Good Springs Capital Invests in Kimbel Mechanical Systems

Kimbel Mechanical Systems (Good Springs Capital) Acquires Gibson Plumbing Company

May 27, 2025

HVAC & Mechanical

Kimbel Mechanical Systems, a Good Springs Capital portfolio company, has acquired Gibson Plumbing Company, a San Antonio-based residential plumbing contractor. The acquisition expands Kimbel's footprint into San Antonio, Dallas, Houston, and Austin, supporting the platform's geographic growth across Texas.

Good Springs Capital Invests in Falasca Mechanical

October 27, 2025

HVAC & Mechanical

Entities managed by Good Springs Capital have completed a growth investment in Falasca Mechanical, a Vineland, New Jersey-based provider of HVAC, mechanical and plumbing services to education, healthcare and commercial & industrial end markets. The Falasca family and senior management will remain in place; Good Springs said the capital will support a third-generation succession, organic growth and pursuit of strategic add-on acquisitions.

Gemspring Capital Acquires AMPAM Parks Mechanical

October 4, 2023

HVAC & Mechanical

Gemspring Capital Management affiliate has acquired a majority interest in AMPAM Parks Mechanical, a Carson, California–based design-build plumbing provider serving the multifamily residential market. The founders will retain significant ownership and Gemspring plans to support geographic expansion, cross-selling of additional trade services, and M&A-driven growth to expand AMPAM's footprint and capabilities.

Good Springs Capital Invests in Tectonic Engineering

October 30, 2024

Engineering Services

Entities managed by Good Springs Capital have completed a control investment in Tectonic Engineering Consultants, Geologists & Land Surveyors, D.P.C., a Mountainville, New York‑headquartered multi‑disciplined engineering firm with over 500 employees. Tectonic's founders/management will remain significant owners and will continue to operate the business while Good Springs supports accelerated growth, geographic expansion and strategic add-on acquisitions.

Limbach Holdings Acquires Kent Island Mechanical

September 3, 2024

Construction

Limbach Holdings, Inc. (Nasdaq: LMB) has acquired Kent Island Mechanical, LLC (KIM) for an initial purchase price of $15 million, with up to $5 million in performance-based earn-outs. The acquisition expands Limbach's mechanical/HVAC and plumbing capabilities and Mid-Atlantic footprint, and KIM is expected to contribute about $30 million in revenue and over $4 million in EBITDA annually beginning in 2025. Founder Mark Bowen retired at closing and some KIM leadership (including Director of Operations Kyle Benjamin) will join Limbach's Mid-Atlantic leadership team.

AMPAM Parks Mechanical Acquires Multi Mechanical, Inc.

November 28, 2023

HVAC & Mechanical

AMPAM Parks Mechanical, a Gemspring Capital portfolio company, has acquired Multi Mechanical, Inc., an HVAC services provider focused on the multifamily market in Southern California. The deal expands AMPAM’s service offering by adding HVAC installation and servicing capabilities to its existing design‑build plumbing platform; founding members of Multi Mechanical will continue to lead the HVAC business under AMPAM.