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Aterian Investment Partners, a private investment firm, through its joint venture Craft Work Capital Partners LLC, has announced a strategic partnership with Coastal Mechanical Services LLC, through the Rogers Mechanical Contractors LLC platform. This represents Rogers' second add-on acquisition since Aterian and Craft Work's initial investment last September.
Tracing its roots back to 1985 and based in Melbourne, Florida, Coastal is a leading provider of HVAC / mechanical and plumbing contracting services in the state of Florida. Coastal is led by an experienced management team, with an excellent reputation for operational execution, in-house design, engineering, drafting, fabrication, installation, and service expertise. A management-owned business, Coastal has strategically evolved into a leading mechanical subcontractor in Florida with deep project experience across the healthcare, education, and aerospace and defense end-markets, amongst others.
Jeff Geiger, president of Coastal, stated, "We could not be more excited about partnering with Rogers management to build upon our collective growth plans. While we will continue to operate under the Coastal brand, we are excited about the opportunity to leverage best practices across our organizations to help better serve our customers. We are strong believers in the strategic growth plan that Craft Work and Aterian developed alongside Rogers, and we are thrilled to partner with such a high caliber team at Rogers and to execute on that vision."
Michael Fieldstone, co-founder and partner at Aterian, said, "We are excited to complement Rogers with a strong Florida presence, and the highly-skilled and cohesive team with the addition of Coastal. Combined, the businesses are leaders servicing the high-growth end markets of distribution centers, healthcare, and education. We look forward to supporting management's organic growth plan as well as executing on additional strategic acquisitions."
Daniel Phan, principal at Aterian, added, "We are thrilled to have closed our second add-on to the Rogers platform since partnering with their team. We believe Jeff and his team will make a great addition to the Rogers platform as we continue to expand our footprint nationally."