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LCG Advises Florida Energy Water & Air on its Recent Partnership with Compass Group Equity Partners

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LCG Advises Florida Energy Water & Air on its Recent Partnership with Compass Group Equity Partners

TAMPA, FL (August 12, 2022) – LCG Capital Advisors, LLC (“LCG”) is pleased to announce the strategic partnership between Florida Energy Water & Air (“FEWA” or the Company”), a fully integrated sales, installation and service contractor providing water treatment systems, water heaters, HVAC, and related products, with Compass Group Equity Partners (“CGEP”).  Terms of the transaction were not disclosed.  LCG served as the exclusive investment banker to FEWA in connection with the transaction.

Jay Clark, Senior Managing Director with LCG Capital Advisors (“LCG”) investment bank commented on the transaction stating, “LCG was honored to help Tim, his family and his partners meet their goal of finding a partner to propel the Company forward and accelerate FEWA’s growth.  Tim was able capitalize on all the sweat equity he and team have put into his business over the years and find a partner in CGEP, with the industry, operational and organization expertise to help take FEWA to the next level.  From a cultural standpoint, the partnership is a great fit and we look forward to seeing FEWA continuing their success in the future.”

With offices in Tampa and Nashville, LCG is a boutique investment banking firm that assists companies in a wide range of transactions including mergers and acquisitions, corporate debt placements, growth capital placements, management and leveraged buyouts, and strategic transaction advisory services.

For more information regarding LCG Advisors, LLC, and its affiliate LCG Capital Advisors, LLC, a FINRA registered broker-dealer and SIPC member firm; please call (813) 226-2800 or visit www.lcgadvisors.com.

Compass Group Equity Partners Invests in Florida Energy, Water & Air

  1. LOUIS–(BUSINESS WIRE)–Compass Group Equity Partners, a St. Louis-based private equity firm, announced a new strategic partnership with Florida Energy, Water & Air (“FEWA”), an Orlando-based fully integrated sales, installation and service contractor providing water treatment systems, water heaters, HVAC, and related products across Florida, Georgia, and Alabama.

Since its founding in 1990, FEWA has expanded its product and service portfolio to become a one-stop shop for homeowners’ water treatment, water heater and air conditioning needs. The Company has amassed a loyal and diversified customer base through its robust sales function as well as key partnerships with blue-chip retailers. “FEWA is well respected in the industry and has delivered an impressive track record of organic growth, driven by its comprehensive and quality offerings, sophisticated commercial organization and deeply talented management team,” said Ryan Roepke, Compass Group Vice President. “We couldn’t be more excited about this partnership.”

“We felt a strong cultural connection with the Compass Group team early in the process and were impressed by their extensive thematic research and previous experience in the space,” said Tim Randolph II, FEWA CEO. “We are ready to embark on the next leg of growth for FEWA and continue our mission of helping homeowners maximize comfort and enjoyment at home.”

The partnership between Tim Randolph II and Compass is expected to expedite the growth of FEWA through a larger geographic footprint, enhanced operational systems and further expansion of product and service offerings.

About Compass Group Equity Partners

Compass Group Equity Partners, founded in 2015, is a St. Louis-based private equity firm with a record of success in partnering with and building lower middle-market companies. By leveraging the Firm’s operational, financial, and strategic expertise, Compass Group provides hands-on support and resources to aid management teams in exceeding historical performance and accelerating growth.

About FEWA

FEWA is a fully integrated sales, installation and service contractor providing water treatment systems, water heaters, HVAC, and related products to a large customer base across Florida, Georgia, and Alabama.

Contacts

Shelby Partridge

314.384.1116

[email protected]