Colorado companies MTech Mechanical and Total Plumbing merge
MTech Mechanical, a Colorado-based mechanical systems provider announced in a press release that it has merged with Total Plumbing, one of the state's most recognized providers of commercial and residential plumbing services.
As a result of the merger, the number of employees will increase to more than 350 and annual revenues are estimated to exceed $95 million. While MTech will take over most of Total Plumbing's commercial contracts, the plumbing service provider will continue to operate its Special Projects and Service divisions under its original name.
"MTech and Total Plumbing have enjoyed a strong working relationship for many years," said Thomas Dean, president and co-founder of MTech in the press release. "This merger answers what our clients have asked for, a company that provides true design/build commercial HVAC and plumbing capabilities complemented with strong maintenance and repair services."
Roger Rayfield, Total Plumbing's CEO echoed that sentiment saying that the merging of the two companies was the next logical step in providing great service to its customers. Rayfield will now serve on MTech's board of directors.
MTech's acquisition of Total Plumbing reflects an industry-wide trend of companies merging in order to provide a wider range of services. MTech already provides comprehensive design and build services for its clients and the addition of Total Plumbing's expertise will make them a one-stop shop.
Any merger between more than two companies can be logistically complicated. This is where a mergers and acquisitions firm can help. Experienced professionals who are knowledgeable in this field can provide training throughout the entirety of the process and assist with a smooth transition.