OKLAHOMA CITY—Alpine Investors announced its partnership with Jackson Mechanical Service Inc. Terms of the private transaction were not disclosed.
Jackson will serve as the foundation of Orion Group, Alpine’s newly formed commercial facility services platform. Alpine intends to invest a meaningful portion of its recently raised $1 billion fund in family-owned commercial HVACR and plumbing businesses to build Orion.
Larry Beatty, Jackson president, and Matt Olson, Jackson general manager, will continue to run day-to-day operations at Jackson.
"Orion’s people-driven philosophy resonated with me and aligns with Jackson’s core values and commitment to our customers,” said Larry Beatty. “We’re excited about the tremendous growth opportunities that our partnership with Orion will provide members of our team and customers across the State of Oklahoma.”
“Orion builds on Alpine’s deep experience in the residential HVAC and plumbing trades by creating a home for commercial service providers,” said Orion CEO, Will Adams. “We intend to partner with companies whose commitment to winning through talent has made them the leaders in their markets. By investing in training and development, and by honoring the unique cultures and brands that our partners have built, we strive to be the employer of choice for the best technicians in the business.”
"This investment marks the first of many partner companies that we will bring into the Orion family over the coming years," said Orion President Isaiah Brown. "Orion approaches each partnership with flexibility, creating a tailored solution to meet the business owner’s objectives. Whether the owner chooses to continue running the business day-to-day, play a different role within the company, or move on to the next adventure — we can create a plan to achieve their goals while making sure that their employees, business and legacy have a great home."