Stout announced today that its client, The Pace Companies (“Pace”), has been acquired by Aterian Investment Partners, LLC (“Aterian”), a private equity firm based in New York. Stout served as exclusive financial advisor to Pace in connection with this transaction.

Pace, founded in 1968 and headquartered in Brooklyn, NY, is a full-service plumbing, fire-protection, and mechanical contractor. Pace has served as the key construction partner on a long list of world-class projects on behalf of major global institutions headquartered in or with offices in the New York metropolitan area.

“We are very pleased with the outcome of this transaction,” said Andru Coren, CEO of Pace. “With five decades of experience, Pace has built strong brand recognition and sets the standard in plumbing, fire protection, and mechanical contracting in New York City. [Stout Managing Director] Steven Rathbone and his associates at Stout did an outstanding job finding the right partner for the company in Aterian to continue its success and long-term growth.”

“In addition to the strong chemistry between Pace and Aterian, Aterian’s extensive experience and resources will further position Pace to capitalize on the significant opportunities ahead,” said Rathbone. “It was a pleasure to work with the Pace team on this transaction and bring about an exceptional result.”

Stout’s Chris Hannah, Natalie Walgren, and Steve Simone assisted in executing the deal.

Akin Gump Strauss Hauer & Feld served as the legal advisors to Pace.

See more transactions in the diversified industrials sector.