WASHINGTON, DC (August 1, 2025) – Ascend Capital Group advised Fidelity Building Services Group (“Fidelity BSG”) on its acquisition of Cyrco, Inc., (“Cyrco”) a premier provider of comprehensive cooling tower services. This acquisition further strengthens Fidelity BSG’s growing presence and service-focused capabilities throughout the United States.
Based in Greensboro, North Carolina, Cyrco specializes in the repair, reconstruction, and fabrication of commercial and industrial cooling towers, serving a wide range of industries with solutions tailored to meet both energy efficiency and regulatory standards. The partnership will allow Cyrco to accelerate growth and better serve customers as part of Fidelity’s growing national platform.
“We’re proud to have supported the Fidelity BSG team on another meaningful acquisition,” said Thien Tran, Managing Director at Ascend Capital Group. “Founded in 1980, Cyrco has earned a strong reputation for its technical expertise and customer-centric culture. It’s an ideal fit for Fidelity’s strategic vision and values, and reflects Fidelity’s continued focus on partnering with companies that lead with excellence and innovation to deliver Proactive, World Class Service.”
This transaction marks another milestone in Ascend’s longstanding commitment to Fidelity’s strategic vision of expanding its presence and service capabilities by partnering with companies that share the same focus on people, culture, and values. By aligning strong operating platforms with high-performing entrepreneurial teams, Ascend remains committed to delivering strategic outcomes that drive long-term growth and value creation.
For more information on Ascend’s advisory services, please visit www.ascendcg.com.
