R.L. Hulett Advises Blue Mountain Mechanical, Inc. on its Sale to Heritage Holding

R.L. Hulett (“RLH”) is pleased to announce that its client, Blue Mountain Mechanical, Inc. (“BMM”), has been acquired by Heritage Holding (“Heritage”). In this transaction, RLH acted as exclusive financial advisor to the Seller.

Founded in Olympia, Washington in 2000, BMM has been a trusted provider of HVAC and mechanical contracting services, specializing in design-build, retrofitting, and service solutions for public and private sector clients for 25 years.  Owners Steve Watson and Cody Sharp were seeking a buyer that could provide a combination of liquidity, resources and expertise needed to scale BMM’s operations while continuing to support its longstanding quality of service and customer relations. Heritage Holding emerged as the ideal buyer, with an existing platform investment in the mechanical services space, seeking to broaden its footprint across the U.S. Upon closing the transaction, President Steve Watson had this to say:

“We are excited to partner with the Heritage team and we look forward to the next chapter of growth for Blue Mountain Mechanical’s employees and customers. We are grateful to all those employees who have played a vital role in getting the company where it is today and we look forward to exciting things ahead. Thank you to the R.L Hulett team for their guidance in this complex process. We could not have done this without their expertise.”  -Steve Watson, President and Co-founder, Blue Mountain Mechanical

In this transaction, Lewis Rice LLC served as legal counsel to the Seller.

About BMM

Blue Mountain Mechanical, Inc. (“BMM”) is a provider of HVAC and mechanical contracting services, specializing in design-build, retrofitting, and service solutions for public and private sector clients. With a strong focus on U.S. Department of Defense, municipalities, school districts, industrial and commercial markets in the Pacific Northwest, BMM has built a reputation for delivering high-quality, energy-efficient systems backed by responsive customer service and long-term support. The Company’s expertise spans heating, ventilation, air conditioning, and plumbing installations, including turnkey system replacements, preventative maintenance, and customized mechanical solutions tailored to complex infrastructure needs. BMM’s team of highly trained technicians and project managers ensure seamless execution from planning through commissioning, helping clients meet performance, budget, and compliance goals.

 

About Heritage

Founded in 2015 by Ross Porter and Alex de Pyffer, Heritage Holding is a Boston-based, values-driven private investment firm that partners with founder and family-led businesses across the industrials and business services sectors. Heritage is currently investing out of a $220MM institutional fund and has made 27 acquisitions across 8 Platform Companies to date.  The firm takes a long-term approach to investing, providing operational support, strategic guidance, and growth capital while preserving the culture and legacy of its portfolio companies.

The Heritage Holding HVAC/ Mechanical Group is building a nationwide platform of HVAC, mechanical, plumbing and electrical providers across the U.S. Blue Mountain Mechanical represents Heritage’s fourth investment in the mechanical services space. Heritage has a proven track record of partnering with essential service providers and supporting leadership transitions in businesses with strong reputations and deep customer relationships. The firm remains committed to building lasting value by empowering management teams and investing in the next phase of growth.