We are pleased to share the sale of our client, Signature Mechanical, Inc., to Palen Kimball, L.L.C. (a Marsden Company). The transaction closed April 1, 2022.
Located in Spring Lake Park, Minnesota, Signature Mechanical (Signature) is a full-service plumbing and piping contractor serving the Twin Cities and surrounding communities. The majority of projects are commercial tenant finish-outs and new construction in and around the Twin Cities of Minneapolis and St. Paul, Minnesota marketplace. Signature’s philosophy is one of honesty, integrity, hard work, dedication, and quality. Repeat business and referrals are key to Signature’s success. Signature’s leaders believe the way to ensure long-term relationships is to take every job personally and care about the final product. This has been the main contributing factor to the Company’s strong growth and success.
Palen Kimball (Palen), located in St. Paul, Minnesota, provides heating, cooling, refrigeration, diverse HVAC design-build and retrofitting to industrial, manufacturing, commercial, and institutional customers in Minnesota and around the world. Palen also provides commercial buildings with best-in-class HVAC service to fully optimize their commercial properties, ensuring greater efficiency for the people inside. Clients also call on Palen for customized service programs for heating equipment, cooling equipment, energy management controls, reduced energy use and costs, and to service their industrial refrigeration equipment.
Headquartered in St. Paul, Minnesota, Marsden Services (Marsden) is comprised of several operating companies and is one of the largest privately-owned facility service providers in the United States. Founded in 1952, Marsden has grown both organically and through a series of strategic acquisitions, starting in 1976 with the acquisition of American Security. Marsden entered the HVAC space in 2008 with the acquisition of Palen Kimball. Dozens of acquisitions have followed.
Generational Equity Executive Managing Director of M&A – Central Region, Michael Goss, and his team, led by Senior M&A Advisor, Stephen Dinehart, with the support of Vice President, M&A, Jacob Mangalath, successfully closed the transaction. Executive Managing Director and Group Leader Randy Kamin established the initial relationship with Signature.
“Joining the Marsden family is a great transition for Signature Mechanical. It provides new growth opportunities for their employees and expanded services for their clients plus a clear ownership succession,” Dinehart said.
If you would like to explore other transactions our associates have supported in this industry, visit our dedicated Engineering, Contracting & Construction M&A deals page.
The information we learn from customers helps us personalize and continually improve your experience. Here are the types of information we gather.
We receive and store any information you enter on our Web site or give us in any other way. We do not sell or rent your personal information to others without your consent. We use the information we collect only for the purposes sending promotional information, enhancing the operation of our site, serving advertisements, for statistical purposes and to administer our systems. We DO NOT use third parties to provide customer service, to serve site content, to serve the advertisements you see on our site, to conduct surveys, to help administer promotional emails, or to administer drawings or contests, but reserve the right to do so in the future without advance notice.
DealForce, LLC’s affiliates are all part of one corporate family, they work with one another and may work together to provide services to you. The sharing of your information among affiliates enables DealForce to serve you more efficiently and makes it more convenient for you to do business with Generational Group. DealForce is permitted by law to share information with its affiliates. All of our affiliates follow similar privacy policies.
For reasons such as improving personalization of our service, we might receive information about you from other sources and add it to our account information.
Generational Group may license the use of its intellectual property including but not limited to its name, likeness, and logo for the use of affiliated offices. Such affiliated offices may not be owned, controlled, managed, supervised or staffed by employees, officers, or agents of Generational Group. Affiliated offices may be independently owned and operated. For more information about a particular office, please contact Generational Group at its office in Dallas, Texas.
This page may contain other proprietary notices and copyright information, the terms of which must be observed and followed.
Information on this web site may contain technical inaccuracies or typographical errors. Information may be changed or updated without notice. Generational Group may also make improvements and/or changes in the products and/or the programs described in this information at any time without notice.
Generational Group does not want to receive confidential or proprietary information from you through our web site. Please note that any information or material sent to Generational Group will be deemed NOT to be confidential. By sending Generational Group any information or material, you grant Generational Group an unrestricted, irrevocable license to use, reproduce, display, perform, modify, transmit and distribute those materials or information, and you also agree that Generational Group is free to use any ideas, concepts, know-how or techniques that you send us for any purpose.
Our computer system protects personal information using advanced firewall technology.
Information Generational Group publishes on the World Wide Web may contain references or cross references to other products, programs and services that are not announced or available in your country. Such references do not imply that Generational Group intends to announce such products, programs or services in your country. Consult a Generational Group representative for information regarding the products, programs and services which may be available to you.
Generational Group makes no representations whatsoever about any other web site which you may access through this one. When you access a non-Generational Group web site, please understand that it is independent from Generational Group, and that Generational Group has no control over the content on that web site. In addition, a link to a non-Generational Group web site does not mean that Generational Group endorses or accepts any responsibility for the content, or the use, of such web site. It is up to you to take precautions to ensure that whatever you select for your use is free of such items as viruses, worms, Trojan horses and other items of a destructive nature.
IN NO EVENT WILL Generational Group BE LIABLE TO ANY PARTY OR ANY DIRECT, INDIRECT, SPECIAL OR OTHER CONSEQUENTIAL DAMAGES FOR ANY USE OF THIS WEBSITE, OR ON ANY OTHER HYPERLINKED WEBSITE, INCLUDING, WITHOUT LIMITATION, ANY LOST PROFITS, BUSINESS INTERRUPTION, LOSS OF PROGRAMS OR OTHER DATA ON YOUR INFORMATION HANDLING SYSTEM OR OTHERWISE, EVEN IF WE ARE EXPRESSLY ADVISED OF THE POSSIBILITY OF SUCH DAMAGES.
Furthermore, all information contained within this website is the property of Generational Group.
Success, you have been added to our list.
it all started with a conference.
start your story today,
speak directly with one of our senior advisors +1-972-232-1121