We Are Mechanical People Who Know and Love This Industry.
About TriplePoint
Our purpose is to deliver operational excellence for the built environment through strong employee engagement and company culture. We aim to deliver the best performance in the industry for customers, employees and owners.
As a super-regional Midwestern and Sunbelt corporation, TriplePoint looks to strategic acquisition to expand our delivery of operational excellence across the nation. We provide mechanical, electrical and plumbing trades for the commercial space, with an emphasis on agility, innovation and technical capability. We are bringing together full-line mechanical, electrical and plumbing companies aiming for the next level of operational excellence without sacrificing the heart of their business.
Adapting best practices to fit each of our companies drives sustainable growth and financial performance. We understand what it takes to create a successful and respected business in our industry, and we lever that knowledge to the advantage of each of our operating companies.
Our impressive growth stems from a prudent financial orientation. We strictly limit the amount of debt we use to operate and grow TriplePoint. With operations in Kansas City, Cincinnati, Columbus, Dayton, Indianapolis, Lexington, Elkin, NC, Winston-Salem, Dallas and Houston, we now rank among the top 10 largest mechanical firms in the U.S.
Our Capabilities
Mechanical
Our companies are experts in the latest technologies and equipment to install, replace or maintain your systems in environments ranging from demanding sterile lab and food processing applications to your office or school HVAC systems. Additionally, our companies provide fabrication solutions that allow multiple systems to be assembled and delivered on-site, ready for installation.
Electrical
TriplePoint is currently seeking operating companies with comprehensive capabilities for installing and maintaining electrical systems. Including but not limited to low-voltage installations, transformers, integrated building automation systems, panel replacements, emergency lighting and LED lighting upgrades.
Plumbing
We understand the plumbing challenges and needs for projects of all sizes. Our operating companies provide contracting and service capabilities for medical gas, storm systems, sanitary waste and vent, instrument air and domestic water Additionally, we specialize in fabrication of multi-faceted plumbing systems such as trench drains, plumbing headwalls and water heater skids.
Our Purpose
TriplePoint refers to the temperature and pressure at which the three phases of a substance – gas, liquid, and solid – are in equilibrium. Our goal is to tune our organization to a triple point of performance for our customers, employees, and investors.
We stand for uncompromising integrity and fair dealing. We seek out opportunities to support the communities in which our people live and our companies operate. We understand the power of being on a winning team.
Our employees are among the best craftspeople in the industry at delivering comfortable and productive built environments. That is important work. We aim for our people to be fully engaged in this work, operate safely and spend their entire careers with us.
This powerful combination of our core values with agility, innovation and technical capability enables our customers and our employees to feel like they are a part of something bigger.
Our Values
Safety first. Always first. This is a prerequisite to building safe, comfortable and productive built environments. TriplePoint operating companies maintain extraordinary safety records – that’s who we are.
An expert and engaged field force does wonders in service to customer expectations. We strive to not only satisfy customers, but also delight them.
Among our highest values is strong employee engagement. We want our employees to feel listened to, respected and valued for the craft and the dedication they deliver. We regularly measure employee engagement and believe we rank at the top of our industry in this important characteristic.
Technical excellence and innovation are at the center of our business. Paired with efficient delivery, these principles offer value to our customers and suppliers. TriplePoint provides apprenticeship programs, ongoing education and training for ever-evolving technical and professional growth opportunities.
We operate with financial prudence, strictly limiting the amount of debt we use to manage and grow the company. In our business, this approach best serves employees, customers and shareholders.
Our Board
Derek Glanvill
Executive Chairman
Derek Glanvill is a veteran engineering and construction executive across a broad spectrum of energy transition, infrastructure, industrial, and commercial sectors. Derek was previously the President of McCarthy Holdings, a top-15 large construction company where he spent 20 years leading significant growth and profitability through many high-margin businesses and best-in-class leadership programs. Prior to McCarthy, Derek was a Senior Vice President at Sverdrup Civil (now Jacobs Engineering) and President of a subsidiary of an international construction conglomerate.
Derek is currently a senior advisor and executive chairman for private equity firms which invest in profitable, growing companies with innovative products and services used in energy, utility, and infrastructure. He is also a tenured independent board director with considerable experience for more than 12 public, private or PE-backed portfolio company boards of directors. He received his B.Sc. in Civil & Structural Engineering at the University of Natal, South Africa and attended Stanford University Graduate School of Business.
Michael “Mike” Stewart
Founder, Stellex Capital
Michael “Mike” Stewart is a Founder and Managing Partner of Stellex Capital Management. He is also a member of the Stellex Investment Committee. Prior to establishing Stellex, Mike was a Partner at The Carlyle Group and a Managing Director and Co-Head of Carlyle Strategic Partners. Prior to joining Carlyle, Mike was one of the original principals of Sunrise Capital Partners, L.P. Prior to Sunrise, Mike spent eight years at Houlihan Lokey in the Financial Restructuring Group.
Mike is currently a Director on the boards of AFG Holdings, Inc., A. Stucki Company, Country Fresh, Custom Glass Parent LLC, Custom Made Meals, Dominion Hospitality Topco Limited, Fenix Parent LLC, Metals Holdings LLC, W&B Service Company, and Weber Logistics. Previously, he was also a Director of the board of Airwalk International LLC, Continental Global Material Handling LLC, Day Runner LLC, Diversified Machine, Inc., Famous Brands International (Mrs. Fields), Klenk Holz AG, Metaldyne LLC, NEXIQ Technologies, Inc., Permian Tank & Manufacturing, Inc., Riverside Millwork Company, Stellex Aerostructures, Inc., and Sterling LLC. Mike received his B.S. in Finance and Entrepreneurial Studies from the University of Southern California.
Irina Krasik
Managing Director, Stellex
Irina Krasik is a member of Stellex’s investment team. Prior to joining Stellex in 2021, Irina was a Principal at Bregal Partners where she led investments in the Business Services sector. Before Bregal Partners, she was a Principal at Wicks Capital Partners and prior to that an Associate at the Carlyle Group.
Irina is currently a Director of the board of Hodess Cleanroom Construction, LFG Data Services, and P3 Services. She previously served on the boards of Bendon, Bisnow, My Mochi, Northstar Travel Group, PLH Group, Sontiq, and Syndogo. Irina graduated from Rutgers University with a B.S. in Finance and holds an MBA from Harvard Business School with High Distinction.
Michael Cochran
Principal, Stellex
Michael Cochran is a member of Stellex’s investment team. Before joining Stellex, Michael was an Associate at Greenbriar Equity Group. Before that, he was an Analyst at Barclays in the Industrials Group.
Michael is currently a Director of the board of Armada Inc., Dennis & Co. Holding LLC, Hodess Cleanroom Construction, and Paragon. He was previously a Director of the board of USMP Holdings. Michael received his B.B.A. in Finance from the University of Notre Dame.
Terry Young
CEO, P3 Services
With a dynamic career in both the North American and international markets, Terry Young has provided strategic executive leadership and direction with industrial and commercial HVAC contractors, manufacturers, and suppliers. His executive management experience spans both public and private sectors, working in business development and operational leadership roles across multiple market segments.
Terry held key strategic roles with major HVAC equipment provider Trane Technologies in addition to over a decade at one of the industry’s leading mechanical contractors – Comfort Systems USA both as an Officer and the Senior Vice President of Services for the organization. Currently, Terry serves as the CEO of P3 Services, a PE-backed organization in the contractor services business while also sitting on several boards for industry sector technology groups before joining the Board of Directors at TriplePoint MEP. Terry studied Engineering at the TAFE College of New South Wales, Sydney Australia.
Timothy Riedel
Former President & Chief Operating Officer, ServiceLogic
Tim Riedel is an experienced leader in the commercial HVAC and building services industry. He previously served as the President and Chief Operating Officer of ServiceLogic, the largest privately held HVAC and mechanical company in the United States. During his 15-year tenure at ServiceLogic and its subsidiaries, Tim helped scale ServiceLogic nationally and led its acquisitions and integrations program.
Prior to ServiceLogic, Tim held management roles for the building systems division of Siemens Technologies. He currently serves on the boards of multiple private equity backed enterprises in the building services space as well as being engaged in consulting and advisory activities.
Bill Riddle
President, TRIPLEPOINT
Bill Riddle has more than 30 years of experience in the mechanical industry, including his current role as President of TriplePoint. Previously, he was President and CEO of TP Mechanical where he started in 1985 as an apprentice plumber. His posts included Superintendent, Project Manager and Vice President of commercial construction before assuming the role of CEO.
Bill currently serves as President and Director on the board of TriplePoint MEP.
Fran McCann
CEO, Polk Mechanical
Fran McCann is CEO of Polk Mechanical, an operating unit of TriplePoint MEP, and has been a part of the organization since its inception in 2003. He has served Polk in the leadership roles of President, Chief Operating Officer, and Vice President. With over 30 years of experience in the industry, Fran is a forward-thinking leader, constantly challenging his team of nearly 800 employees to accomplish more than they think possible. Using his creative approach, Fran has led his organization to consecutive years of record-breaking growth and best-in-class safety performance. Polk was previously named by the SMU Cox Business School Dallas 100 as the 16th fastest growing private company in Dallas/Fort Worth. Under his leadership, Polk’s culture has evolved to become a high-performance, customer-centric company, known in the industry as “Polk Nation.” Most recently, Polk was recognized by TEXO (the North Texas Joint Chapters of AGC and ABC) as the 2024 Specialty Contractor of the Year.
Fran is a graduate of Texas A&M University, has a Bachelor’s Degree in Construction Science, is the past Chairman of the Board for TEXO, and is an advisory member and past chairman of the Construction Education Foundation (the craft training arm for the North Texas construction industry). Polk Mechanical is a leading mechanical and industrial contractor with revenues more than $320 million, serving customers across the state of Texas from their offices in Dallas/Fort Worth, Buda (Austin/San Antonio), and Houston, Texas.