HB Global subsidiary buys Montgomery County firm
Harrisburg-based HB Global LLC, the holding company for mechanical services provider H.B. McClure Co., is making another acquisition.
The company today announced that its IT Landes division in Montgomery County has purchased R+R Mechanical Associates of Lansdale, Montgomery County, a small HVAC contractor that specializes in design-build and installation of commercial heating and cooling systems.
Terms of the deal were not disclosed.
R+R, which has less than 10 employees, will give IT Landes more commercial construction capabilities in Bucks and Montgomery counties, HB Global officials said.
"IT Landes looks for strategic acquisitions that will enhance our ability to provide best-in-class service," said Kerrin Musselman, division president for IT Landes. "We believe the addition of R+R Mechanical will assist us in being even more responsive to the service and installation needs of our clients."
With the deal, the IT Landes division now has more than 200 employees.
H.B. McClure and Nash Plumbing and Mechanical, based in Florida, are the other two divisions of HB Global. Collectively, the three divisions made about $140 million in revenue last year, the company said.
Nash was acquired in November. Since 2010, H.B. McClure has made 12 other acquisitions, increasing its presence in Pennsylvania while boosting the value of shares held through the company’s employee stock ownership program, or ESOP.