Intrepid Advises Platte River Equity on its Acquisition of Building Controls & Solutions

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Intrepid Investment Bankers, a leading middle-market investment bank and the advisory arm of global financial group, MUFG, announced that it served as the exclusive financial advisor to Denver-based private equity firm, Platte River Equity, on its acquisition of Building Controls & Solutions (BCS) from LKCM Headwater Investments.

BCS is a value-added distributor of building automation solutions (BAS), offering a comprehensive range of products and services designed to optimize building performance, enhance energy efficiency, and improve occupant comfort. BCS operates 24 branches across North America and distributes a complete suite of products across ~20,000 SKUs, including controllers, peripherals, combustion devices, and gas detectors. The company partners with industry leading OEMs, including Johnson Controls, Belimo, Honeywell, and ABB, among others and serves ~6,000 customers across the BAS ecosystem, distributing its products to the education, government, healthcare facility, and data center end markets. Tombstone Medium 1

Platte River Equity’s acquisition will enable BCS to continue its industry leadership and will bring additional resources to support future growth across North America. BCS’s commitment to delivering the highest value to its customers through its people, technology, and product and service offerings will be enhanced through its partnership with Platte River. “BCS is a great example of Platte River’s continued strategy of partnering with niche, market leaders within its target sectors,” said Mark Brown, Managing Director at Platte River.  “We look forward to leveraging our experience within industrial distribution to continue to build upon the impressive platform that BCS has established.”

Platte River Vice President Tarun Kanthety added, “Intrepid’s expertise and industry knowledge were invaluable throughout the process. Their strategic insights helped navigate the deal to a successful close. We are grateful for their partnership.”

“It was an honor and pleasure to work alongside the Platte River team on their successful acquisition of BCS,” said Mike Strupe, Managing Director at Intrepid. “We congratulate Platte River on the investment and look forward to watching BCS’ continued success.”

Deal Team Contacts

Steven Nelson, Managing Director, Head of Sponsor Coverage

Mike Strupe, Managing Director, Industrials

Asher Safvi, Director, Industrials

James Heskett, Associate, Industrials

Media Contact

Mike Monroe, Head of Marketing

About Intrepid’s Industrials and Business Services Practice

Intrepid’s Industrials and Business Services practice is a hands-on, creative advisory team with deep industry expertise and a heritage of patiently guiding entrepreneurs and family business owners to achieve their transaction goals. We work with closely-held and investor-backed companies across key subsectors. Within industrials, we focus on residential and commercial services, industrial automation and material handling, safety products and PPE, flow control, electronic connectors, assemblies and components, process equipment and industrial machinery, engineering services and specialty contracting, building products, mechanical power transmission, contract textiles and furniture, environmental services, specialty distribution, and niche manufacturing. Within business services, we focus on tech-enabled services, marketing services and advertising agencies, specialty consulting, business process outsourcing, human capital management, and staffing and recruiting. Our senior bankers have developed a keen understanding of value drivers and valuation trends in these subsectors, and maintain ongoing dialogue with investors and strategic acquirers targeting these verticals.