Yearout Mechanical, Inc.

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Yearout Mechanical, Inc. - overview

Established

1964

Location

Albuquerque, NM, US

Primary Industry

Consumer Services

About

Yearout Mechanical, Inc. is a mechanical contracting company specializing in HVAC, plumbing maintenance, and energy services, known for integrating innovative technologies to meet diverse industrial needs. Yearout Mechanical, Inc. was founded in 1964 in Albuquerque, US, focusing on mechanical contracting services.


The company was acquired by Therma Holdings LLC, a portfolio company of Gemspring Capital, in January 2019. Kevin Yearout, the CEO, has a notable background in the mechanical sector. Yearout Mechanical specializes in HVAC maintenance, plumbing maintenance, drain energy services, and boiler installation. They serve various sectors including commercial, healthcare, education, and industrial, utilizing advanced technologies such as Building Information Modeling (BIM) to enhance their service delivery.


Their client base ranges from government entities to hospitality venues, reflecting their capability to cater to diverse industry requirements. Yearout Mechanical generates revenue through B2B and direct-to-consumer relationships, primarily via service agreements, capital projects, and maintenance contracts. They often establish long-term service contracts for HVAC and plumbing maintenance that create predictable revenue streams. Pricing varies based on service complexity and client requirements, aligning costs with the provided value.


The company's strategy includes launching new products and expanding into new markets. Though specific upcoming products were not detailed, the acquisition by Therma Holdings LLC in January 2019 is expected to bolster their growth initiatives. They plan to enhance their service offerings and geographical presence in the coming years.


Current Investors

Legence Holdings LLC

Primary Industry

Consumer Services

Sub Industries

Home Repair Services

Website

www.yearout.com

Company Stage

Add-on

Total Amount Raised

Subscriber access only

Yearout Mechanical, Inc. - deals

Deals TypeDeal StatusTarget (s)Deal DateInvestor(s)Seller(s)Deal size (Mn)Enterprise value (Mn)Post-money valuation (Mn)EBITDA multiple (x)Revenue multiple (x)Lead partner (s)
Add-onCompletedYearout Mechanical, Inc.-

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