AMPAM Parks Mechanical Expands Capabilities with Acquisition of Seal Electric, Inc.

AMPAM Parks Mechanical Expands Through Acquisition of Seal Electric, Inc.

In a significant move that consolidates its position in the multifamily market, AMPAM Parks Mechanical, Inc., known as AMPAM, has announced the acquisition of Seal Electric, Inc. This strategic acquisition brings Seal Electric's expertise in electrical services to AMPAM's portfolio, which has primarily focused on plumbing and HVAC solutions.

Founded in 1997, AMPAM has established a robust presence in the design-build plumbing and HVAC services sector, serving multifamily residential clients across California. The company is a respected name among top general contractors and developers in the multifamily segment. By acquiring Seal Electric, a respected full-service electrical contractor operational since 1996, AMPAM is thrilled to broaden its service offerings and introduce comprehensive mechanical, electrical, and plumbing (MEP) solutions.

Seal Electric's reputation for quality and reliability within the multifamily sector aligns perfectly with AMPAM’s goals. Led by President Joe Bongiovanni, Seal Electric has built a strong track record over two decades of service, focusing on large residential projects throughout California and Arizona. This integration not only enriches AMPAM’s capabilities but also positions it as the first multifamily-focused MEP provider in California.

In an official statement, AMPAM's co-founders, Buddy Parks and John Parks, expressed enthusiasm about welcoming Seal Electric. They praised the longstanding collaboration between the two companies over the last 20 years. “We’ve always valued the Seal Electric team’s dedication to their clients and their commitment to high-quality workmanship. This merger allows us to offer a fully integrated MEP solution, enhancing the overall value we deliver to our clients in the multifamily market,” they stated.

Joe Bongiovanni also expressed excitement about the partnership, stating that aligning with AMPAM provides an exciting path forward for Seal Electric. “Their industry standing for excellence and innovation in project delivery complements our vision perfectly. Together, our combined strengths will create unmatched efficiency and cost-savings for our clientele,” he noted.

Thanks to this acquisition, AMPAM can now provide a seamless integration of plumbing, HVAC, and electrical services, ultimately streamlining project management and enhancing customer satisfaction. The merger is expected to leverage both companies’ strengths, setting a new industry standard for MEP services in the multifamily market.

About AMPAM
AMPAM Parks Mechanical, Inc. has been a dedicated service provider in the multifamily end market since its establishment in 1997. With a workforce exceeding 1,000 employees in California, AMPAM offers a full suite of services including design-build, pre-fabrication, installation, and post-installation support. The company has been recognized for its operational excellence and is considered the premier provider of plumbing and HVAC solutions among top-tier multifamily developers.

About Seal Electric
Based in El Cajon, California, Seal Electric specializes in delivering electrical services tailored to large multifamily residential developments. The company boasts a best-in-class record with over 20 years of experience, firmly entrenching itself as a trusted collaborator for leading contractors and developers in the sector.

About Gemspring Capital
Gemspring Capital, a private equity firm headquartered in Westport, Connecticut, manages $3.8 billion in capital. The firm is committed to partnering with skilled management teams to drive growth and create sustainable competitive advantages in middle-market companies across various sectors, including business services, financial services, and technology-enabled services. By fostering collaborative efforts, Gemspring aims to create long-term value in all its partnerships.

For more information about AMPAM, visit www.ampam.com.