The Nutmeg Companies, Inc. Acquired by a Private Investment Group

We are pleased to announce the sale of our client, The Nutmeg Companies, Inc., to a private group of investors that is active in the mechanical and building services space across 11 states. The acquisition closed June 1, 2026.

Headquartered in Norwich, Connecticut, The Nutmeg Companies, Inc. is a family-owned general and mechanical contracting firm that has been serving clients throughout the Northeast since 1988. The company specializes in design-build and bid-build construction services, delivering projects across the commercial, healthcare, industrial, educational, government, and federal sectors. With in-house capabilities that include HVAC, plumbing, fire protection, carpentry, process piping, and value engineering, Nutmeg Companies provides comprehensive solutions from project conception through completion. Known for its hands-on approach and commitment to quality, the company has built a strong reputation for executing complex renovation, repair, remodeling, and new construction projects while fostering long-term relationships with clients across a wide range of industries.

Nutmeg Companies is now part of a combined company with over 750 talented trades people with locations that span the Mountain West, Central and East Coast regions. The company employs both union and non-union staff and works actively on large and small projects with both public and private customers.

Generational Group Executive Managing Director, M&A, Eastern Region – David Fergusson, and his team led by Managing Director, M&A, Jack Sluiter, with the support of Senior Vice President, M&A, Tristan Keeffe successfully closed the deal. Senior Managing Director, Private Client Group, Eric Matuszak established the initial relationship with The Nutmeg Companies, Inc.

Ryan Binkley, CEO of Generational Group, added, “We are proud to have advised on a transaction that not only achieved our client’s objectives but also positioned the company for its next stage of growth. Partnerships like this are most successful when both organizations share a commitment to excellence, innovation, and creating lasting value.”