HOUSTON, June 10, 2024 – Davis/Chambers & Company, LLC (“DC”) is pleased to announce that PremiStar, a leader in commercial and industrial HVAC, plumbing, and building automation services, has acquired SI Mechanical, LLC, a full-service HVAC and plumbing contractor based in Creedmoor, TX, a suburb of Austin. With this acquisition, PremiStar expands its footprint in central Texas and maintains its focus on meeting the needs of customers in the education, health care, commercial/industrial, and datacenter segments.
DC served as the exclusive financial advisor to SI Mechanical throughout the transaction, which closed on May 31, 2024.
Founded in 2012, SI Mechanical has earned a stellar reputation for meeting the HVAC and plumbing needs of industry-leading customers, including The University of Texas at Austin, Texas State, MD Anderson Cancer Center, St. David’s HealthCare, Amazon, Dell, IBM, and Samsung. Led by partners Mike Irwin, Philip Shultz, and Riley Sullivan, SI Mechanical will remain under local management while benefiting from additional resources and investment from PremiStar to support continued growth and service expansion.
PremiStar, formerly Reedy Industries, operates a footprint of 48 commercial HVAC, building automation, and plumbing branch locations across 13 states. PremiStar is transforming the industry by investing in leading regional owner-operators, extraordinary people, unique customer-centered solutions, and the communities it serves. With more than 2,000 employees, PremiStar helps critical facilities owners and managers in commercial, municipal, educational, and industrial market segments achieve more cost-effective, more energy-efficient, and healthier environments.
The DC team was led by Principals Clayton Chambers and Joe Corkin. DC is located in Houston, Texas and provides business valuation and sell-side advisory services to its client base.