The movement toward company alliances and large-scale consolidation continues with the recent announcement from mechanical contractor Grunau Co. that it has sold to APi Group, a Minnesota-based company comprised of 29 independently-managed specialty contractors. Terms of the sale were not disclosed.
Grunau President Paul Grunau, representing the fourth generation of family leadership, spoke with PM about his decision to sell, his thoughts on this new wave of industry consolidation, and what this new alliance will mean for his company.