American Mechanical, Inc.
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American Mechanical, Inc. - overview
Established
1994
Location
Virginia Beach, VA, US
Primary Industry
Heating, Cooling & Ventilation Equipment and Services
About
American Mechanical, Inc. is a Virginia-based company specializing in HVAC, plumbing, and electrical services, delivering essential solutions to residential and commercial clients across the Hampton Roads area. Founded in 1994, American Mechanical, Inc. provides a range of HVAC, plumbing, and electrical services.
The company is headquartered in Virginia Beach, US. Its founder has a history in the industry but specific previous company details are not disclosed. In November 2021, American Mechanical was involved in an acquisition by NearU Services, a portfolio company of SkyKnight Capital, which aimed to expand service capabilities in Virginia. American Mechanical specializes in HVAC, plumbing, and electrical services, offering installation, repair, and maintenance for both residential and commercial clients.
Their expertise covers traditional and advanced technologies, with 24/7 emergency services available. They serve a varied clientele in Virginia and select communities in North Carolina, including Moyock and Elizabeth City, focusing on areas such as Virginia Beach, Norfolk, and Chesapeake. American Mechanical generates revenue through direct service transactions with residential and commercial customers in need of HVAC, plumbing, and electrical services. Operating on a fee-for-service model, the company provides system installations, repairs, and maintenance, often with same-day appointments.
Financing options are available for clients to facilitate repairs or upgrades, though specific pricing structures are not disclosed. The emphasis on reliable service positions the firm competitively within the industry. Post-acquisition in November 2021, American Mechanical plans to leverage its expanded customer service capabilities and service portfolio. The company is focused on enhancing its offerings in Virginia and exploring growth in surrounding areas.
Specific new products are currently under development to address customer needs more effectively. Recent funding will be utilized to support these strategic initiatives aimed at improving customer service and operational efficiency.
Current Investors
NearU Services
Primary Industry
Heating, Cooling & Ventilation Equipment and Services
Sub Industries
Facilities & Maintenance Services, Consumer Services, Heating, Cooling & Ventilation Equipment and Services
Website
www.americanmechanicalva.com
Company Stage
Add-on
Total Amount Raised
Subscriber access only
American Mechanical, Inc. - deals
| Deals Type | Deal Status | Target (s) | Deal Date | Investor(s) | Seller(s) | Deal size (Mn) | Enterprise value (Mn) | Post-money valuation (Mn) | EBITDA multiple (x) | Revenue multiple (x) | Lead partner (s) |
|---|---|---|---|---|---|---|---|---|---|---|---|
| Add-on | Completed | American Mechanical, Inc. | - |
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