Huron Capital’s Pueblo Mechanical & Controls Continues Expansion in Texas with Acquisition

Purchase of Central Air & Heating Service Inc. is Pueblo’s second transaction this summer

DETROIT, Aug 31, 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 Central Air and Heating Service Inc. (“CAHS”), in a transaction that expands the Company’s presence to: South Texas.

Family owned and operated since 1972, Harlingen, TexasCAHS provides schools, businesses and other institutions with the installation, repair and replacement of air conditioning and heating systems in the Rio Grande Valley.

“With the addition of CAHS, we will expand our presence in Texas, which gives us the opportunity to serve the entire state,” said Pueblo CEO, Dan Buechel. “We are delighted to welcome another strong team of industry experts to our growing company.”

Over the past 49 years, CAHS has built many long-standing relationships with commercial and industrial clients, school districts and colleges.

“I am proud of how far our company has come. Now, by joining forces with Pueblo, we will be able to expand our service offering and access more resources,” said CAHS owner and president, Frank Matzo, who will remain with the company and continue to oversee CAHS. “This transaction will benefit our customers and provide our employees with exciting new opportunities to advance in their fields.”

The acquisition of CAHS is the second transaction in Texas this summer for Pueblo and is eighth overall for the company. Huron Capital acquired Pueblo in 2017 in a partnership with Bueschel to pursue an ExecFactor® buy-and-build strategy in the commercial HVAC and plumbing market in the Sun Belt region of the United States. ExecFactor® combines the industry expertise of a CEO with the extensive investment experience and dedicated capital of Huron Capital.

“We continue to see growing demand – especially in the Sun Belt – for HVAC services and Pueblo, with Dan’s leadership, has grown rapidly to meet those needs,” said Huron Capital Partner, Scott Hauncher. “With the addition of Fort Worth-based Infinity Contractors in June and CAHS this month, Pueblo has moved quickly to Texas and will continue to explore a number of additional options there and in other southern states.”

About Huron Capital
Founded in Detroit in 1999, Huron Capital was 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. Huron Capital, an early pioneer of the buy-and-build approach, has successfully established six private equity funds that $2.0 billion in committed capital and invested in more than 220 companies, and our portfolio companies employ more than 11,000 people everywhere North America. Huron Capital’s buy-and-build investment model includes equity recapitalizations, family succession transactions, market entry strategies, company divestitures and management buyouts of companies with a turnover 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 Central Air & Heating Service Inc.
Founded in 1972, Central Air & Heating Service Inc. proudly serves businesses throughout the Rio Grande Valley area with products and services that are unmatched in quality. Those services include HVAC systems for new buildings, renovations and emergency repairs. For more information, visit: https://cahsinc.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 that 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.

Contact:
Brent Snavely, Senior director
Lambert & Co.
(313) 309-9516
[email protected]

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SOURCE Huron Capital Partners

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