Sagamore Heating and Plumbing, LLC is one of leading mechanical contractors serving the greater Boston and surrounding New England markets. With 30 plus years of history, the company enjoys a superior reputation for its customer service and technical expertise.

In 2021, the company’s owner, Joe Harold, decided he wanted to begin considering his transition options. While Joe received dozens of inquiries from prospective acquirers, he was unaware of the options that would best achieve his goals of preserving Sagamore’s strong family-minded culture, ensuring confidentiality of the transaction process, and ultimately maximizing value. To better understand his options, he reached out to BaseRock Partners.

Choosing the Right Path, Finding the Best Partner

BaseRock met with Joe to educate him on the pros and cons of a wide variety of transaction
approaches, including analyses of the estimated timing, risks, and proceeds of each. During
those discussions, BaseRock helped Joe gain comfort and confidence that a third-party
investment was best, if it could be conducted with the right partner who recognized the need to
maintain Sagamore’s family-minded culture and strong client-first approach to operations.

Based on Joe’s objectives and BaseRock’s strong understanding of the M&A market for mechanical contractors, BaseRock was able to develop a highly targeted list of potential investors that met Joe’s criteria. BaseRock then began the work of conducting due diligence and developing marketing materials that would serve to support the transaction process.

Following a short, highly confidential marketing process, Alaris Equity Partners emerged as the best fit for Joe and his team. The transaction closed in November 2022.

“The BaseRock Team was invaluable in helping me understand my transaction options in the construction industry and how each approach would satisfy Sagamore’s objectives and protect my legacy. Despite the complexities of a third-party transaction, BaseRock ensured I was well informed during each stage of the process and became an integral part of Sagamore’s advisory team. I am thrilled with the outcome we achieved and could not recommend the BaseRock team more highly to those considering their transaction options.”

- Joe Harold, President, Sagamore Heating & Plumbing, LLC.

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