About Sectors Process Transactions Founder Case Study mp@firstmergers.com Contact
Track Record

Transaction History

115+ completed transactions since 1996 across contracting and industrial services.

115+
Completed Transactions
$5 Billion
Aggregate Acquired Revenue
$50–$200+M
Typical Client Revenue Range
Browse by Year
2025 Completed Transactions
Exclusive Sell-Side Advisor
First Mergers Group
Electrical
Undisclosed
Industrial Services
Electrical Contracting
Exclusive Advisor
M&A Consulting Services
First Mergers Group
Exclusive Sell-Side Advisor
First Mergers Group
2024 Completed Transactions
Electrical
Undisclosed
Electrical Contractor
Exclusive Advisor
M&A Consulting Services
First Mergers Group
Exclusive Sell-Side Advisor
First Mergers Group
Contractor
Undisclosed
Contractor
Exclusive Advisor
M&A Consulting Services
First Mergers Group
2023 Completed Transactions
Exclusive Sell-Side Advisor
First Mergers Group
Mechanical
Undisclosed
Mechanical Contractor
Exclusive Advisor
M&A Consulting Services
First Mergers Group
Industrial
Undisclosed
Industrial Contractor
Exclusive Advisor
M&A Consulting Services
First Mergers Group
2022 Completed Transactions
Mechanical
Undisclosed
Heavy Industrial
Mechanical Contractor
Buy-Side Advisor
First Mergers Group
Exclusive Sell-Side Advisor
First Mergers Group
Contractor
Undisclosed
Contractor
Exclusive Advisor
M&A Consulting Services
First Mergers Group
2021 Completed Transactions
Facility
Facility Services
Building Automation
Mechanical Services Contractor
Exclusive Advisor
M&A Consulting Services
First Mergers Group
Exclusive Sell-Side Advisor
First Mergers Group
Exclusive Sell-Side Advisor
First Mergers Group
Exclusive Sell-Side Advisor
First Mergers Group
Contractor
Undisclosed
Mechanical Contractor
Acquired
Exclusive Advisor
M&A Consulting Services
First Mergers Group
Exclusive Sell-Side Advisor
First Mergers Group
2020 Completed Transactions
Exclusive Sell-Side Advisor
First Mergers Group
Exclusive Sell-Side Advisor
First Mergers Group
Exclusive Sell-Side Advisor
First Mergers Group
2019 Completed Transactions
Exclusive Sell-Side Advisor
First Mergers Group
Exclusive Sell-Side Advisor
First Mergers Group
Exclusive Sell-Side Advisor
First Mergers Group
2018 Completed Transactions
First Mergers Group, LLC initiated this transaction and acted as intermediary on behalf of the seller.
First Mergers Group
First Mergers Group, LLC initiated this transaction and acted as intermediary on behalf of the seller.
First Mergers Group
First Mergers Group, LLC initiated this transaction and acted as intermediary on behalf of the seller.
First Mergers Group
First Mergers Group, LLC initiated this transaction and acted as an advisor to the sellers.
First Mergers Group
Contractor
Undisclosed
Contractor
Mergers & Acquisitions Consulting Services
Marketplace Valuation and Internal Recapitalization
First Mergers Group
2017 Completed Transactions
First Mergers Group, LLC initiated this transaction and acted as an advisor to the seller.
First Mergers Group
Mergers & Acquisitions Consulting Services
Private Equity Recapitalization
First Mergers Group
Electrical
Undisclosed
Contractor
Specialty Contractor
Mergers & Acquisitions Consulting Services
Marketplace Valuation and Internal Recapitalization
First Mergers Group
Contractor
Undisclosed
Contractor
General Contractor
Mergers & Acquisitions Consulting Services
Private Equity Recapitalization
First Mergers Group
Contractor
Undisclosed
Contractor
Specialty Contractor
Mergers & Acquisitions Consulting Services
Marketplace Valuation and Internal Recapitalization
First Mergers Group
2016 Completed Transactions
MEP
Undisclosed
MEP Contractor
Mergers & Acquisitions Consulting Services
Marketplace Valuation and Internal Recapitalization
First Mergers Group
First Mergers Group, LLC initiated this transaction and acted as intermediary on behalf of the members of STR Mechanical, Inc.
First Mergers Group
Contractor
Undisclosed
Contractor
Mergers & Acquisitions Consulting Services
Marketplace Valuation and Internal Recapitalization
First Mergers Group

Closed Transactions

(2006 – 2015)
Company NameSold To
AcostaPrivate Equity – Jordan Group
AirTight MechanicalService Logic
Air Systems, Inc.EMCOR Group
Conditioned AirGemini Investors
Dillingham & SmithComfort Systems
FacilitechPrivate Equity – Jordan
Gemma PowerArgan, Inc.
Greenberry IndustrialNAES/Itochu
Harry Pepper & Associates, IncEMCOR Group
HTIFamily Office
Joyner's MechanicalPrivate Equity – Jordan Group
LT Mechanical, Inc.EMCOR Group
MSIEMCOR Group
NWSPediatrix
Protective SystemsPrivate Equity
R.B. Hinkle ConstructionPLH Group
Salas O'Brien EngineersPrivate Equity
Southeast Boiler & RiggingEarly Construction, Inc.
Team MechanicalEMCOR Group
Undisclosed Energy Services ContractorPrivate Equity
Undisclosed Mechanical Services ContractorPrivate Equity
Buy-Side Engagements
Carolina Electrical TestingPrivate Equity / The Linc Group
MET Electrical Testing CompanyPrivate Equity / The Linc Group
Seaboard Energy ServicesPrivate Equity / The Linc Group
Unitemp (Certain Assets/Contracts)Private Equity / The Linc Group
Unnamed Mechanical Services Co.Family Office

Closed Transactions

(1996 – 2005)
Company NameSold To
A/C by LuquireNorthwestern / Blue Dot
AcoustaFamily Office
Active Conditioning Corp.KeySpan Energy
AircondCES
Air Systems, Inc.GroupMAC
Air Systems, Inc.Buyback from ESR
Aitken Heating & A/CPrimary / Washington Gas
Balco, Inc.EMCOR Group
Bell Mechanical, Inc.Northwestern / Blue Dot
Bergstrom's Inc.Northwestern / Blue Dot
Betlem Service CorporationCES
Building Technology Engineers, Inc.EMCOR Group
Burton Plumbing Services, Inc.Northwestern / Blue Dot
ContinentalVenvest
Comfort Masters Heating & Cooling, IncService Experts
Dillingham & SmithNorthwestern / Blue Dot
Dillingham & SmithNorthwestern / Blue Dot Buyback
The Drain Company of OmahaNorthwestern / Blue Dot
E. Shavitz & Sons Heating & A/C, Inc.Northwestern / Blue Dot
Energy Systems Industries, Inc.EMCOR Group
Environmental Services of Charlotte, Inc.Northwestern / Blue Dot
Environmental Services of Charlotte, Inc.Northwestern / Blue Dot Buyback
Fast WaterPrivate Equity
H&H Plumbing & Heating, Inc.Comfort Systems
The Hattenbach CompanyFirstEnergy
Illingworth CorporationCES
Joyner's MechanicalNorthwestern / Blue Dot
Joyner's MechanicalNorthwestern / Blue Dot Buyback
Laney's, Inc.GroupMAC
Laney's, Inc.Buyback from ESR
LT Mechanical, Inc.GroupMAC
LT Mechanical, Inc.Buyback from ESR
Master ControlsNorthwestern / Blue Dot
Maye Heating & Cooling, Inc.Northwestern / Blue Dot Buyback
Maye Heating & Cooling, Inc.Northwestern / Blue Dot Buyback
MSIGroupMAC
MSIBuyback from ESR
New England Mechanical Services, Inc.CES
Northeastern Heating & A/C, Inc.Northwestern / Blue Dot
P.E. Poole & CompanyIndoor Comfort Group
REMCOGroupMAC
REMCOBuyback from ESR
REMCOESOP
Roland Brothers, IncNorthwestern / Blue Dot
Seaboard Energy ServicesPEPCO
Service Thrust OrganizationNorthwestern / Blue Dot
S&K Air Conditioning Co., Inc.Comfort Systems
Southern Maryland Cable, Inc.Puraflow
Superior Heating & Sheet Metal Co.Comfort Systems
Temp-Right Service, Inc.Comfort Systems
Target Construction, Inc.Comfort Systems
Turk II Heating & Cooling, Inc.Service Experts
Unnamed ElectricalUnnamed Buyer
Wiegold & Son & Grandsons, Inc.Blue Dot
Client Testimonials
Proven Outcomes. Trusted by Owners and Acquirers.

First Mergers Group advises owners through complex transactions with a focus on value creation, alignment, and disciplined execution.

Michael Price runs the process so we can stay focused on the business.

Steve Nugent
Nugent & Sons — Sterling, VA

Michael brings real operating credibility in industrial contracting — he understands how these businesses actually run, from the field to the financials, and turns that insight into value in a transaction.

Jason Pond
Greenberry Industrial — Portland, OR

I've worked with Michael Price as both a seller and a buyer. He understands how deals get done and consistently maximizes outcomes for his clients.

Alan Barnes, Jr.
Aircond — Atlanta, GA

We selected Michael based on his deep specialization in our industry and credibility with buyers. His expertise and credibility with buyers had a direct impact on both execution and outcome.

Greg Boehling
TEC Industrial — Kingsport, TN

First Mergers Group built a clear, defensible financial narrative and supporting adjustments that directly drove our valuation. They translated how the business actually performs into numbers that aligned with how sophisticated private equity buyers evaluate and underwrite transactions.

Scott Goulet
M.E. Flow — Leesburg, VA

Selling a business is emotional. Michael kept the process objective, disciplined, and on track. He anticipated issues and positioned our company exactly how buyers evaluate businesses.

Alan Barnes, Sr.
Aircond Corporation — Atlanta, GA

When sellers approach us without representation, we refer them to Michael Price. Transactions are simply more successful when he's involved.

Strategic Buyer
of Contracting Companies

I've never seen a better job by a consultant in structuring and negotiating a transaction.

F.T. Davis, Jr., Attorney
Business Acquisitions Desk Book — Atlanta, GA

Michael has represented us on three transactions, and in each case we were able to stay focused on running the business while he handled the day-to-day negotiations. He consistently delivers strong outcomes and more than earns his fee.

William Dillard
President & Owner, MSI — Orlando, FL