Michael Carter

Arista Air Conditioning, a multi-generation family-owned business with over 70 years of experience, has grown into one of the largest independent contractors for HVAC service, repair, maintenance, and retrofit installation in the New York metropolitan area. The Buyer, Daikin Comfort North America, is subsidiary of Daikin Industries, Ltd., a Fortune 1,000 company with more than 100,000 employees worldwide and a leading indoor comfort solutions provider. This acquisition aligns with Daikin’s strategic initiative to enhance its service capabilities and expand its reach in the Northeast. The integration has enhanced Arista’s ability to deliver energy-efficient, customizable VRV systems that meet the evolving needs of commercial buildings, healthcare facilities, educational institutions, and luxury residential clients.

CMG served as the exclusive financial advisor to Entropic, Inc. dba Resident Essentials in its majority sale to WILsquare Capital, a St. Louis, Missouri based private equity firm with a focus on internet and catalog-based enterprises. Terms of the transaction were not disclosed.

Wheels of CT, Inc. operated as a leading, full-service retail fuel and convenience company based in Milford, Connecticut. The Company traced its roots back to 1936, when it first engaged in propane and petroleum distribution and operating service stations in Fairfield county. The Company changed its name to Consumers Petroleum of Connecticut Inc. and has expanded its footprint growing the business to 26 retail locations throughout Fairfield and New Haven counties, all under the Wheels brand name. The Company also operated 22 wholesale dealer accounts in Connecticut, New York and New Jersey. Consumers Petroleum generates approximately $100m+ of revenue After a disciplined auction process, Global Partners was ultimately selected as the acquirer. Global, an $11 billion revenue NYSE-listed fuel marketing company, is one of the Northeast US’s largest independent owners, suppliers and operators of gasoline stations and convenience stores, tallying more than 1,600 total locations.

Career Team, LLC (“Career Team”) is a leading provider of outsourced services to regional workforce development boards and federally and state-funded work programs across the country. Its affiliate, Career Edge, LLC (“Career Edge”), is a rapidly growing and fully integrated EdTech software platform providing learning management system ("LMS") and case management software solutions to both existing workforce development customers along with numerous higher learning institutions. With significant continued tailwinds for future expansion, the Company and its founders/owners were at an important inflection point: exploring an ownership transition that allowed for meaningful liquidity while identifying a trusted partner that could accelerate and enhance the Company’s mission and expand our impact. The owners, through a recapitalization, elected to partner with Iron Creek Partners, a family office private investment firm with deep expertise in the Software sector, and Main Street Capital Corporation (NYSE:MAIN), an investment firm that provides long-term debt and equity capital solutions to growing companies. The owner will remain in his current position as CEO.

Unger Enterprises is a premier global innovator in professional cleaning tools and solutions. Headquartered in Bridgeport, CT, the Company serves a wide range of commercial markets, including janitorial, hospitality, healthcare, and foodservice. Known for its high-quality window cleaning systems, floor care tools, and restroom cleaning solutions, Unger’s products are trusted by professionals in more than 80 countries worldwide. Michael Carter, CMG’s Managing Partner, commented, “For CMG, it was a privilege to advise the second generation on both the purchase of the Company from their parents in 1995 and, years later, on the Company’s successful sale. Over the course of our 30 year relationship, CMG advised Unger and is proud to have acted as the chief exit advisor to the family on the successful sale of the business to BISSELL."

Carter Morse & Goodrich ("CMG") served as the exclusive financial advisor to Watson, Inc. in its sale to Glanbia, a global nutrition group headquartered in Ireland. Watson is a leading supplier of ingredients for the food and supplement industries with expertise in microencapsulation, agglomeration, micronizing, spray drying and film technology. Watson, headquartered in West Haven, Connecticut, with operations in Illinois, is a third-generation family owned company founded in 1939.

Carter Morse & Mathias ("CMM") is pleased to announce that it served as the exclusive financial advisor to Loos & Co. Inc. (“Loos”) in its sale to Central Wire Industries. Terms of the transaction were not disclosed.Founded in 1958, Loos, has been a leading manufacturer of specialty small diameter wire, wire rope and cable, cable assemblies, and cable hardware (fittings, terminals) to the industrial, aerospace and defense, distribution and medical markets. Loos has manufacturing operations in Pomfret Connecticut and Naples Florida, Loos is the only vertically integrated manufacturer of aircraft control cable, cable assemblies, and hardware accessories - drawing wire, stranding into cable, manufacturing end fittings, and producing cable assemblies in North America.