Good Springs Capital LP, a private investment firm focused on partnering with founders, families, and entrepreneurial management teams in the industrial and services sectors announced that entities managed by it have completed an investment in Kimbel Mechanical Systems, a leading mechanical contractor.
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Headquartered in Fayetteville, Arkansas, Kimbel has more than 650 employees and operates in 11 states throughout the South, Midwest, and Mountain West regions of the United States. Kimbel services a diverse customer base of leading single-family homebuilders and multi-family residential project developers and is one of the few businesses in its markets that provides a tri-service offering that includes plumbing, HVAC, and electrical installation services.
David Van Geyzel, Managing Partner of Good Springs, stated, “We are excited to partner with Rob Kimbel, David Kimbel, and their dedicated team. Kimbel has an impressive history of organic growth and is one of the largest companies in its field. The Company exemplifies what Good Springs seeks in potential investments: an established business led by an experienced, driven, and talented management team operating in a large, essential market. We believe the Company has numerous opportunities to grow through existing initiatives as well as the application of the Good Springs Growth System.”
Good Springs Capital is a private investment firm established in 2023 by the experienced team that founded and built Alleghany Capital, the private investment arm of Alleghany Corporation. Good Springs Capital approaches opportunities with a long-term mindset and builds deep partnerships with talented management teams.
“I would like to thank all the Kimbel employees for their hard work and dedication in helping build the Company,” said Rob Kimbel, Chief Executive Officer of the Company. “Kimbel has come a long way since my father, Miles, founded the business in 1984, and we are excited about partnering with the team at Good Springs to pursue our next stage of growth and expansion. Their experience, values, capital, and model of working with entrepreneurial companies such as ours should allow us to pursue our objectives of maintaining our unique culture, providing high quality service to our customers, accelerating growth, and expanding future opportunities for our team.”
About Kimbel Mechanical Systems
Kimbel Mechanical Systems was established in 1984 in Ohio and was re-established in Northwest Arkansas in 1993. Kimbel specializes in servicing residential and commercial builders with plumbing, HVAC, and electrical needs. Projects include single-family projects such as mid to large-scale developments and multi-family projects such as military housing, condominiums, hotels, tax credit housing, apartments, student housing, hospitality, and assisted living. By creating an incredible team of over 550+ employees, Kimbel has grown to be a premier mechanical contractor servicing the nation.
