Zone Is Sold To Wind Point

Technology & Services

Zone, a portfolio company of TJM, sale to Wind Point


Summary

Zone Mechanical (“Zone”), a portfolio company of TJM Capital Partners (“TJM”), recently announced its sale to Wind Point Partners (“Wind Point”). Terms of the transaction were not disclosed.

Baird served as the exclusive financial advisor to Zone Mechanical on this transaction.

About

Zone Mechanical is one of the largest providers of commercial and industrial refrigeration installation and maintenance services to customers in Illinois, Wisconsin, Michigan, and Indiana. Through decades of experience, Zone has established a reputation as one of the Midwest’s premier refrigeration and HVAC service providers by offering a comprehensive suite of services including design, build, and engineering capabilities and an array of customer equipment needs. Zone services a variety of customers including independent and specialty grocery chains, convenience stores, and warehouses. Zone Mechanical is headquartered in Alsip, Illinois.

TJM Capital Partners is a private equity firm based in Chicago that focuses on acquiring leading middle market manufacturing, services, and specialty chemical companies. TJM's partners have extensive backgrounds in private equity, investment banking and CEO-level operational leadership in each of its focus sectors.

Wind Point Partners is a Chicago-based private equity investment firm with approximately $3.5 billion in assets under management. Wind Point focuses on partnering with top caliber management teams to acquire well-positioned middle market businesses where it can establish a clear path to value creation. Wind Point targets investments in the consumer products, industrial products and business services sectors. Wind Point is currently investing out of Wind Point Partners IX, a $1.5 billion fund that was initiated in 2019.
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Technology & Services

Zone, a portfolio company of TJM, sale to Wind Point

Date
April 2021
Company
Zone Mechanical
Transaction
M&A - Sellside
Sectors
Technology & Services
Verticals
Facility, Industrial, Rental & Environmental ("FIRE") Services
Target Location
North America
Acquiror Location
North America

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