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Mostly cloudy skies early with scattered thunderstorms developing late. Low 71F. Winds light and variable. Chance of rain 50%.
ST. LOUIS--(BUSINESS WIRE)--Aug 11, 2022--
Compass Group Equity Partners, a St. Louis-based private equity firm, announced a new strategic partnership with Florida Energy, Water & Air (“FEWA”), an Orlando-based fully integrated sales, installation and service contractor providing water treatment systems, water heaters, HVAC, and related products across Florida, Georgia, and Alabama.
Since its founding in 1990, FEWA has expanded its product and service portfolio to become a one-stop shop for homeowners’ water treatment, water heater and air conditioning needs. The Company has amassed a loyal and diversified customer base through its robust sales function as well as key partnerships with blue-chip retailers. “FEWA is well respected in the industry and has delivered an impressive track record of organic growth, driven by its comprehensive and quality offerings, sophisticated commercial organization and deeply talented management team,” said Ryan Roepke, Compass Group Vice President. “We couldn’t be more excited about this partnership.”
“We felt a strong cultural connection with the Compass Group team early in the process and were impressed by their extensive thematic research and previous experience in the space,” said Tim Randolph II, FEWA CEO. “We are ready to embark on the next leg of growth for FEWA and continue our mission of helping homeowners maximize comfort and enjoyment at home.”
The partnership between Tim Randolph II and Compass is expected to expedite the growth of FEWA through a larger geographic footprint, enhanced operational systems and further expansion of product and service offerings.
About Compass Group Equity Partners
Compass Group Equity Partners, founded in 2015, is a St. Louis-based private equity firm with a record of success in partnering with and building lower middle-market companies. By leveraging the Firm’s operational, financial, and strategic expertise, Compass Group provides hands-on support and resources to aid management teams in exceeding historical performance and accelerating growth.
FEWA is a fully integrated sales, installation and service contractor providing water treatment systems, water heaters, HVAC, and related products to a large customer base across Florida, Georgia, and Alabama.
View source version on businesswire.com:https://www.businesswire.com/news/home/20220811005650/en/
KEYWORD: ALABAMA MISSOURI GEORGIA FLORIDA UNITED STATES NORTH AMERICA
INDUSTRY KEYWORD: UTILITIES CONSTRUCTION & PROPERTY ENVIRONMENT FINANCE ENERGY BUILDING SYSTEMS BANKING PROFESSIONAL SERVICES
SOURCE: Compass Group Equity Partners
http://www.businesswire.com/news/home/20220811005650/en
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