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D.C. Gas plans contractor buys

WASHINGTON -- Washington Gas Light Co. and Thayer Capital Partners announced the formation of Primary Investors LLC. Primary Investors, a holding company, will focus on buying hvac contractors. Primary Investors will make its investments through Primary Service Group LLC, its wholly owned subsidiary.

Washington Gas and Thayer Capital Partners each owns 50% of Primary Investors and each has an equal number of members on its board of directors. Each firm's initial equity commitment to the venture is $25 million. Earnings from inv

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