Mill Street acquires HRAC provider Nottawasaga Mechanical

Canadian private investment firm Mill Street & Co has acquired Nottawasaga Mechanical, a Wasaga Beach, Ontario-based heating, refrigeration and air conditioning services contractor. No financial terms were released. Established in 1986, Nottawasaga designs and installs comfort systems for owners of new and existing homes in the region of Central Ontario. Mill Street invested in the business via its Mechanical Construction Group. Mill Street acquired Aircon Mechanical Systems Inc and Trinity Energy Innovations Inc in December 2016.

PRESS RELEASE

Mill Street & Co.’s Mechanical Construction Group Acquires Nottawasaga Mechanical

Toronto, August 3, 2017 – Mill Street & Co. (“Mill Street”), is proud to announce, its Mechanical Construction Group has completed the acquisition of Nottawasaga Mechanical (“Nottawasaga”). For over 30 years, Nottawasaga has been delivering comfort and peace of mind to the Barrie and Georgian Triangle Area of Ontario as a heating, air conditioning and refrigeration contractor of choice.

“Bringing Nottawasaga Mechanical into the group will significantly enhance our ability to service the growing market of the Georgian Triangle Area of Central Ontario,” comments Brian Laval, Group President. “Nottawasaga has established a loyal customer base and a fantastic reputation since opening in 1986. The Company’s success is a result of its people who represent some of the most qualified professionals in the business. They are 100% dedicated to delivering exceptional customer service and satisfaction.”

“Nottawasaga represents a very strong strategic addition to our Mechanical Construction Group,” says Mill Street President, Noah Murad. “Within the growing Central Ontario market, Nottawasaga will add significant scale to our existing operations, while delivering immediate value to the company and its partners. This is a quality company and I am very proud to welcome its team to the Mill Street & Co. family.”

About Mill Street & Co. Mill Street & Co. is a diversified investment company committed to creating sustainable, long-term growth through the intelligent application and management of capital. Mill Street actively manages its investments with the goal of providing its investors with stable returns exceeding major indices and mutual funds. Mill Street invests primarily by purchasing equity positions in private and public companies. www.millstreetco.com For further information: Noah Murad, President E: contact@millstreetco.com T: 905-764-5645

Photo courtesy of Nottawasaga Mechanical