PCE Investment Bankers, a leading financial services firm for midmarket companies, is pleased to announce the sale of Marick, Inc. ("Marick") to the Orion Group ("Orion"), a commercial facility services business. PCE served as the exclusive advisor to Marick, a leading commercial refrigeration and HVAC service company.
Rick Thornton and Mark Thornton, co-owners of Marick, hope to build on the culture Marick has developed over the years through their partnership with Orion. Mark Thornton stated, "Our partnership with Orion will allow Marick to invest meaningfully in recruiting, training, and developing the best people in the industry. We'll look to continue to grow our footprint in Iowa, Nebraska, and Kansas and also consider opportunities for further geographic expansion to better serve our customers."
"Marick has a strong legacy of high-quality service and commitment to their customers in the region. We are excited to partner with this team to help support and grow that legacy for years to come," said Tessa Wiegand, Orion's Midwest Mechanical Services CEO.
Rick Thornton continued, "we could not have accomplished this transaction without PCE's assistance. Our primary objective was to find a partner who would share our belief that people development is the base on which all great businesses are built."
“We are very happy for Marick's shareholders and employees,” said Michael Rosendahl of PCE. “The Marick team built one of the premier HVACR companies in the Midwest and deserves this outcome. Their partnership with Orion is an excellent fit that will foster further expansion.”
Marick has been one of the Midwest's leading refrigeration and HVAC service providers since 1974. Marick specializes in repairing, maintaining, and installing commercial refrigeration systems for grocers, convenience stores, and other commercial facilities. Richard Thornton founded Marick, which Mark and Rick Thornton have led since 1999.
Giordano, Haaleran & Ciesla provided legal representation to Marick. Morrison & Foerster, LLP represented Orion.
About Marick: Headquartered in Des Moines, Iowa, Marick was founded in 1974. Marick specializes in repairing, maintaining, and installing commercial refrigeration and HVAC equipment.
About Orion: Orion Group is a commercial facility services company seeking to partner with market-leading family-owned service providers. Through its People First approach, Orion supports locally managed operations through investments in recruiting and training and strives to create unmatched growth opportunities for its people. Orion was founded by Will Adams, Isaiah Brown, and Max Agranoff in 2019. www.OrionServicesGroup.com