We are tracking Crete United's add-on acquisition of Ellis Mechanical, based in Indianapolis, announced May 26, 2026. Deal value undisclosed; no multiple disclosed.
Ellis, founded in 1988, delivers commercial and industrial mechanical, plumbing, HVAC, and electrical services. It is Crete's first Indiana partner and its ninth Midwest operating company.
Crete United, backed by Ridgemont Equity Partners, runs a national commercial MEP platform with about $680,000,000 revenue, roughly three thousand five hundred technicians, and more than forty partner companies.
Deal counsel Rosenn Jenkins and Greenwald confirmed the sale on June 12, 2026, alongside Crete's own release.
Trade coverage suggests Ridgemont has been exploring a platform-level recapitalization or sale of Crete United, so we watch for a sponsor-level event. Our data indicates steady Midwest infill here, with the material signal sitting one level up. A Crete recapitalization would reset comparables across the national commercial MEP category and merits close attention.