Private investment firm focused on specialty contractors

Craft Work Capital

At a glance

Deal typesPlatform, Add-on S4
GeographyMidwest US, Southeast US S3
SectorsHVAC, Plumbing & Electrical, Construction Services

What Craft Work Capital buys

Craft Work Capital is a Bethlehem, Pennsylvania investor that buys only specialty trade contractors: mechanical, HVAC, plumbing and electrical firms, plus related trades. It takes control positions and usually leaves the company's name and its existing leaders in place. Most of its current holdings sit under Mid-Am Building Solutions, an Indianapolis group it built for union contractors in the Midwest. That group includes Sexson Mechanical, Koontz-Wagner, Clinton Electric, R.W. Mead and Haase Mechanical. D&L, an Arkansas industrial HVACR contractor, is held outside it.

The firm says it has committed capital for this sector, but it publishes no revenue, EBITDA or check size range and no fund size. A smaller contractor is most likely to meet Craft Work as an add-on to a company it already owns. Comm Squad joined Clinton Electric in April 2025, and Rene Vanassche & Sons joined R.W. Mead in January 2026. Union shops in the Midwest are the clearest fit today.

Recent deals

Announced in the 24 months before November 5, 2026.

DateCompanyTypeSectorSource
Jan 2026Rene Vanassche & Sons MechanicalWarren, Michigan mechanical contractor folded into R.W. Mead, part of Mid-AmAdd-onHVAC, Plumbing & ElectricalSource
Aug 2025Rogers Building SolutionsSold to GHK Capital Partners by the Craft Work and Aterian joint venture after five yearsExitHVAC, Plumbing & ElectricalSource
Jun 2025Haase Mechanical ContractorsControl investment through Mid-Am in a Henderson, Kentucky mechanical contractor; Jarrod Haase stays as presidentAdd-onHVAC, Plumbing & ElectricalSource
Apr 2025Comm SquadLow voltage and cabling contractor in Lebanon, Illinois, now a division of Clinton ElectricAdd-onConstruction ServicesSource

Portfolio by sector

From the firm's portfolio page S3.

Held outside Mid-Am

  • D&L, Inc.

Mid-Am platform

  • Mid-Am Building Solutions
  • Clinton Electric
  • Comm Squad
  • Haase Mechanical Contractors
  • Koontz-Wagner (KW Services)
  • R.W. Mead & Sons
  • Rene Vanassche & Sons Mechanical
  • Sexson Mechanical

Past investments: Rogers Building Solutions, Coastal Mechanical Services, R&D Mechanical Services, Sluss & Padgett

Greymont’s take

How Craft Work Capital fits a seller

This buyer suits owners of mechanical, plumbing or electrical contracting businesses who want a specialist rather than a generalist fund. Its founder and president both worked with the contracting firms owned by PPL and Talen Energy before this, and Mid-Am says the firm understands surety and bonding. The releases show a steady pattern: the company keeps its name, and a long-serving manager stays or moves up to president, as at Clinton Electric and R.W. Mead. Mid-Am says owners who want to stay invested can roll equity into the wider group.

Craft Work also sells. Rogers went to GHK Capital Partners in August 2025 after five years. An owner should ask how long the firm expects to hold Mid-Am and where its capital comes from today, because it publishes no fund or size details. Non-union shops outside the Midwest should ask whether a new platform is planned.

Questions owners ask

Is Craft Work Capital part of Aterian Investment Partners?

Not for its current holdings. Rogers and its add-ons ran through Craft Work Capital Partners, a joint venture with Aterian, and that business was sold in August 2025. Mid-Am and D&L were bought through Craft Work Capital Investments, which Craft Work Capital manages, and those announcements do not name Aterian.

Does Craft Work Capital buy control of a company?

Yes. Its announcements from Rogers in 2020 through Haase in 2025 all describe control investments. Two other recent deals, Comm Squad and Rene Vanassche & Sons, were acquisitions made by companies it already owns.

Does a contractor keep its name after selling to Craft Work?

Usually, yes. Clinton Electric, R.W. Mead and Haase all kept their names, and Mid-Am says it preserves company names and leadership. Smaller add-ons can differ: Comm Squad became a division of Clinton Electric, and Rene Vanassche & Sons now operates as part of R.W. Mead.

What size company does Craft Work Capital look for?

It does not say. Its website gives no revenue, EBITDA or check size range, so an owner would need to ask the firm directly whether a company is large enough to be a new platform or better suited as an add-on.

Sources

  1. S1Craft Work Capital: About Us Accessed November 5, 2026
  2. S2Craft Work Capital: Why work with us? Accessed November 5, 2026
  3. S3Craft Work Capital: Our Companies Accessed November 5, 2026
  4. S4Craft Work Capital: In The News Accessed November 5, 2026
  5. S5Craft Work Capital: Contact Us Accessed November 5, 2026
  6. S6Craft Work Capital: Our Team Accessed November 5, 2026
  7. S7David Orinski named Partner and President of Craft Work Capital (February 13, 2025) Accessed November 5, 2026
  8. S8Craft Work Capital Investments Expands Mid-Am Platform with Investment in R.W. Mead & Sons (October 16, 2024) Accessed November 5, 2026
  9. S9Craft Work Capital Investments Announces Investment in Clinton Electric (July 1, 2024) Accessed November 5, 2026
  10. S10Craft Work Capital Investments Announces Investment in D&L, Inc. (July 10, 2023) Accessed November 5, 2026
  11. S11Craft Work Capital Investments Announces Investment in KW Services (June 23, 2023) Accessed November 5, 2026
  12. S12Craft Work Capital Investments Announces Investment in Sexson Mechanical (July 19, 2022) Accessed November 5, 2026
  13. S13Craft Work Capital Partners Announces Investment in Coastal Mechanical (June 3, 2021) Accessed November 5, 2026
  14. S14Craft Work Capital Partners Announces Investment in Rogers Mechanical Contractors (September 16, 2020) Accessed November 5, 2026
  15. S15Mid-Am Building Solutions: Why Mid-Am Accessed November 5, 2026
  16. S16Mid-Am Building Solutions: Our Portfolio Accessed November 5, 2026
  17. S17Mid-Am Building Solutions: News Accessed November 5, 2026
  18. S18Mid-Am Building Solutions home page Accessed November 5, 2026
  19. S19RW Mead Acquires Rene Vanassche & Sons Mechanical (January 22, 2026) Accessed November 5, 2026
  20. S20Investment in Haase Mechanical (June 2, 2025) Accessed November 5, 2026
  21. S21Clinton Electric Acquires Comm Squad (April 1, 2025) Accessed November 5, 2026
  22. S22Aterian Investment Partners and Craft Work Capital Complete Sale of Rogers Building Solutions (August 4, 2025) Accessed November 5, 2026

Compiled by Greymont Advisors from public sources, including the firm’s own website and press releases. Greymont is not affiliated with Craft Work Capital. Figures are as reported on the dates shown and may have changed. Request a correction

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