DETROIT —Huron Capital announced that its HVAC installation, retrofit, and repair services ExecFactor® platform, Pueblo Mechanical & Controls (“Pueblo”), has acquired Innovative Mechanical Systems (“IMS”). Financial terms of the transaction were not disclosed.
IMS provides HVAC installation, replacement, and preventative maintenance services for commercial clients in the Phoenix area. IMS has a suite of capabilities that will help Pueblo better service its new and existing customers and boost its staff of professional, qualified technicians.
“We believe IMS will be another great addition to the Pueblo family,” said Pueblo CEO Dan Bueschel. “IMS is a proven installer of commercial HVAC systems and has a roster of experienced technicians as well as a strong customer base. We look forward to continuing IMS’ legacy of providing the highest quality services to those clients and offering the benefits of our growing organization to continue to expand customer relationships.”
Huron Capital partnered with Dan Bueschel and acquired Pueblo in December 2017 to pursue an ExecFactor® buy-and-build strategy in the commercial HVAC market in the Southwestern United States. This is the fifth add-on acquisition completed by Pueblo.
“IMS has established itself as a provider of high-quality HVAC systems and services,” said Huron Capital Partner Scott Hauncher. “We are confident that Dan Bueschel and his team will be able to continue providing the high level of service that IMS customers have grown to rely on while enabling Pueblo to continue to accelerate its track record of rapid growth.”