Kimbel Mechanical Systems, Inc., a Fayetteville, AR-based mechanical contractor, received an investment from Good Spring Capital.
The amount of the deal was not disclosed.
The company intends to use the funds to expand operations and its development efforts.
Led by CEO Rob Kimbel, Kimbel is a national mechanical contractor that specializes in servicing residential and commercial builders with plumbing, HVAC, and electrical needs. It 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. With a team of over 650 employees, including over 400 tradespeople, Kimbel has grown to be a player in mechanical contractor markets.
Commenting on the news, Rob Kimbel said: “Kimbel has come a long way since my father, Miles, founded the business in 1984, and we are excited about partnering with the team at Good Springs to pursue our next stage of growth and expansion. 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.”
FinSMEs
01/07/2024