Huron Capital in Detroit, a lower middle market private equity firm, has announced its HVAC installation, retrofit, and repair services platform Pueblo Mechanical and Controls in Arizona has acquired Niemeyer Brothers Plumbing, also in Arizona. Financial terms were not disclosed. This is Pueblo’s sixth acquisition.
Founded in 1986, Niemeyer is a full-service provider of commercial plumbing services throughout the greater Phoenix area. Current company president Rick Niemeyer and vice president John Niemeyer will retain their roles within the company to lead and support the plumbing segment of the business.
“The addition of Niemeyer establishes plumbing as an important new service line for Pueblo,” says Dan Bueschel, CEO of Pueblo. “Niemeyer is a proven provider of commercial plumbing services with a dedicated commitment to quality and performance. Rick and John’s project management experience will be instrumental as we continue to pursue strong, steady growth in our business, and we are thrilled that they will lead the plumbing segment of Pueblo.”
Huron Capital partnered with Bueschel to acquire Pueblo in December 2017 and pursue a buy-and-build strategy in the commercial HVAC market in the Southwestern U.S.
“The Niemeyers have set the standard for excellence in superior workmanship and unparalleled customer service throughout the greater Phoenix area over the past 33 years,” says Danielle Lalli, vice president of Huron Capital. “The addition of Niemeyer will provide Dan and his team with resources and expertise that we expect will help Pueblo to continue to grow as we gain new customers and offer more services to existing customers.”
Over the past 20 years, Huron Capital has established six investment funds totaling about $1.8 billion in capital and has completed more than 175 transactions throughout North America. Its portfolio companies have had aggregate annual revenues exceeding $3 billion, 15,000 employees, and operated more than 325 facilities. Huron Capital’s sector focus includes business services, consumer products and services, and specialty industrials.