en.Wedoany.com Reported - Truelink Capital, a Los Angeles-based private equity firm, recently announced that it has signed a definitive agreement to make a significant investment in Horwitz, a leading provider of mechanical, electrical, and plumbing (MEP) services for complex commercial and industrial facilities in the Twin Cities area. The financial terms of the transaction were not disclosed.
Founded in 1918 and headquartered in Minneapolis, Minnesota, Horwitz focuses on high-growth private sector end markets such as data centers, medical technology, semiconductor manufacturing, healthcare, and advanced manufacturing. The company employs approximately 720 people, including 540 highly skilled technicians, and participates in over 10,000 service calls annually throughout the lifecycle of its facilities. Horwitz primarily provides HVAC, plumbing, electrical, and building automation solutions, with its core business covering three major segments: service and maintenance, retrofit and upgrade, and new systems, supported by a strong recurring revenue base.
Luke Myers, Co-Founder and Managing Partner of Truelink Capital, stated that the firm plans to drive operational improvements and accelerate growth at Horwitz through strategic investments and an acquisition strategy. Horwitz's differentiated service capabilities, scalable regional platform, and experienced management team make it an ideal partner for building a diversified MEP services business.
Matt Dekkers, CEO of Horwitz, said that the partnership with Truelink Capital marks a new milestone for the company, noting that Truelink shares its vision of expanding platform capabilities and geographic reach. This investment represents the 12th platform investment by Truelink Capital Fund I since its launch in 2022, reflecting the firm's continued focus on the industrial and commercial services sector. The management team led by CEO Matt Dekkers will continue to oversee business operations and retain a significant ownership stake in the company.
William Blair served as financial advisor, and Fredrikson & Byron P.A. acted as legal counsel to Horwitz and Svoboda Capital Partners.
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