#United States #Chicago #Harvest Partners #Keystone Capital #Integra Testing

Keystone Capital's Strategic Transition

Keystone Capital Management, L.P. recently announced the successful completion of the sale of Integra Testing Services, a prominent national player in commercial HVAC testing and controlled environment certifications. This marks a significant transition not only for Keystone but also for the future of Integra under its new partnership with Harvest Partners, L.P.

A Look Back at Keystone's Investment

Keystone initially invested in Integra in 2021, recognizing the advantages in an industry ripe for consolidation. This investment was strategically crafted by merging two original companies, Fulton and Associates and Neudorfer Engineers, forming a robust foundation for Integra’s growth. Since then, Integra has seen remarkable success, with significant increases in revenue and personnel as they executed nearly 20 acquisitions, expanding their national presence exponentially.

Jason Van Zant, Managing Director at Keystone, remarked on the partnership, stating, "It was truly Keystone's honor to partner with Dominic Mazzolini, Bill Neudorfer, and the other leaders who embarked on this journey with us. We will cherish this experience and wish the Integra team the best in their new partnership with Harvest."

Future Vision with Harvest Partners

Integra's leadership remains intact, with CEO Dominic Mazzolini at the helm. He expressed gratitude towards Keystone for their support over the past five years. "Navigating this journey with Keystone has been incredible. Together, we envisioned Integra as a national market leader, and we have achieved that vision. We are optimistic about our future with Harvest, which promises continued growth and opportunity."

Integra's Market Position

Integra Testing Services stands as one of the largest independent providers of certified testing, adjusting, and balancing (TAB) services and related facility testing for commercial HVAC systems across the U.S., Mexico, and Guam. Their extensive offerings include cleanroom certification, fume hood testing, and air barrier testing—ensuring that building owners, design professionals, and end-users receive the optimal environment for their projects.

With more than 600 professionals and 30 office locations, Integra is well-positioned to leverage this new chapter under Harvest Partners, a firm renowned for its service-oriented investments across various industries with over $20 billion in assets.

Conclusion

The transaction, while undisclosed in financial specifics, represents a vital shift within the HVAC industry. Keystone Capital and Integra's successful partnership illustrates how strategic leadership and vision can contribute to meaningful growth and market leadership. As Integra embarks on this new journey with Harvest, all eyes will be on how they continue to uphold their standards of excellence in providing vital HVAC services nationally and abroad.