACR”) and plumbing products and services, like servicing, repair service, alternative/retrofit and installation expert services. By way of its companions, Move at the moment operates in Delaware, Florida, Indiana, Kentucky, Maryland, and Pennsylvania and has around 325 staff. For a lot more information, you should take a look at www.flowservice.com.

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