Generational Equity Advises Hampton Roads Mechanical of Virginia in its Sale to Amalgam Capital

By Generational Equity


Generational Equity, a leading mergers and acquisitions advisor for privately held businesses, is pleased to announce the sale of its client, Hampton Roads Mechanical, Inc., to Amalgam Capital LLC. The acquisition closed September 2, 2021.

Founded in 1986, Hampton Roads Mechanical of Virginia (HRMVA) is a full-service mechanical contractor in Chesapeake, Virginia. The Company provides mechanical services for commercial, industrial, medical, and institutional facilities throughout Southeast Virginia and Northeast North Carolina. HRMVA seeks to exceed customers’ expectations by providing high-quality, cost-effective mechanical construction in a professional and timely manner. 

Amalgam Capital, LLC, located in Chapel Hill, North Carolina, acquires and sustainably grows underrated businesses as independent sponsors. Their multidisciplinary team of investors, entrepreneurs, and operators has created substantial value for others. The firm seeks to invest in consumer products, distribution, industrial manufacturing, retail, healthcare, and industrial services. This acquisition was made under their newly formed holding company, Mechanair, simultaneous to one other acquisition in the same industry.

Generational Equity Executive Managing Director, M&A-Technology Practice Leader, David Fergusson, and his team, led by Managing Director, Mergers and Acquisitions, Jack Sluiter, with the support of Vice President, M&A, Tristan Keeffe, successfully closed the deal. Senior Managing Director Terry Stidham established the initial relationship with HRMVA.

“This is an exciting addition to Amalgam’s growing portfolio of industrial mechanical companies under their holding company, Mechanair,” said Sluiter. “I’m sure we’ll see more activity from them in the near future.”

About Generational

Headquartered in Dallas, Generational is one of the leading M&A advisory firms in North America.

With more than 350 professionals located throughout 17 offices in North America, the companies help business owners release the wealth of their business by providing growth consulting, merger, acquisition, and wealth management services. Their six-step approach features strategic and tactical growth consulting, exit planning education, business valuation, value enhancement strategies, M&A transactional services, and wealth management.

The M&A Advisor named the company Investment Banking Firm of the Year three years in a row, Valuation Firm of the Year in 2020, and North American Investment Bank of the Year in 2022 as well as Consulting Firm of the Year. For more information, visit