Pinnacle MEP
Midwest-based provider of mechanical, electrical, plumbing and piping (MEP) services, including HVAC and plumbing, serving commercial, industrial and residential customers.
Company profile compiled from public sources (company filings, rating-agency reports, and press releases) — distinct from the SEC Schedule-of-Investments pricing data below.
Lenders
SEC filing entity: Pinnacle MEP Intermediate Holdco LLC and BPCP Pinnacle Holdings, Inc.
Pinnacle MEP is held by 2 BDC lenders in our parsed SEC filings: AGTC, ARCC.
Cross-lender loan pricing
Each row is one debt tranche at the BDC’s most recent filing that holds this borrower, widest spread first. Mark is the position’s fair value as a percent of par (100 = par). Spread is shown in basis points over the benchmark in the Rate column, normalized from each filing’s as-reported units — rows quoting different benchmarks are still not directly comparable. Compare like-for-like: a second-lien tranche, a different vintage, or an older filing should price wider even when the credit view is identical — check the Type and Filing columns before reading a gap as disagreement. Source: SEC EDGAR (public).
| BDC | Type | Rate | Cash spread (bps) | Mark (% of par) | Fair Value | Maturity | Filing |
|---|---|---|---|---|---|---|---|
| AGTC | 1L Sr Secured | PIK | 675 | 91.0 | $582K | 2030-10 | 2026-08-07 |
| AGTC | 1L Sr Secured | PIK | 675 | 91.0 | $8M | 2030-10 | 2026-08-07 |
| ARCC | 1L Sr Secured | PIK | 675 | 80.0 | $400K | 2030-10 | 2026-07-29 |
| ARCC | 1L Sr Secured | PIK | 675 | 90.9 | $6M | 2030-10 | 2026-07-29 |
Marks reflect each BDC’s own fair-value estimates as reported to the SEC, not traded prices. Private-credit loans are predominantly Level 3 under ASC 820 — valued from unobservable inputs and determined in good faith by each BDC’s board, so figures are estimates as of the filing date and are not directly comparable across managers. Informational only; not investment advice or a valuation.
Ownership & deal activity
Ownership and acquisition events compiled from public sources and audited against the linked source. Each event links to its source; “(reported)” marks a lower-confidence item. Verify anything material against the original source.
- divestitureFirmament exits its investment in Pinnacle MEP upon Blue Point recapitalizationFirmament formally announced its full exit from Pinnacle MEP following the completion of the Blue Point Capital Partners recapitalization; terms were undisclosed.
- minority investmentThe Firmament Group invests growth capital in Pinnacle MEP HoldingsThe Firmament Group, a provider of tailored debt and equity capital solutions to SMEs, announced a growth (minority) investment in Pinnacle MEP Holdings LLC, then a portfolio company of Aquila Equity Partners, to support its acquisition-led expansion.
- lboAquila Equity Partners founds and backs Pinnacle MEP Holdings as a new HVACR platformPinnacle MEP Holdings LLC was founded in 2020 by the principals of Aquila Equity Partners as a Midwest-based HVACR, plumbing, and electrical services platform.
- acquisitionPinnacle MEP (Blue Point-backed) acquires Hammans Electric, Inc.Pinnacle MEP acquired Hammans Electric, Inc., a licensed electrical contractor with over 30 years of commercial and industrial services experience in the Indianapolis area, as its second add-on under Blue Point.
Headlines mentioning Pinnacle MEP
Reading this table
When two business development companies lend to the same borrower, comparing how each marks the loan is a starting question, not a verdict. In plain English: a wider spread (e.g. S+575 vs S+525) or a lower mark (e.g. 96 vs 100 cents on the dollar) can mean that lender is pricing in more risk — but marks can also differ for reasons other than a credit view: a different tranche (second lien should price wider than first lien on the same company), a different vintage or entry point, an older filing date, or each manager’s own fair-value methodology. Compare like-for-like — check the Type and Filing columns before reading a gap as disagreement. Each row is one debt position at one BDC’s most recent filing. Source: SEC EDGAR Schedule of Investments (public).
Want to read these numbers like an analyst? Free Oxford Ledge lessons: reading a BDC’s Schedule of Investments, key credit metrics, and the Five Cs of credit analysis.