Tolin Mechanical Systems Group (“Tolin”) is an outsourced facilities maintenance services provider for commercial, industrial and institutional property owners and managers. The company’s mobile and on-site staffing services include managing, monitoring, executing and reporting on all operational and preventative, predictive and corrective maintenance activities related to a facilities technical systems, which include air filtration and indoor air quality, building automation systems and software, electrical distribution, emergency power, fire & life safety, heating, ventilation and air conditioning (HVAC), plumbing, temperature controls, and water treatment.
The privately held company’s owners / operators had grown the company to the point where they wanted to diversify their assets through a liquidity event, while bringing in a financial partner to fuel on-going growth. The founders of SLATE were engaged as Tolin’s exclusive financial advisor to accomplish this goal.
The founders of SLATE conducted a broad auction process focused on both strategic and financial buyers. Despite Tolin’s relatively small size, SLATE’s founders were able to spark the interest of acquirers typically interested in much larger companies by highlighting the company’s infrastructure and managerial talent, which would allow the company to grow rapidly and profitably. Ultimately, the founders of SLATE negotiated Tolin’s sale to The Jordan Company, a New York-based private equity group.
