SubSplit Services Group, LP Acquires Ideal Consolidated, Inc.

MEMPHIS, Tenn., Nov. 10, 2026 /PRNewswire/ -- SubSplit Services Group, LP, today announces the acquisition of mechanical contracting firm Ideal Consolidated, Inc. from Martell Services Group, Inc.

"Ideal Consolidated has been serving the South Bend community since 1956, and that kind of longevity only comes from craftsmanship and trust. We consider it a privilege to partner with Mick and the Ideal team as they continue to deliver dependable mechanical solutions to owners and contractors across Indiana and Michigan." – Matthew Brennan, Managing Partner, SubSplit Services Group, LP.

Formed in 2023, SubSplit Services Group, LP is a permanent capital partner to the mechanical contractor companies behind the country's most critical systems. SubSplit accelerates support to the leaders who construct, maintain, and operate those systems, so their teams, their craft, and their legacy keep growing.

SubSplit has significant experience developing and rolling out multi-site branch strategies, acquiring respected competitors, and adding capabilities and services. It is a trusted partner for owners who care deeply about what they have built and who carries it forward.

Incorporated in the state of Indiana in 1956, Ideal Consolidated, Inc. is a South Bend–based mechanical contractor specializing in commercial, industrial, and institutional piping, plumbing, and sheet metal work, with offices in South Bend, Indiana, and Portage, Michigan.

For nearly 70 years, Ideal has built long-term customer relationships through dependable service, quality workmanship, and 24-hour emergency response, delivering signature projects across higher education, healthcare, and advanced manufacturing facilities throughout northern Indiana and southwest Michigan.

"Our goal was to build a path for Martell Services Group to continue and thrive beyond our family. This opportunity with SubSplit is a reflection of that vision — positioning Ideal Consolidated for the next chapter while honoring what has been built and creating continued opportunity for the people who helped build it. We're excited about what this means for the future, knowing that SubSplit will honor it by allowing Ideal Consolidated to continue to thrive under their leadership." – John A. Martell, CEO, Martell Services Group, Inc.

"This transaction marks an exciting new chapter for our team and our customers. In SubSplit, we found a partner who shares our core value of safely providing quality services. We are extremely grateful for the leadership and vision John Martell brought to Ideal Consolidated — his guidance laid a strong foundation and inspired Ideal's growth over nearly two decades. I look forward to taking an even larger step forward with our new partners at SubSplit." – Mick Rauch, President, Ideal Consolidated, Inc.

About

SubSplit Services Group, L.P. is a permanent capital partner helping the mechanical contractor companies behind the country's most critical systems grow healthier and stronger for the long run — preserving culture, supporting successor leaders, and enhancing long term value. Find out more at www.subsplitsg.com.

Ideal Consolidated, Inc. is a mechanical contractor providing plumbing, industrial piping, HVAC, and design/build services to commercial, industrial, and institutional customers. Find out more at www.idealconsolidated.com.

SOURCE SubSplit Services Group, L.P.