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H•••••••• U•• C••••

Industrial services / Hvac plumbing mechanical· Norwalk, CT
NAICS 238220
As of · 2 sources, 12 observations, 1 event; scored 3 days ago

What matters now

  1. $13.7M to $64M
    probable EBITDA

    Probable EBITDA $13.7M to $64M on revenue of $228.4M to $426.4M, estimated from 1523 employees.

    Inside the $1M to $15M EBITDA range most independent sponsors state they buy.

    InferenceDFX estimate from headcount on Form 5500, 45% confidence
  2. 33
    dealability of 100

    Why it fits: operating tenure +19.3, 19 years since earliest plan effective date (floor on age); sector demand +12.8, industrial services: sponsor demand index 0.85 (anonymised market prior).

    The largest contributions to its dealability score, each with the fact it rests on.

    DerivedDFX score, 23 Sep 2026
  3. 73
    data confidence of 100

    How sure the record is: 2 independent sources; latest effective observation 12 Sep 2026; size estimate at 45% confidence.

    How much of this page rests on independent sources rather than on our estimates.

    Measuredcount of sources and dates on the record
Already backed by an institution on file
  • Financed by B••••••••• P•••••• C••••• F••• (BDC filings, as of Jun 30, 2026)
Financing on file (BDC filings)
LenderInstrumentMarkMaturesAs of
B••••••••• P•••••• C••••• F•••Other, unknown
spread 2%
fair value $809,000
99.8Oct 21, 2030Jun 30, 2026 BDC filing

Mark is fair value as a percent of par, as the lender reported it. Positions a lender no longer holds are left out.

  • Covered headcount grew 78% between 2022 to 2024, from 1445 to 2567 people on the plan.
Dealability
33
moderate
Sponsor fit
79
high
Transition readiness
9
low
Data confidence
73
high
Opportunity
12
ranking only
What is it

Industrial services (Hvac plumbing mechanical) employer in Norwalk, CT, with 1,534 benefit plan participants on its latest filing, and a benefit plan in place since 2007. No website description has been captured yet.

Why does it fit
  • +1S•••••••••
    Estimate••• Locked
  • +19.3O•••••••••
    Fact••• Locked
  • +12.8S•••••••••
    Inference••• Locked
Why now
  • 0P•••••••••Resolved negative
    Fact••• LockedJan 1, 2022efast.dol.gov
  • +8.5M•••••••••M•••••••••
    Inference••• Locked
What its own filings say
  1. 2022 to 2024Workforce on the planrisingstrong weightFact
    ••• Locked
    Form 5500 · read Sep 17, 2026
How large is it
Probable revenue
$228M to $426M Estimate
Probable EBITDA
$13.7M to $64.0M Estimate
Workforce proxy
1,534 plan participants
Estimate computed on
1,523 employees, the headcount the size estimate used
Method
employees x sector revenue/employee band x sector EBITDA margin band
Confidence
45%
How certain are we
  • +30S•••••••••
    Fact2 independent sources
  • +29.6F••••••••
    Factlatest effective observation 2026-09-12
  • +13.5S•••••••••
    Estimate••• Locked
What changed
Ownership and transition activity
How the four classes are defined
  1. Jan 1, 2022plan year 2022Company transitionFactPlan terminated, sponsor continuesconfidence 50%
    1 plan marked final; the sponsor filed again the following plan year
    DOL EFAST2 Form 5500 datasets efast.dol.gov · last verified Sep 12, 2026
  1. Every dated event
  2. Jan 1, 2022Final benefit plan filingFactTransaction preparation
    ••• Locked
    DOL EFAST2 Form 5500 datasets efast.dol.gov
Decision makers

No named leader on the record yet: the company's site did not list one where we read it.

Profile
Founded
benefit plan since Jun 1, 2007 (age floor 19 years)
Ownership
not observed
Plans on file
1
What is the evidence
FactValueClassEffectiveSourceEvidence
Active participants1,523Fact2024-01-01DOL EFAST2 Form 5500 datasets
Ebitda band$38.8MEstimate2026-09-12DFX model output (scores, estimates, matches)
no URL
••• Locked
Hq locationNorwalk, CTFact2024-01-01DOL EFAST2 Form 5500 datasets
Naics code238220Fact2024-01-01DOL EFAST2 Form 5500 datasets
Plan count1Fact2024-01-01DOL EFAST2 Form 5500 datasets
Plan effective date earliest2007-06-01Fact2024-01-01DOL EFAST2 Form 5500 datasets
Plan participants1,534Fact2025-01-01DOL EFAST2 Form 5500 datasets
Plan participants2,567Fact2024-01-01DOL EFAST2 Form 5500 datasets
Plan participants2,134Fact2023-01-01DOL EFAST2 Form 5500 datasets
Plan participants1,445Fact2022-01-01DOL EFAST2 Form 5500 datasets
SubsectorHVAC plumbing mechanicalFact2024-01-01DOL EFAST2 Form 5500 datasets
VerticalIndustrial servicesFact2024-01-01DOL EFAST2 Form 5500 datasets