Blue Point-Backed Pinnacle MEP Amps Up Portfolio with Hammans Electric Add-On

CLEVELAND--(BUSINESS WIRE)--Blue Point Capital Partners and its portfolio company, Pinnacle MEP, announced today the strategic acquisition of Hammans Electric, Inc., a licensed electrical contractor with more than 30 years of experience in commercial and industrial services throughout the Indianapolis area.

This is the second transaction for the Pinnacle platform in partnership with Blue Point since the firm’s initial investment last year, and the fifth Indianapolis-based add-on overall, bringing the total number of investments to 17 across the greater Midwest.

Founded in Indianapolis, Hammans Electric is recognized for its team of certified master electricians and long-standing commitment to quality, safety and customer satisfaction. The company has built a trusted reputation for delivering high-caliber electrical solutions with a focus on service excellence.

“From the beginning, it was clear that our values aligned with Pinnacle’s — a shared commitment to integrity, quality and putting people first,” said Hammans Electric President Mike Hammans. “This partnership brings founder-focused support and resources that allow us to grow while staying true to our roots. We’re excited to expand our capabilities and continue delivering exceptional service across Indiana.”

Pinnacle MEP is a growing trade services platform with a mission to empower HVACR, electrical and plumbing companies to better serve their communities through operational excellence and customer-first values. The platform maintains a strong local presence in each of its markets and has continued to expand through targeted M&A and strategic partnerships, including the recent acquisition of Indiana-based Bell Plumbing Services in November 2024.

“Hammans is a great fit for the Pinnacle platform,” said Bill Kowal, a member of Blue Point’s Operating Group and chairman of Pinnacle. “We’re excited to expand our electrical services in Indiana, grow our regional presence and continue building a full-service offering across the Midwest.”

Pinnacle is actively seeking additional partnerships with like-minded market leaders in HVACR, electrical and plumbing services. Business owners interested in learning more may contact Blue Point Managing Director, Business Development, Megan Kneipp at mkneipp@bluepointcapital.com.

Hammans Electric Inc. is a licensed electrical contractor based in Indianapolis, Indiana, specializing in commercial and industrial electrical services. Established in 1989, the company has over 30 years of experience serving clients in Indianapolis and the surrounding areas. With a team of certified master electricians, Hammans Electric is committed to delivering quality assurance and certified installations for its customers.​

Pinnacle MEP is a portfolio of companies providing HVACR, plumbing, electrical and related mechanical services with a vision for every community to be served by reliable and trustworthy trades within the industry. Comprised of operators and entrepreneurs who know how challenging it can be to run a successful business; Pinnacle is equipped with the resources to help them grow effectively and do more for the people who rely on them.

Blue Point Capital Partners is a private equity firm managing over $1.8 billion in committed capital. With nationwide resources, Blue Point’s geographical footprint allows it to establish relationships with local and regional entrepreneurs and advisors while providing the perspectives and resources of a global organization. Blue Point has over a two-decade history of partnering with lower middle-market businesses to build processes and capabilities to achieve growth. Blue Point’s portfolio is supported by its unique capabilities — which include an integrative team focused on innovative global supply chain, data and digital and human capital strategies — as well as its extensive experience, network of industry resources and focused M&A efforts. Blue Point typically invests in businesses that generate between $30 million and $300 million in revenue.

Note: Certain statements about Blue Point Capital Partners made by portfolio company executives herein are intended to illustrate Blue Point Capital Partners’ business relationship with such persons, including with respect to Blue Point Capital Partners’ facilities as a business partner, rather than Blue Point Capital Partners’ capabilities or expertise with respect to investment advisory services. Portfolio company executives were not compensated in connection with their participation, although they generally receive compensation and investment opportunities in connection with their portfolio company roles, and in certain cases are also owners of portfolio company securities and/or investors in Blue Point Capital Partners-sponsored vehicles.