Add-on acquisition Jan 2020 · Arizona, USA Verified
HB Global acquires Arizona commercial HVAC contractor Spectrum Mechanical
HB Global LLC acquired Spectrum Mechanical & Service Contractors of Tempe, Arizona (150 employees, ~$25M 2019 revenue), which becomes its fifth division alongside HB McClure, IT Landes, Nash Plumbing & Mechanical, and North Shore Mechanical Contracting, extending HB Global beyond the East Coast.
“HARRISBURG, Penn. — HB Global LLC has announced that it has acquired Spectrum Mechanical & Service Contractors LLC of Tempe, Arizona. Founded in 1997, Spectrum is a provider of design, installation, maintenance, and service of commercial HVAC systems throughout Arizona. Spectrum comprises 150 employees, and its revenue for 2019 was approximately $25 million.”
Entities
HB Global LLC · Acquirer Spectrum Mechanical & Service Contractors LLC · Target
HVAC
Source: www.achrnews.com
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