Investment Summary

Good Springs Capital Invests In Kimbel Mechanical Systems

On July 1, 2024, private equity firm Good Springs Capital invested in business services company Kimbel Mechanical Systems

Investment Highlights
  • This is Good Springs Capital’s 1st transaction in the Business Services sector.
  • This is Good Springs Capital’s 1st transaction in the United States.
  • This is Good Springs Capital’s 1st transaction in Arkansas.

Investment Summary

Date 2024-07-01
Target Kimbel Mechanical Systems
Sector Business Services
Investor(s) Good Springs Capital
Deal Type Growth Capital
Advisor(s) Kutak Rock (Legal)

Target

Kimbel Mechanical Systems

Fayetteville, Arkansas, United States
Kimbel Mechanical Systems is a national mechanical contractor that specializes in servicing residential and commercial builders with plumbing, HVAC, and electrical needs. The company focuses on single-family projects such as mid- to large-scale developments and multi-family projects such as military housing, condominiums, hotels, tax credit housing, apartments, student housing, hospitality, and assisted living. Kimbel Mechanical Systems was formed in 1984 and is based in Fayetteville, Arkansas.

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Investor(S) 1

DESCRIPTION

Good Springs Capital is a private equity firm focused on acquiring majority positions in mid-sized industrials and services oriented companies throughout the US. Good Springs looks to commit $50 to $150 million in profitable businesses with $10 to $40 million of EBITDA. The Firm looks to be an active, long-term investor when partnering with target companies. Good Springs Capital was formed in 2023 and is based in New York, New York.


DEAL STATS #
Overall 1 of 2
Sector: Business Services M&A 1 of 1
Type: Growth Capital M&A Deals 1 of 1
State: Arkansas M&A 1 of 1
Country: United States M&A 1 of 2
Year: 2024 M&A 1 of 2
FOLLOWING DEAL
DATE TARGET DEAL TYPE VALUE
2024-10-30 Tectonic

Mountainville, New York, United States

Tectonic is a multi-disciplined engineering firm focused on the transportation, telecommunications, energy, and water infrastructure end markets. The Company's offerings, which include engineering and design, environmental and regulatory permitting, construction management, special inspections and materials testing, and surveying, allow it to support public and private sector clients throughout the project lifecycle. Tectonic was established in 1986 and is based in Mountainville, New York.

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