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.