Mar 22, 2023

Capstone Partners Advised Shadpour Consulting Engineers, Inc. on Its Sale to Legence Holdings, a Blackstone Portfolio Company

Capstone Partners advised SC Engineers, Inc.—a mechanical, electrical, and plumbing engineering firm—on its sale to Legence. Terms of the deal were not disclosed.

Founded in San Diego in 2004, SC Engineers is a consulting firm specializing in mechanical, electrical, and plumbing (MEP) planning and design, energy efficiency, building automation, and total building commissioning for both public and private sector companies. The company’s client base spans across sectors including healthcare, education, government, defense, technology, and more. The company has received repeated awards and commendations from both local and national organizations including the American Society of Heating, Refrigerating, and Air-Conditioning Engineers (ASHRAE).

Capstone and its Construction Services-focused team was the right partner to guide me and my company through the hurdles of a transaction process. The deal team worked tirelessly and was available day and night to discuss and address issues as they came up, which led to a successful outcome.

Frank ShadpourFounder and President, SC Engineers

“I’m excited for SC Engineers to join Legence,” Shadpour continued. “Our team has extensive experience in cutting-edge engineering solutions, and few challenges are as pressing as the need for broad emission reductions. Being a part of Legence will better serve our existing customers while enabling the synergy of our visions to better serve global net-zero efforts.”

Crista Gilmore, Director at Capstone, commented, “SC Engineers is a team of world-class engineers who are solutions based and dedicated to delivering value to their clients. As Legence continues to build an end-to-end solutions provider, SC’s capabilities will accelerate their client’s sustainability and energy efficiency goals.”

Legence, a Blackstone portfolio company, is an Energy Transition Accelerator™ that provides advisory services and implementation focused on financing, designing, building, and servicing complex systems in mission-critical and high-performance facilities. With five decades of expertise in the environment, Legence has a proven track record of reducing carbon emissions, implementing renewables, lowering utility costs through efficiency consumption, and optimizing systems performance.

The expert investment banking professionals on Capstone Partners’ Building Products & Construction Services Team work with leading middle market companies operating in the Professional Services market to advise with their strategic decision-making in order to maximize financial outcomes at every stage of the business lifecycle. Our firm has developed a full suite of corporate finance solutions, including M&A advisory, debt advisory, financial advisory, and equity capital financing to help privately owned businesses and private equity firms address any need, ranging from growth and financial or operational advisement to an ultimate exit transaction. To learn more about this transaction, or about the benefits of starting a relationship with our BP&CS Banking Team, contact us here.