Heritage Holding, a Boston-based private equity firm, has acquired Nashville Sheet Metal, LLC, a Nashville, Tennessee sheet metal contractor serving commercial and industrial customers. Financial terms were not disclosed.
The asset.
Nashville Sheet Metal provides sheet metal services to commercial and industrial customers throughout Tennessee and the greater Mid-South. Its capabilities include HVAC ductwork, custom design, specialty component fabrication, and installation, run out of a full-service union fabrication shop in Nashville. President Dexter Cross will continue to work with Heritage after the sale.
The platform.
Heritage Holding focuses on founder-owned, essential business-to-business services companies and names HVAC as a core focus. Nashville Sheet Metal’s fabrication and installation capabilities will complement Heritage’s nationwide operations in commercial HVAC. The announcement does not name which Heritage portfolio company Nashville Sheet Metal joins.
Owning the duct shop.
The structural point is vertical: this is a commercial HVAC buyer adding in-house fabrication capacity, not just more service technicians. Ductwork and specialty components are custom to each building, and a contractor with its own fabrication shop controls schedule, quality, and cost on that part of a job rather than waiting on an outside fabricator. In a fast-growing construction market like Nashville, that capacity is scarce, and a union shop gives the buyer access to union-labor commercial and industrial projects.
M&A environment.
Commercial HVAC specialty trades, including sheet metal and fabrication shops, are drawing private equity buyers alongside the more visible residential and service-agreement businesses.
What it means.
For owners of sheet metal, ductwork, and fabrication-heavy mechanical contractors, the buyer pool is no longer limited to larger local competitors. Sponsors building commercial HVAC platforms are looking at fabrication as a capability worth owning, and a shop with a stable leadership team, a strong customer base, and documented capacity can position itself as a strategic add rather than a commodity subcontractor.
Own a commercial HVAC, sheet metal, or mechanical contracting business?
Curious how a platform would look at your shop? Schryver & Co. advises trades owners with roughly $5 million to $100 million of revenue. Reach Will at will@schryverco.com.
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