Written on: January 9, 2020 by ICM
Harrisburg, PA-based HB Global LLC announced it has acquired Spectrum Mechanical & Service Contractors LLC, an HVAC company in Tempe, Arizona.
Terms of the deal were not revealed. Founded in 1997, Spectrum provides design, installation, maintenance and service of commercial HVAC systems throughout Arizona for a broad spectrum of clientele. Spectrum has 150 employees and revenue of approximately $25 million in 2019. Spectrum will become the fifth division of HB Global, which also includes HB McClure, IT Landes, Nash Plumbing & Mechanical and North Shore Mechanical Contracting.
“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,” said Sal Bauccio, COO of Commercial Operations for HB Global. “Spectrum shares our commitment to providing the best service to our customers, and we are pleased to have them join our employee-owner family.”