Colorado Springs, Colorado 2021-09-05 17:52:14 –
Huron Capital Partners, a private equity firm based in Detroit, has Pueblo Mechanical and Controls, a Texas HVAC and plumbing installation, remodeling and repair service platform, at Central Air and Heating Service Inc, also in Lone Star. Announced that it has acquired.
The deal, whose financial details have not been revealed, expands Pueblo’s presence to southern Texas.
Family-owned and operated by the family since 1972, CAHS provides schools, businesses, and other institutions with the installation, repair, and replacement of air conditioning and heating systems throughout the Lower Rio Grande Valley.
“With the addition of CAHS, we will be able to significantly expand our presence in Texas and serve the entire state,” said Pueblo CEO Dumbshell. “We are pleased to welcome another strong team of industry experts to the growing company.”
Over the last 49 years, CAHS has built many long-term relationships with commercial and industrial customers, school districts and universities.
“Now, by joining forces with Pueblo, we will be able to expand our range of services and access more resources,” said Frankmatz, owner and president of CAHS, who remains in the company and continues to oversee CAHS. Says. “This transaction benefits our customers and provides exciting new opportunities for our employees to move forward in their respective fields.”
The acquisition of CAHS is Pueblo’s second transaction in Texas this summer and the company’s eighth overall transaction. Huron Capital acquired Pueblo in 2017 in partnership with Bueschel to pursue ExecFactor’s buy-and-build strategy in the commercial HVAC and plumbing markets in the Sun Belt region of the United States. ExecFactor combines the CEO’s industry expertise with Huron Capital’s investment experience and commitment capital.
“There is a growing demand for HVAC services, especially across Sunbelt, and Dan’s leadership Pueblo is growing rapidly to meet these needs,” said Scott Hancher, a partner at Huron Capital Partners. I am. “With the addition of Fort Worth-based Infinity Contractor in June and the addition of CAHS this month, Pueblo will soon move to Texas and continue to explore more opportunities in Texas and other southern states. “