GOOD SPRINGS CAPITAL ANNOUNCES INVESTMENT IN KIMBEL MECHANICAL SYSTEMS
Summary
NEW YORK, July 1, 2024 /PRNewswire/ -- Good Springs Capital LP ("Good Springs"), a private investment firm focused on partnering with founders, families, and entrepreneurial management teams in the industrial and services sectors, today announced that entities managed by it have completed an investment in Kimbel Mechanical Systems, Inc. ("Kimbel" or "the Company"), a leading mechanical contractor. The Company exemplifies what Good Springs seeks in potential investments: an established business led by an experienced, driven, and talented management team operating in a large, essential market. Their experience, values, capital, and model of working with entrepreneurial companies such as ours should allow us to pursue our objectives of maintaining our unique culture, providing high quality service to our customers, accelerating growth, and expanding future opportunities for our team. We look forward to supporting the Kimbel team as it continues to execute the strategy that has led to its past successes and assisting the Company as it pursues a complementary and focused acquisition plan. Kutak Rock LLP acted as legal counsel to Kimbel.Founded in 1984 in Ohio and re-established in Northwest Arkansas in 1993, Kimbel is a leading national mechanical contractor that specializes in servicing residential and commercial builders with plumbing, HVAC, and electrical needs.