CLEVELAND / November 12, 2024 / Blue Point Capital Partners and its portfolio company, Pinnacle MEP, announced today the strategic acquisition of Bell Plumbing Services. The transaction is a swift first add-on for the platform since the Blue Point partnership was announced in early October and Pinnacle’s 16th acquisition overall.
Bell Plumbing is a trusted provider of commercial plumbing solutions, collaborating with general contractors and direct customers throughout central and eastern Indiana. The company’s geographic footprint perfectly complements Pinnacle’s established regional presence, allowing the platform to extend plumbing services to its existing HVAC customers while enhancing its market density.
“We look forward to Bell Plumbing’s next chapter as we join forces with an outstanding team that values partnerships with founder-owned businesses and a community-focused approach,” said Bell Plumbing President Mitch Bell. “Partnering with Pinnacle allows us to strengthen our commitment to providing exceptional service to our client relationships across central and eastern Indiana, all while leveraging our local market expertise.”
“Pinnacle is looking forward to rolling up our sleeves alongside the Bell Plumbing team to act on the complementary service offerings and compelling opportunities this partnership brings to the table,” added Pinnacle Co-Founder and CEO Andy Reed. “Together, we can provide a broader range of offerings, including upgrade and restoration services, to our valued existing and new customers.”
With a leading portfolio across Ohio, Michigan and Indiana, Pinnacle specializes in mechanical and plumbing services for commercial clients while maintaining a strong local presence in each market served. Pinnacle’s experienced leadership team, comprised of respected operators and entrepreneurs, is dedicated to building a transformational HVACR, electrical and plumbing platform through strategic investments that drive growth and enhance customer service excellence.
“Pinnacle and Bell Plumbing are well-aligned in their business approaches and cultures,” said Blue Point Principal Evan Cottington. “This is an exciting addition to the platform, and we look forward to supporting their growth efforts.”
Pinnacle is actively seeking complementary partnerships with like-minded market leaders in HVACR, electrical and plumbing services. Business owners interested in learning more may contact Blue Point Managing Director, Business Development Megan Kneipp.
Bell Plumbing Services is a provider of commercial plumbing services, serving central Indiana and the Metro Indianapolis area. Based in Greenwood, Indiana and founded 20 years ago by Mitch Bell, Bell Plumbing Services has grown to be a trusted partner for general contractors and direct customers in the commercial market.
Pinnacle MEP is a portfolio of companies providing HVACR, plumbing and related mechanical services with a vision for every community to be served by reliable and trustworthy trades within the industry. Comprised of operators and entrepreneurs who know how challenging it can be to run a successful business, Pinnacle is equipped with the resources to help them grow effectively and do more for the people who rely on them.
Blue Point Capital Partners is a private equity firm managing over $1.8 billion in committed capital. With nationwide resources, Blue Point’s geographical footprint allows it to establish relationships with local and regional entrepreneurs and advisors while providing the perspectives and resources of a global organization. Blue Point has over a two-decade history of partnering with lower middle-market businesses to build processes and capabilities to achieve growth. Blue Point’s portfolio is supported by its unique capabilities — which include an integrative team focused on innovative global supply chain, data and digital and human capital strategies — as well as its extensive experience, network of industry resources and focused M&A efforts. Blue Point typically invests in businesses that generate between $30 million and $300 million in revenue.
For more information, contact:
Blue Point Capital Partners
Megan Kneipp
Managing Director, Business Development
Evan Cottington
Principal
Note: Certain statements about Blue Point Capital Partners made by portfolio company executives herein are intended to illustrate Blue Point Capital Partners’ business relationship with such persons, including with respect to Blue Point Capital Partners’ facilities as a business partner, rather than Blue Point Capital Partners’ capabilities or expertise with respect to investment advisory services. Portfolio company executives were not compensated in connection with their participation, although they generally receive compensation and investment opportunities in connection with their portfolio company roles, and in certain cases are also owners of portfolio company securities and/or investors in Blue Point Capital Partners-sponsored vehicles.