Armory Deal Announcement

The Cosine Group (“Cosine”), an affiliate of Armory Securities, LLC, is pleased to announce that JPG Plumbing & Mechanical Services, Inc. (“JPG”) has been acquired by Exigent, a portfolio Company of Huron Capital. This strategic partnership will support the Company’s continued growth trajectory and ongoing service line expansion. The transaction closed in March 2023 and Cosine served as exclusive M&A advisor. 

About JPG Plumbing & Mechanical Services:

JPG is based in Jessup, Maryland and provides plumbing, mechanical, HVAC, and industrial vacuum services throughout the Washington, D.C., Maryland, and Virginia area (“the DMV”). JPG has positioned itself as the preferred service and installation provider for owners and facility managers of complex plumbing, HVAC, and mechanical systems. JPG maintains a diversified customer base of leading property management firms, industrial & commercial facilities, as well as federal, state, and municipal government agencies. 

About Huron Capital:

Huron Capital (“Huron”) is a Detroit, Michigan-based private equity firm. Huron has managed over $1.8 billion on behalf of a global institutional investor base and completed over 260 acquisitions in business services and other industries since the firm’s inception.

About Armory Securities & The Cosine Group:

Armory Securities is an investment banking, consulting & asset management firm focused on the middle market. The firm has offices in Boston, New York City, Los Angeles, Dallas, and Chicago. This transaction continues Cosine’s strong track record within the Industrial & Engineering Services sector, marking the 8th completed transaction in the space since 2019. The transaction was led by Aaron Copeland, Matt Cusick, and Andrew Pharaoh.