Good Springs Capital acquires Kimbel Mechanical Systems, Inc.
Overview
Good Springs Capital, a private investment firm, was seeking new platform opportunities and in particular expressed an interest in industrial service sectors located in the mid-west. After sharing their acquisition criteria with Valufinder, Valufinder identified Kimbel Mechanical Systems, Inc. as an ideal fit. This led to the successful introduction by Valufinder to Good Springs and the aquisition of Kimbel, a leading national mechanical contractor providing plumbing, HVAC, and electrical services.
Challenges
Several key considerations were involved in the acquisition:
Strategic Growth: Good Springs needed a strong platform company to support future expansion.
Cultural Fit: The target company needed to align with Good Springs’ long-term goals while retaining its established culture and management team.
Solution
Valufinder facilitated the acquisition by:
Target Identification: Through Valufinder’s proprietary search process, Valufinder identified Kimbel Mechanical Systems as an interested seller and subsequently thought they would be an ideal acquisition target for Good Springs due to its strong market position and growth potential.
Confidential Process: Valufinder managed a discreet process, ensuring that both parties’ interests were aligned and maintained confidentiality.
Transaction Facilitation: Valufinder coordinated meetings, information exchange, and negotiations, ensuring a smooth and efficient transaction.
Outcome
Good Springs Capital successfully acquired Kimbel Mechanical Systems, with the company’s management team remaining in place to lead its future growth. This acquisition enables Good Springs to expand further into new markets and service offerings.