Generational Equity Advises Page Mechanical Group in its Sale to Reedy Industries

By Generational Equity


Generational Equity, a leading mergers and acquisitions advisor for privately held businesses, is pleased to announce the sale of its client, Page Mechanical Group, Inc. to Reedy Industries, LLC. The acquisition closed August 23, 2021.

Page Mechanical Group (PMG) is the leading commercial HVAC contractor serving Southwest Florida, with locations in Tampa, Fort Myers and West Palm Beach.

Founded in 1985, PMG provides comprehensive commercial HVAC services that encompass mechanical projects such as commercial equipment replacement, planned facility maintenance, pre-fabrication, commercial HVAC system installation, and in-house maintenance. PMG’s in-house fabrication capabilities include state-of-the-art production welding methods and equipment, enhanced by complete analysis of throughput operations to continually improve efficiency.

PMG’s expert use of the latest building information modeling (BIM) and virtual design and construction (VDC) technologies enable the entire project team to collaboratively view and work through the modeling and coordination process in preparation for a clash-free, efficiently constructed environment. The company’s planned maintenance agreements help customers avoid catastrophic service costs, extend equipment life, and increase operational reliability.

Reedy Industries serves critical environments in the commercial and industrial market spaces by focusing on HVAC, plumbing, and building controls services and solutions. Reedy Industries is actively expanding the services it provides within the building envelope and is doing so through both organic growth and acquisitions. Reedy Industries was founded in 1930 and is headquartered in Deerfield, IL, just outside Chicago.

“Joining the Reedy Industries family of companies will enable us to accelerate our growth in Florida, while preserving our employee-centric culture and the values that have earned us industry-leading customer loyalty,” says David Collins, Co-Founder and President of PMG. “The Reedy platform enables us to join with other regional leaders in our business to share knowledge, expertise, and resources to achieve the highest standards of service excellence.”

“PMG has distinguished itself as a leader in the Southwest Florida market,” says Joe Kirmser, Reedy Industries CEO. “At a time when the industry is undergoing challenges in keeping up with customer demand, David and his entire team have created an ecosystem that combines technological innovation and collaboration across disciplines with a culture that is hyper-focused on delivering value to customers.”

With this acquisition, Reedy Industries expands their services footprint in the Southeastern U.S., maintaining focus on meeting the needs of customers in the commercial, industrial, healthcare, education, government, and senior living market segments. PMG is the sixteenth acquisition for Reedy Industries since 2019. “This partnership further extends our growth in the Southeast U.S. We look forward to adding even greater density in the region through strategic add-on acquisitions,” Kirmser added.

With the acquisition complete, Collins will stay on with PMG in his current role as President and William Jones will continue as CFO. “Joining Reedy is like being chosen to play on an all-star team,” says Collins. “We’ll benefit from the financial resources and business expertise we need to grow and have the opportunity to ‘up our game’ by sharing with – and learning from – top-performing HVAC businesses around the country.”

Generational Equity Executive Managing Director, M&A-Technology Practice Leader, David Fergusson, and his team led by Senior Managing Director of Mergers and Acquisition, Terry Mackin, with the support of Vice President, Mergers & Acquisitions, Tristan Keeffe, successfully closed the deal. Executive Managing Director Edward G. Weber established the initial relationship with PMG.

“From the start of our acquisition discussions with the Reedy team, it was clear that there was a high level of interest from both parties to get a deal done which just made the process of due diligence that much more directed toward a successful close,” said Mackin.

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