Tag: Business Services

GLC Advisors Transaction Closing Announcement

Roof Worx LLC (“Roof Worx”), a leading provider of residential and commercial roofing services across Colorado and Wyoming, announced that it has been acquired by SouthWorth Capital Management, a Memphis, Tennessee-based family office.

Founded in 2010 and having completed nearly 7,000 roofing projects, Roof Worx is a family-owned and operated company offering a comprehensive portfolio of roofing solutions for both steep-slope and low-slope environments. Services include installation, maintenance, and repair across residential, commercial, HOA, and property management end markets.

Roof Worx represents the first platform acquisition in a multi-state roofing roll-up strategy to be executed by SouthWorth during its investment period.

“GLC Advisors was our first choice as investment banker, given the team’s success working with construction services companies and contractors – and it proved to be the right call. They worked long hours, paid attention to what mattered most to our team, and stayed hands-on in every step of the process. As owners, my brother and I value hard work and follow-through, and that’s exactly what GLC delivered. We couldn’t be happier with both our new partnership and the overall outcome.”

Steve Dawson Bart Thomas
Owner/Co-Founder, Roof Worx

GLC Advisors Transaction Closing Announcement

Harrell-Fish, Inc. (“HFI”), a leading provider of mechanical installation and maintenance services, announced it has received a majority investment from New State Capital Partners and Amethyst Capital Partners.
Founded in 1985 and headquartered in Bloomington, Indiana, HFI is one of the Midwest’s most prominent mechanical contractors, delivering a comprehensive suite of HVAC, plumbing and process piping, fabrication, and building systems solutions. The company serves a wide range of commercial and industrial end markets – including healthcare, education, life sciences, and government facilities – through retrofit, renovation, and maintenance services.
HFI’s scale, longstanding client relationships, and in-house labor capabilities, combined with continued ownership and leadership from its existing management team, position the company for meaningful opportunities to expand throughout the Midwest and beyond.

“Selecting GLC as our investment banking partner was the most important decision made in preparing for this transaction – and I am glad we did. From day one, the GLC team demonstrated deep understanding of our industry, business, and what matters most to our staff, clients, and communities. Their team found us the perfect partner to carry HFI forward in being a great enduring company. Their genuine care for our outcome was unwavering, and we would not be where we are without GLC.”

Steve Dawson
CEO, Harrell-Fish, Inc.

GLC Advisors Transaction Closing Announcement

Acquired by

GLC served as the exclusive financial advisor to GatesAir

GatesAir, Inc. (“GatesAir”), a manufacturer of TV and radio transmitters for domestic and international clients, announced the acquisition of substantially all of its assets by Saothair Capital Partners.

Founded in 1922, GatesAir is a leading global designer and manufacturer of wireless, over-the-air content delivery and public safety communications equipment. The company’s mission-critical solutions enable broadcasters to create, transport, and transmit radio and TV content worldwide.

Headquartered in Mason, Ohio, with manufacturing facilities in Quincy, Illinois, and Brescia, Italy, GatesAir offers a comprehensive portfolio of transmission and networking systems built on industry-leading technologies and supported by global parts, service, and technical expertise.

“GLC played a critical role in guiding GatesAir through a highly complex and strategic sale process. From the outset, the GLC team demonstrated a deep understanding of our business and industry, helping us articulate our value and navigate key transaction dynamics. Their analytical rigor, responsiveness, and steady leadership were instrumental in achieving a strong outcome. We’re grateful for their partnership and proud of the result we achieved together.”

Barbara Spicek
CEO, GatesAir

GLC Advisors Transaction Closing Announcement

D.B.A.

Acquired by

A Portfolio Company of

GLC served as the exclusive financial advisor to Pattlen Enterprises

Pattlen Enterprises, Inc. (“Pattlen”), a distributor of commercial turf maintenance and irrigation equipment doing business as (“D.B.A”) L.L. Johnson Distributing Company, Inc. and Midwest Turf & Irrigation, announced the acquisition of substantially all of the assets by Oakcreek Golf & Turf LP, a portfolio company of Banyan Capital Partners.

Founded in 1976, Pattlen for nearly 50 years built up 2,400+ customers (golf courses, municipalities, sports facilities, and commercial landscapers) across 13 states, with 5 locations winning 15 Toro Partner’s in Excellence awards including 2024 Distributor of Excellence – North America.

Pattlen offers a comprehensive portfolio of equipment and systems from leading manufacturers, complimented by parts and service support.

“No team has ever suffered from too much talent, and we found just that when we selected GLC Advisors as our exclusive advisor. GLC partnered alongside my team navigating each step of an incredibly complicated process, going above and beyond to achieve the optimal outcome. I believe we bring superior service, customer relations, and products to the marketplace that is unmatched and unrivaled that will be highly complementary to the Oakcreek platform.”

Jim Johnson
President & CEO, Pattlen Enterprises