Huron Capital’s Pueblo Mechanical & Controls Expands Footprint with Texas Acquisition | Business
DETROIT, July 15, 2021 /PRNewswire/ — Leading lower mid-market private equity firm Huron Capital Partners (“Huron Capital”) today announced that its HVAC and plumbing installation, retrofit and repair platform, Pueblo Mechanical & Operation (“Pueblo”), has acquired Infinity Contractors (“Infinity”), a transaction that will give the company a strong and growing presence in Texas.
Founded in 1994, Infinity is located in Fort Worth, Texas – an urban area of over 7.5 million people. Over the past 27 years, 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.
Infinity, like Pueblo, is a provider of HVAC and plumbing installation, replacement and preventive maintenance to 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.”
About Huron Capital
Founded in Detroit in 1999, Huron Capital is an operationally focused private equity platform with a long history of growing lower mid-market companies through our proprietary ExecFactor® buy-and-build investment model. We prefer complex situations where we can help companies achieve their full potential by combining our operational approach, substantial capital base and transaction experience with experienced operational executives. An early pioneer of the buy-and-build approach, Huron Capital has successfully established six private equity funds with a total of nearly $2.0 billion in committed capital and invested in more than 220 companies, and our portfolio companies have employs more than 11,000 people across North America. Huron Capital’s buy-and-build investment model includes equity recapitalizations, family succession transactions, market entry strategies, spin-offs and management buyouts of companies with revenues of up to $200 million. Huron Capital focuses on both controlling and uncontrollable equity interests in fundamentally sound companies that can benefit from the company’s operational approach to value creation. Huron Capital focuses on niche segments within the commercial & industrial services, professional services and consumer services sectors. For more information, visit: www.huroncapital.com.
About Pueblo Mechanical & Operation
Pueblo Mechanical & Controls provides a wide range of HVAC and plumbing maintenance, replacement, retrofit, repair and installation services for commercial facilities, school districts, government agencies and municipalities throughout Arizona. The company was founded in 2001 with a focus on providing the highest quality execution and customer service. Pueblo has a history of more than 20 years of consistently performing work while demonstrating honesty, dedication and integrity, resulting in strong, long-lasting customer relationships. For more information, visit: www.pueblo-mechanical.com.
About Infinity Contractors
Infinity is a premier full-service mechanical contractor serving Fort Worth, Dallas and surrounding areas in Texas. For nearly 30 years, Infinity has been providing high-quality HVAC and plumbing solutions and services to its broad customer base, including mechanical systems installation, maintenance, plumbing, process and industrial piping, fabrication and more. Infinity has core end-market experience in education, government, industrial and commercial facilities. For more information, visit: www.infinitycontractors.com.
Certain information herein may contain forward-looking statements that are provided to help the reader understand the beliefs and opinions regarding future opportunities as perceived by Huron Capital and others quoted herein. These statements are not guarantees of future performance and should not be undone. Such forward-looking statements necessarily involve known and unknown risks and uncertainties, which could cause actual performance in future periods to differ materially from the projections or results expressed or implied by such forward-looking statements. There can be no assurance that forward-looking statements will prove to be accurate, as actual results and future events could differ materially from the expectations contained in such statements. The publisher of these statements assumes no obligation to update any forward-looking statements if circumstances or estimates or opinions should change, except as required by applicable securities laws.
Brent Snavely, Senior Director
Lambert & Co.
SOURCE Huron Capital
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