logo
Intelligence
Tracking
Tools
logo
Intelligence
Tracking
Tools

Altamont Capital Partners Acquires Service Minds, A Leading Residential Services Provider

May 31, 2022•over 3 years ago

Acquiring Company

Altamont Capital Partners

Acquired Company

Service Minds

Real EstateFinancial ServicesProfessional ServicesMedia And Entertainment

Description

Altamont Capital Partners ("Altamont") today announced the acquisition of Service Minds, a leading provider of electrical, plumbing and HVAC services based in Sarasota, Florida. Owned and operated by David Connolly since 2014, Service Minds has been a leading franchisee in the Mister Sparky system since its inception and today also operates in the One Hour Heating & AC and Benjamin Franklin Plumbing systems, servicing the Southeastern United States across all three trades.

Company Information

Company

Altamont Capital Partners

About

Altamont Capital Partners is a private investment firm based in the San Francisco Bay Area with more than $4.0 billion of assets under management. Altamont is focused on investing in middle market businesses where it can partner with leading management teams to help its portfolio companies reach their full potential. The firm's principals have significant experience building business success stories across a range of industries, including consumer, restaurants & multi-unit, financial services, healthcare, industrials, and business services.

M&A Insights

Based on deal data
Integration timeline
70% of M&A integrations take 12-24 months to complete
Tech stack consolidation
83% of merged companies consolidate technology vendors within first year
Post-acquisition investment
Companies increase IT spending by 23% on average after acquisitions
Success factor
M&A deals with strong technology integration plans are 2.5x more likely to succeed