Crete United
VerifiedPlatform
Ridgemont Equity Partners commercial-focused mechanical/energy-services platform.
Ownership
- Crete United backed by Ridgemont Equity Partners Verified
Related news
- ridgemontep.com· Mar 19, 2024
Crete United has acquired Prostar Energy Solutions to enhance its energy efficiency offerings. The addition of ProStar's HVAC optimization, IoT- and AI-powered controls, and energy procurement services supports Crete United's near-term revenue target of $1 billion. ProStar CEO Eric Sudol will become Crete United's President of Energy Efficiency, and a regional office will be established in Frisco, Texas. Ridgemont Equity Partners, which provided growth capital in 2022, continues to support Crete United's strategic growth.
- creteunited.com· Jan 29, 2024
Crete United announced its rebranding from Crete Mechanical Group, reflecting its integrated approach to energy efficiency services. The company, backed by Ridgemont Equity Partners, reported approximately 40% revenue growth in 2023 and has a near-term revenue target of $1 billion.
- businessnc.com
Crete United, formerly Crete Mechanical Group, has rebranded and established a key office in Charlotte. The company, backed by Ridgemont Equity Partners since 2022, added eight partner companies last year and now oversees 40 businesses with $680 million in annual revenue. CEO Mike Cox plans to relocate to Charlotte, where the company expects to employ up to 50 people by year-end, citing growth in commercial HVAC demand.
- pehub.com
Ridgemont Equity Partners is expected to put commercial HVAC and energy efficiency service provider Crete United on the block in early 2025. The article notes that deal momentum picks up in the second half of the year.