FMI Advises Fidelity Building Services Group in Acquisition of H.E. Neumann Company
FMI Capital Advisors is pleased to announce that Fidelity Building Services Group (Fidelity BSG) has acquired H.E. Neumann Company. FMI Capital Advisors served as the exclusive financial advisor to Fidelity BSG for this transaction.
H.E. Neumann Company is a leading provider of commercial, industrial and residential mechanical contracting services throughout the West Virginia, Ohio and Pennsylvania markets. Through the acquisition, Fidelity BSG enhances its portfolio of integrated technical building services and solutions.
Recently, FMI has witnessed a significant uptick of activity in the mechanical, electric and plumbing (MEP) space. This marks FMI Capital Advisor’s third transaction as Fidelity BSG’s buy-side advisor.
“H.E. Neumann is a great fit for our portfolio of companies, and we are delighted to have them as part of the group,” said Dave Lamphar, CEO of Fidelity Services Group. “This is our first acquisition of a union firm, and we are looking forward to expanding this important segment of the industry.”
“We have worked with FMI Capital Advisors for many years and appreciate their expertise in helping grow our organization,” added Lamphar. To learn more about FMI Capital Advisors and its transactional history in the MEP space, visit FMI’s transaction page.
About H.E. Neumann
Founded in 1924, H.E. Neumann is a leading heating, air conditioning, refrigeration, plumbing and mechanical services contractor serving commercial, industrial and residential clients in the Eastern United States. The company services the Ohio, Pennsylvania and West Virginia markets through its four locations in Wheeling, Morgantown, Charleston and Pittsburgh.
About Fidelity Building Services Group
Fidelity Building Services Group (Fidelity BSG) was founded in 1945 as a full-service mechanical engineering, contracting, and service company that introduced air conditioning, refrigeration, and process cooling to a new marketplace. The advent of air conditioning went on to revolutionize the entire building industry and Fidelity BSG has been on the leading edge ever since. Today, our geographic footprint has grown beyond the Mid-Atlantic, extending throughout the South and the Gulf Region. With over 1,700 Team Members, 30 locations in 13 states, 75+ years of experience, and an intense focus on delivering Proactive, World-Class Service, Fidelity BSG is established as a national premier provider of high-performance integrated technical building solutions for the commercial and industrial facilities market.
About FMI Capital Advisors
FMI Capital Advisors has fully dedicated and deeply experienced investment banking teams advising clients on merger and acquisition (M&A) transactions across the built environment. We maximize value for our clients through our deep market knowledge, strong technical expertise and an unparalleled network of industry relationships.
For more information, visit FMI Capital Advisors.
