Del Monte Capital has acquired Integrity Elevator Solutions, a provider of commercial elevator installations, modernizations, maintenance, and repair services.
Integrity Elevator Solutions provides its services to industrial and petrochemical facilities, healthcare providers, offices, universities, and government buildings across Texas and Louisiana. The company was founded in 2020 by Brent Stark and is headquartered near Houston in Beaumont, Texas.
Mr. Stark continues to lead IES in partnership with Del Monte Capital as the company looks to expand both organically and through acquisition. Del Monte closed its buy of IES in March 2024 and closed the add-on acquisition of Louisiana-based Stratos Elevator in April 2024.
“IES is thrilled to partner with Del Monte Capital,” said Mr. Stark. “Our customers trust us because they know our mechanics are the best in the business. Now with more support, we can serve more customers while continuing to offer our mechanics industry-leading compensation and training.”
“Integrity Elevator Solutions is an extraordinary company with a proven track record and compelling growth opportunities,” said Ross Canion, a managing partner at Del Monte Capital.
“This investment aligns perfectly with our strategy of partnering with exceptional founders and management teams to drive growth,” said Ben Weinblatt, a partner at Del Monte Capital. “We’re excited to support Mr. Stark and the IES team on this important next phase.”
Del Monte Capital makes control investments in United States-headquartered companies that have revenues from $10 million to $100 million and EBITDA of $3 million to $15 million. Sectors of interest include infrastructure, life safety and security, industrial, value-added distribution, specialty construction, business services, building products, and niche manufacturing.
Del Monte Capital is led by managing partners David Hartland and Ross Canion, along with partner Ben Weinblatt; all of whom were previously investment professionals at Tulcan, a Houston-based private equity firm.
“When I met with the Del Monte Capital team, I knew it was the right partner. They supported my vision for growth and shared my company’s most important values,” concluded Mr. Stark.
Del Monte Capital was founded in 2023 and is headquartered in Houston.
© 2024 Private Equity Professional | June 4, 2024
