Pittsburgh-based Huckestein Mechanical Services Inc. has been sold to Service Logic, a portfolio company of Warburg Pincus. Service Logic, which is headquartered in Charlotte, North Carolina, has been acquiring companies since 2004, with a focus on retaining their individual cultures and entrepreneurial spirit.
The specific terms of the transaction were not disclosed.
Service Logic looks to partner with Union and Non-Union HVAC service providers across the U.S. It seeks local HVAC companies with a solid track record of success and long-standing commercial or industrial accounts, according to its website.
The company’s philosophy and approach with its affiliate companies is one that encourages independence and flexibility, backed by the resources and infrastructure of a network of like-minded professionals. Service Logic affiliate companies retain decision-making power and operational control, so that local business owners can continue to serve their clients’ needs directly and effectively.
Huckestein, a mechanical services provider, offers HVAC solutions, including design-build capabilities, comprehensive ongoing maintenance, and repair and replace support to the institutional, commercial, and government markets throughout Pennsylvania, Ohio, West Virginia and Maryland.
Cleveland’s Brown Gibbons Lang & Company’s Environmental & Industrial Services team served as the exclusive financial advisor to Huckestein in the transaction.
Warburg Pincus, a New York PE firm, was established over 50 years ago. The firm has invested more than $81 billion in more than 880 companies in more than 40 countries around the world.
