On "Foundral Acquires Indiana Mechanical Firm"

Another roll-up play in the mechanical trades, and it's worth paying attention because Foundral is betting consolidation still works in a sector where margins are thin and retention is brutal. A. Hattersley & Sons brings design-build and project management chops—not just service calls—which means Foundral is chasing higher-margin commercial work, not residential aftermarket. If you're running an independent shop in the Northeast or Midwest, this should remind you that the real competition isn't your neighbor with a van anymore; it's PE-backed firms that can undercut you on price while owning the general contractor relationship.