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HB Global acquires Arizona HVAC company
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Harrisburg-based HB Global LLC announced it has acquired Spectrum Mechanical & Service Contractors LLC, an HVAC company in Arizona.
Founded in 1997, the Tempe-based company is a provider of design, installation and maintenance of commercial HVAC systems throughout Arizona. It services various businesses and clientele, including commercial and retail spaces, high-rise buildings, student housing and healthcare facilities.
Spectrum consists of 150 employees and had revenues of $25 million in 2019. The purchase price was not disclosed.
Sal Bauccio, HB Global’s COO of commercial operations, said Spectrum will become the fifth division of the Harrisburg-based company, which also includes HB McClure, IT Landes, Nash Plumbing & Mechanical and North Shore Mechanical Contractors LLC and offers mechanical services like HVAC, plumbing and electrical installation. North Shore, based in Massachusetts, was acquired in July by HB Global.
“Bringing the Spectrum team on board allows us to expand our offerings beyond the East Coast while also ensuring that our core values remain central to our business and reputation,” Bauccio said. “Spectrum shares our commitment to providing the best service to our customers, and we are pleased to have them join our employee-owner family.”
