Walnut Creek, CA – The Arcticom Group (“Arcticom” or the “Company”), a leading provider of mission-critical mechanical services primarily focused on commercial refrigeration and HVAC systems, backed by A&M Capital Partners (“AMCP”), announced its acquisition of Tomco Mechanical Corporation (“Tomco”). Based in Westbury, NY, Tomco is a leading provider of commercial refrigeration and HVAC services, providing support for customers throughout the New York Tri-state region.
Tomco Mechanical has a leading reputation for providing refrigeration and HVAC repair, maintenance, installation, and remodeling services to a customer base of regional and national grocers and other commercial customers in New York, New Jersey and Connecticut. Tomco was founded in 1972 by Tony and Tina Martinelli and is currently led by their son, John Martinelli. Tomco’s senior management team will remain with the Company with John Martinelli continuing to serve as Tomco’s President and retaining a meaningful ownership stake in the combined business.
Jim Pape, CEO of Arcticom, stated, “We are incredibly excited to partner with John Martinelli and the Tomco team to expand our North American footprint and deliver complementary best-in-class services to our national and regional customers. This business combination establishes a scaled presence for Arcticom on the East Coast and enables us to more effectively serve our national customer accounts across multiple geographies.”
“Partnering with Arcticom is a tremendous opportunity for Tomco as we look to accelerate growth and further strengthen our value proposition for our customers,” said John Martinelli, President of Tomco. “Arcticom shares the same culture, values, and strategic vision that we have at Tomco and which we believe provides a great platform for our family owned and operated business.”
David Perskie, a Partner of AMCP, said “We are thrilled to welcome the Tomco team to the Arcticom family and look forward to supporting the Company in its next phase of growth. Tomco was a priority target for Arcticom for a variety of reasons, and we believe its completion is a key step in accomplishing our longer-term objectives.”
About The Arcticom Group
Through its network of HVACR companies, The Arcticom Group provides a wide variety of commercial and industrial refrigeration and HVAC services, including: preventative maintenance, repair, installation, renovation, new systems engineering and design, energy optimization, and refrigerant management programs. For more information, please visit www.arcticomgroup.com.
About Tomco Mechanical Corporation
Tomco Mechanical is a leading provider of commerical refrigeration and HVAC services in the New York Metro market. Founded in 1972 and based in Westbury, NY, Tomco provides services to a diverse base of grocery, municipal and education clients in the Tri-state region. region. For more information, please visit www.tomcomechanical.com.
About A&M Capital Partners
A&M Capital Partners (“AMCP”) is Alvarez & Marsal Capital’s flagship investment strategy focused on middle-market control transactions in North America with total assets under management of approximately $2.9 billion. AMCP partners with founders, corporates and management teams, providing the capital and strategic assistance that we believe is required to take businesses to the next level of success. More broadly, Alvarez & Marsal Capital is a multi-strategy private equity investment firm with over $4.2 billion in total assets under management across four investment strategies, which maintains a strategic association with Alvarez & Marsal, one of the largest operationally-focused advisory firms in the world. More information is available at www.www.a-mcapital.com.
