Eureka News, Synergi LLC, Acquisition of Alpine Group (1974) Limited — Eureka Equity Partners (Jan. 24, 2023)

Summary

Eureka Equity Partners announced that its portfolio company Synergi LLC completed the acquisition of Alpine Group (1974) Limited from its shareholders. The release describes Synergi as an engineering and construction services firm specializing in the design, fabrication and installation of feature staircases across the United States, and Alpine as a construction services firm located outside London, England. Jim Admiraal, CEO of Synergi, and Michael Christopher, CFO of Synergi, are quoted on the acquisition, as is Tassie Oswald, a Partner with Eureka and a Director of Synergi. The release says Synergi was founded in 1986 and is headquartered in Elkridge, MD.

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Eureka News

PHILADELPHIA, PA -

Eureka Equity Partners (“Eureka”) today announced that its portfolio company Synergi LLC (“Synergi”), a leading engineering and construction services firm that specializes in the design, fabrication and installation of feature staircases across the United States, has completed the acquisition of Alpine Group (1974) Limited (“Alpine”) from its shareholders. Located outside London, England, Alpine is a construction services firm specializing in highly engineered feature staircases and other complementary structural features for properties across the greater London metropolitan area. Alpine has successfully grown into a leading provider of feature staircases in the greater London market, serving blue-chip customers across multiple end-use industries including the corporate office, hospitality and high-end residential markets.

Jim Admiraal, CEO of Synergi, said, “We are thrilled to formally partner with Alpine, marking a significant milestone in our long-term growth plans and ability to service our international client base. Alpine’s technical expertise, focus on architectural design, local market knowledge, and exemplary project management align perfectly with Synergi’s commitment to innovation, quality, and client delight. Our businesses share similar values and growth ambitions, with our combined teams offering a wealth of knowledge and deep expertise to clients. This integration allows us to offer an extended range of capabilities to customers across North America and the U.K., as they embark on complex projects across a variety of new build and historical spaces.”

Michael Christopher, CFO of Synergi, added, “Expanding into the U.K. made sense given the strong similarities between the markets and customers in the U.S. and London. The acquisition of Alpine strengthens our backlog and pipeline and will play a pivotal role in delivering on our financial initiatives and enhancing our value to customers, employees, and investors.”

“The acquisition of Alpine accelerates Synergi’s international expansion and enhances the company’s ability to deliver high-quality architectural feature stairs while supporting its increasingly global customers’ growth into new geographies,” said Tassie Oswald, a Partner with Eureka and a Director of Synergi. “With a growing pipeline of projects in London, the combined entity is better-positioned to serve clients locally, drive new business, and deepen its vendor partnerships integral to the quality and execution that differentiates Synergi.”

About Synergi LLC

Founded in 1986 and headquartered in Elkridge, MD, Synergi is one of the largest national turnkey providers of feature staircases in the United States, serving blue chip customers across multiple end-use industries including the corporate office market, higher education and healthcare. Synergi has developed and perfected an end-to-end turnkey solution that considerably de-risks the design, fabrication, and installation processes and delivers a more cost-effective and time-efficient product to the end customer. More information about Synergi LLC can be found at www.synergillc.com .

About Eureka Equity Partners

Eureka Equity Partners is a private equity firm targeting niche market leaders with up to $100 million in revenue across industry segments in which Eureka brings significant experience and operating resources, including business services, health care services, specialty industrials and consumer. Eureka focuses on partnering with proven managers to drive the growth of promising companies into outstanding enterprises. Eureka leads buyouts that bring significant ownership to the operators driving the success of the business. With this core principle that aligns the interests of our operators and our investors, Eureka is also experienced and comfortable effecting minority recapitalizations with flexible investment structures designed to uniquely meet the needs of the company, its management team and other shareholders. More information about Eureka Equity Partners can be found at www.eurekaequity.com .

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