Spectrum Mechanical & Service Contractors, LLC
was acquired by
HB Global, LLC
CKS Advisors is pleased to announce that Spectrum Mechanical & Service Contractors, LLC has been acquired by HB Global, LLC.
Spectrum Mechanical is a market-leader in HVAC solutions for the design, installation, maintenance, and service of commercial HVAC systems throughout Arizona. Spectrum serves a broad spectrum of clientele, including: commercial/retail spaces, high-rise buildings, student housing, multi-family, high-end condos, healthcare facilities, hospitality, education, automotive industry, and houses of worship. The company has longstanding direct customer relationships with many general contractors, property owners, and managers. CKS Securities served as the exclusive financial advisor to Spectrum Mechanical. Spectrum will become the fifth division of HB Global, broadening HB Global’s offerings beyond the east coast. “We are very pleased to have been able to partner with HB Global. They are a leader in our industry and a great partner. It is truly an honor to see Spectrum become part of the HB Global family. We are also very pleased with our partnership with CKS Advisors who helped us transition our company. The CKS Team guided us through the entire process and made it possible for us to experience the joy of successfully exiting our business. CKS’ guidance and assistance was invaluable.”* said Jeff and Debbie Wheelock, owners of Spectrum Mechanical.
Regarding the transaction, Sal Bauccio, COO of Commercial Operations for HB Global said, “Bringing the Spectrum team onboard allows us to expand our offerings beyond the east coast while also ensuring that our core values remain central to our business and reputation… Spectrum shares our commitment to providing the best service to our customers, and we are pleased to have them join our employee-owner family.”*
Mark Young, Dennis Cornelius, and David Meyers were the key members of the CKS team.
About Spectrum Mechanical
Founded in 1997 by Jeff and Debbie Wheelock, Spectrum Mechanical is a market leader of commercial HVAC system design, installation, maintenance, and service throughout Arizona. With a core group of committed long-term employees, Spectrum Mechanical has grown to become one of the premier HVAC installation and service businesses in Arizona.
About HB Global
HB Global, LLC, headquartered in Harrisburg, PA, is the parent company of HB McClure, IT Landes, Nash Plumbing & Mechanical, and North Shore Mechanical Contracting. Collectively, the employee-owned divisions offer a variety of mechanical services, including HVAC, plumbing, and electrical installation and service for residential, commercial, and industrial clients.
About CKS Advisors
CKS Advisors is a market leading Investment Banking Firm located in Scottsdale, Arizona who has been helping business owners achieve their goals for 30+ years. CKS advises business owners in both selling and buying business as well as capital raising for growth and liquidity purposes. Business owners select CKS because of their dedication to their Client’s success.
For more information, please visit: www.cksadvisors.com