New State Capital Partners Completes Majority Investment in Harrell-Fish Inc.
December 9, 2025
New State Capital Partners has completed a majority investment in Harrell-Fish Inc., a Bloomington, Indiana-based mechanical contractor, in partnership with Amethyst Capital Group. The existing owners retained significant equity and will remain with the company as New State positions HFI as a platform for organic growth and add-on acquisitions to expand geographically across the Midwest and beyond.
- Buyers
- New State Capital Partners, Amethyst Capital Group, LLC
- Targets
- Harrell-Fish Inc.
- Sellers
- Existing owners
- Industry
- Construction
- Location
- Indiana, United States
- Transaction Type
- Buyout
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