Huron purchased the Arizona-based company four years ago and has since made 16 follow-on acquisitions to expand the business into the Southwestern United States and Rocky Mountain regions.
The company said Pueblo saw a four-fold increase in revenue and EBITDA during its ownership.
Pueblo provides HVAC and plumbing installation, maintenance, renovation and repair services to customers in end markets including education, municipal, industrial, commercial and healthcare.
Huron Partner Scott Hauncher said, “We acquired Pueblo because we believed demand for HVAC repair and installation services would increase and the industry was ripe for consolidation.
“Since then, regional population growth, aging infrastructure, energy efficiency and sustainability have driven demand for Pueblo’s services.
The sale is Huron’s fourth rig outing in the last twelve months.
Huron has raised nearly $2 billion over the years across six private equity funds. He raised $550 million for Fund V in 2017 and $142 million for his uncontrolled Flex fund a year later.
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