South Salt Lake-based Rocky Mountain Mechanical has been acquired by Pueblo Mechanical & Controls, an HVAC and plumbing installation, retrofit and repair services platform based in Phoenix. Pueblo is owned by middle-market private equity firm Huron Capital of Detroit.
Rocky Mountain Mechanical (RMM), founded in 1990, is of one of the largest mechanical contracting companies in Utah and provides plumbing, controls and HVAC installation and retrofit/repair services across Utah.
Dan Bueschel, CEO of Pueblo, said, “The addition of RMM extends our company’s presence into a new geographical market, and allows us to help RMM expand its client base to larger, regional customers while continuing to maintain and grow services with their longtime customers across Utah. We are eager to work with RMM’s experienced management team — especially former owner Chad Heward — whose business values and goals mirror ours.”
“I am immensely proud of the company our team has built over more than three decades here in Utah. But the industry is changing and with it so are our customers’ needs,” said Heward, who will continue as president of the Rocky Mountain division of Pueblo. “By joining forces with Pueblo, we will have access to greater resources that will allow us to provide a broader range of services with larger geographic reach across the entire Rocky Mountain Region.”
The acquisition of RMM is Pueblo’s fourth add-on acquisition in six months and the 10th overall for the company. Huron Capital acquired Pueblo in 2017 in a partnership with Bueschel.
Scott Hauncher, Huron Capital partner, said, “This acquisition positions Pueblo to grow both organically and through additional acquisitions. We acquired Pueblo Mechanical four years ago because we believed demand for HVAC repair and installation services would increase and the sector was ripe for consolidation. Since then, regional population growth, aging infrastructure and increased demand for cooling systems has driven demand for Pueblo’s services and we expect those industry trends will continue in 2022 and beyond.”
