Dallas-based distribution company Building Controls & Solutions has been acquired by Platte River Equity, a Denver private equity firm. The seller was Fort Worth-based LKCM Headwaters Investments, which founded BCS in 2019.
Terms of the deal weren’t disclosed.
Platte River makes control investments in North American industrial companies.
BCS, which has 24 branches across the United States and Canada, is a value-added distributor of building controls, automation, gas detection, and energy management solutions for commercial buildings. It offers a comprehensive range of products and services designed to optimize building performance and enhance energy efficiency.
“We are excited for the next big chapter with Platte River,” BCS CEO Eric Chernik said in a statement. “BCS is committed to delivering the highest value to our customers through our people, technologies, and product and service offerings, and we are confident that our partnership with Platte River will bring additional resources to support our future growth across North America.”
Platte River Managing Director Mark Brown said BCS fits well into its strategy. “BCS is a great example of Platte River’s continued strategy of partnering with niche, market leaders within its target sectors,” hesaid in a statement.
Added Tarun Kanthety, vice president of Platte River, in a statement: “BCS has been a company we’ve held in high regard, and we’re eager to support its next phase of growth. With the sector’s attractive trends and the company’s strong positioning, we’re enthusiastic about the future ahead.”
Bartlit Beck LLP served as legal counsel for the transaction, and Intrepid Investment Bankers served as financial advisor to Platte River.
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