Paramax Advised on the Sale of M&C Utilities to Five Star Energy Services, a Portfolio Company of Emerald Lake Capital Management and Highview Capital
Rochester, NY—Paramax is excited to announce the successful sale of M&C Utilities (“M&C”) to Five Star Energy Services (“Five Star”) (fivestarenergyservices.com), a portfolio company of Emerald Lake Capital Management (elcm.com) and Highview Capital (highviewcapital.com).
M&C Utilities is a premier regional provider of utility installation and maintenance services specializing in underground infrastructure solutions, primarily to the natural gas and telecommunications industries. Serving some of the top utility companies in its region, M&C has a strong reputation and is known throughout New York State for its commitment to quality, safety, and innovation.
The buyer, Five Star Energy Services, is a provider of energy installation and maintenance solutions for residential, commercial, and industrial clients. With a strong commitment to renewable energy sources, Five Star specializes in solar, wind, and energy-efficient systems designed to reduce environmental impact and lower energy costs. Its team of experts combines cutting-edge technology with industry expertise to deliver tailored solutions that meet the unique needs of each client. Known for its reliability and customer-focused approach, Five Star aims to drive a cleaner, greener future while empowering clients to achieve energy independence. Five Star is a portfolio company of Emerald Lake Capital Management and Highview Capital.
The acquisition of M&C will expand Five Star’s presence into the Northeast region. Five Star will work closely with the M&C team to ensure a smooth transition and maintain its exceptional customer service.
Paramax served as the exclusive M&A advisor to M&C Utilities. Paramax has robust experience representing a variety of specialty construction service businesses, with the M&C Utilities transaction representing the third transaction that Paramax has completed in the utility installation industry and 7th in the specialty construction services space in the past 12 months. For more information about this transaction or to explore opportunities with Paramax, please contact the Paramax deal team.
Deal Team
Russell J. D'Alba
President
rjd@paramaxcorp.com
(716) 626-1200 x222
W. Stephen Hadala
Director
wsh@paramaxcorp.com
(716) 626-1200 x500
Adam R. Harris
Vice President
arh@paramaxcorp.com
(716) 626-1200 x259
About Paramax Corporation
- Specialty in sell-side M&A transactions
- Middle-market focus
- Over 400 completed transactions
- Focus on strategically-valued transactions
- Senior-level involvement in every engagement
- Global reach through membership in Globalscope Partners Ltd.
- Senior executives are former owner/operators
- Securities transactions conducted through wholly owned subsidiary Paramax Securities, LLC, a registered Broker/Dealer and FINRA / SIPC member.
About Globalscope Partners Ltd.
Paramax Corporation is a member of Globalscope Partners Ltd. (www.globalscopepartners.com), an international M&A network with 55 firms in 49 countries. Globalscope is a leading group of corporate finance and business advisors supporting clients in domestic and international transactions. Globalscope's focus is on M&A and managing the diverse issues arising in the implementation of business growth, reorganization, and realization strategies whether through divestment, acquisition, restructuring, or international joint ventures.
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