Doeren Mayhew Capital Advisors (DMCA), a middle-market Michigan investment bank, assisted Marshall & Wells Co., a commercial heating and cooling equipment supplier, in its recent sale to Ambient Enterprises (Ambient), a national collective of HVAC design and implementation firms.
Headquartered in Grandville, Michigan, Marshall & Wells has been a trusted name in the HVAC industry since the 1930’s. Representing over 35 commercial and industrial HVAC manufacturers across the United States, it is known for its commitment to product quality and exceptional customer service. The transaction is expected to build Ambient’s national network with the robust product portfolio and long-standing relationships Marshall & Wells brings throughout the Great Lakes’ region.
“With over 20 years of experience working with Doeren Mayhew on the CPA side, we had complete confidence that partnering with their investment banking affiliate, DMCA, would deliver exceptional value,” said Dennis Schellenboom, president of Marshall & Wells. “DMCA exceeded our expectations — their deep expertise, strategic insight and hands-on guidance were instrumental in navigating a complex process. Their team was a true difference-maker, and our success is a direct result of their unwavering commitment and capabilities.”
The Michigan investment bankers at DMCA were engaged to act as exclusive advisors to the seller, leading negotiations and performing due diligence throughout the transaction.
“We are thrilled to have had the opportunity to represent Marshall & Wells. With nearly a century-long history and strong ties in the region, Marshall & Wells was favorably positioned for DMCA to execute a competitive process,” said Daniel Walsh managing director at Doeren Mayhew Capital Advisors. “Timing of when we were engaged was a critical component in the success of the sale. We were able to ensure a favorable outcome for our client in a short period of time.”
