Fort Worth HVAC, plumbing contractor acquired
Huron Capital Partners, a private equity firm in the lower mid-market, announced on July 16 that its HVAC and plumbing installation, retrofit and repair platform, Pueblo Mechanical & Controls, has acquired the Fort Worth-based platform. Infinity Contractors, a transaction that will give the company a strong and growing presence in Texas.
Founded in 1994, Infinity has developed many long-term strategic partnerships with customers, subcontractors and suppliers in Fort Worth, Dallas and other key markets in the state. Led by father and son Jim Salter and JB Salter, Infinity has achieved deep-rooted success by building customer-centric relationships and cultivating an exceptional culture for its employees, according to a press release.
Infinity, like Pueblo, is a provider of HVAC and plumbing installation, replacement and preventive maintenance for commercial customers. The financial terms of the transaction have not been disclosed.
“Our leadership team is excited to partner with Infinity as we expand into the Texas market. Infinity adds meaningful scale and resources to help accelerate our next growth phase,” said Pueblo CEO, Dan Bueschel. “Jim and JB have built a great company with a strong culture, experienced engineers and a dedicated commitment to customers. We are confident that we can build on these efforts as we work together to drive growth into the future.”
Pueblo has completed seven acquisitions since Huron Capital partnered with Bueschel in 2017 to acquire Pueblo and pursue an ExecFactor buy-and-build strategy in the commercial HVAC and plumbing market in the Sun Belt region of the United States.
“There is a strong alignment of culture and pride in work between Pueblo and Infinity,” said Huron Capital Partner, Scott Hauncher. “With its solid reputation, experience and resources, Infinity is well positioned to be a platform for meaningful growth across the region.”