Conditioned Air Corp. of Naples Inc. announced it has successfully completed a recapitalization as it prepares to expand in the southwest Florida region. The company has taken on partners with an equity position via private equity firm, Gemini Investors, based in Boston.
Morgenthaler Private Equity (MPE) has announced the recapitalization of United Pipe & Steel Corp. (UP&S), a leading independent master distributor of steel pipe, copper tubing, plastic pipe, electrical conduit, and related products serving customers in the plumbing; HVAC; pipe, valve, and fittings (PVF); waterworks; and electrical markets.