December 13, 2017
Birmingham, Michigan, December 13, 2017 – Quarton International is pleased to announce that Randazzo Mechanical (“Randazzo,” or the “Company”) has been acquired by North Branch Capital, LLC (“North Branch”). Quarton International acted as the exclusive investment banking advisor to Randazzo.
Founded in 1988 and headquartered in Macomb, Michigan, Randazzo is a leading provider of non-discretionary heating, ventilation, and air conditioning (“HVAC”) replacement and maintenance services to residential homeowners. The Company has established a leading brand name and reputation in its market through its quick turnaround times, dependable quality, exceptional customer service and sophisticated processes and systems. Randazzo has further differentiated itself in the market through its automated quoting technology which streamlines the sales process on-site and enhances conversions. Through these best-in-class attributes and its track record of strong double-digit growth, Randazzo has won numerous industry awards and is a 12-time Dave Lennox award winner, which is only presented to 25 of the ~6,500 Lennox dealers per year.
Randazzo Mechanical (www.callrandazzo.com) provides HVAC maintenance, repair and replacement services to residential homeowners in Michigan. Randazzo services and replaces furnaces, A/C units, humidifiers, thermostats, water heaters and other ancillary units.
North Branch Capital (www.northbranchcap.com) is a private investment firm, based in Elmhurst, IL, with a long history of investing alongside and partnering with management teams in a variety of businesses. North Branch specifically targets businesses that lead with engineering excellence or value-added services in order to solve complex customer problems. With 50 years of collective operating experience, North Branch’s collaboration with management teams is unique. This experience comes from the Partners of North Branch, not a network of executives or consultants.