Newgaard Mechanical

was acquired by

Pueblo Mechanical and Controls

CKS Securities is pleased to announce that Newgaard Mechanical, Inc. (“Newgaard Mechanical”) has been acquired by Pueblo Mechanical and Controls, LLC (“Pueblo”) and their financial sponsor Huron Capital. Newgaard Mechanical is an HVAC service business based in Chandler, Arizona, specializing in commercial HVAC tenant improvements, industrial HVAC systems, plumbing systems, as well as maintenance of HVAC equipment. CKS Securities served as the exclusive financial advisor to Newgaard Mechanical. Pueblo will continue to operate Newgaard Mechanical as a division of Pueblo, adding services to Pueblo’s primary lines of business. “We are very pleased to have been able to partner with Pueblo since they are one of the industry’s leading providers of comprehensive HVAC services. It is truly an honor to see Newgaard Mechanical become part of the Pueblo family. We were also very pleased with our partnership with CKS Advisors. The CKS Team did an excellent job representing us during the whole process and made it possible for us to experience the joy of exiting our business successfully. Their guidance and assistance from start to finish was invaluable and made all the difference in experiencing a positive outcome.” said Dave Newgaard, founder and majority owner of Newgaard Mechanical.

Mark Young, Dennis Cornelius, and David Meyers were the key members of the CKS team.

About Newgaard Mechanical

Founded in 1999 by Dave Newgaard, Jeri Newgaard and Steve Dyal, Newgaard Mechanical Inc. is an experienced provider of HVAC system solutions and services including mechanical system installation, maintenance, fabrication, controls, plumbing, piping, and sheet metal. Newgaard Mechanical offers their customers industry leading levels of HVAC and Plumbing design, build, project management, and service.  

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About Pueblo Mechanical and Controls

Pueblo Mechanical & Controls performs a broad offering of HVAC maintenance, replacement, retrofit, repair, and installation services for commercial facilities, school districts, governmental agencies, and municipalities. The company was founded in 2001 with a focus on delivering the highest quality execution and customer service.  Pueblo has an over 15-year history of consistently performing work while demonstrating honesty, dedication and integrity, resulting in strong, long-lasting customer relationships.

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About Huron Capital

Based in Detroit, Huron Capital is an operationally-focused private equity firm with a long history of growing lower middle-market companies through our proprietary ExecFactor® buy-and-build investment model. We prefer complex situations where we can help companies reach their full potential by combining our operational approach, substantial capital base, and transaction experience with seasoned operating executives. Celebrating its twentieth anniversary in 2019, Huron Capital has raised over $1.8 billion in capital through six committed private equity funds and invested in over 150 companies, and our portfolio companies have employed over 11,000 people throughout North America. The Huron Capital buy-and-build investment model includes equity recapitalizations, family succession transactions, market-entry strategies, corporate carve-outs, and management buyouts of companies having revenues up to $200 million. Huron Capital targets both control and non-control equity stakes in fundamentally-sound companies that can benefit from the firm’s operational approach to creating value. Huron Capital’s sector focus includes business services, consumer products & services and specialty industrials. 

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About CKS Securities

CKS Securities is an Investment Banking Firm located in Scottsdale, Arizona comprised of professionals who have been helping business owners in multiple industries for three decades.  Their results driven culture is underscored by a hands-on approach, helping their clients achieve successful transactions. CKS represents and advises both sellers and buyers through the transaction process. CKS’ professionals structure, negotiate and collaborate with their client’s ownership team to achieve its goals. CKS Securities is FINRA registered and is a subsidiary of CKS Advisors.

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