HB Global, LLC Acquisition Lookbook for Mechanical, Electrical, and Plumbing Contractors

OUR COMPANY STRUCTURE

HB Global is the employee-owned holding (parent) company for two subsidiaries, HB Mechanical Group (commercial/industrial) and HB Home Services (residential). Our subsidiaries and their divisions lead their markets in mechanical, electrical, and plumbing contracting throughout the United States and Caribbean. HB Global collectively employs over 2,200 remarkable team members across the nation.

Who’s A Good Fit?

HVAC, Plumbing, Electrical & Other Specialty Contractors

What we offer...

We are a viable alternative to private equity firms for sellers who are looking for succession planning and exceptional tax benefits.

We offer a collaborative process and flexibility in transaction structure based on the owner’s goals for retirement.

We offer owners a chance to reward their employees for loyalty to their organization with our ESOP structure, ensuring that your employees are taken care of. Your employees become owners.

We offer our support to continue your business’s strategy for growth.

Annual Revenue of $25-150 Million

We are committed to our collective long-term success.

Employee Focused with Similar Values

A message from Bob Whalen our CEO

Long-Standing Brand Equity

Watch this 3-min video to hear more from our CEO and the company leaders who sold to HB Global.

OUR NETWORK OF BRANDS

OUR SUBSIDIARIES

21 Offices in 9 states & the Virgin Islands

Completed work in 25 states, 10 Caribbean Islands, Honduras & Mexico

State Licensed/Authorized in 23 states, D.C, the Caymans, and Virgin Islands

Federally licensed in all states

IN THEiR WORDS

IT Landes is a 4th generation family-run business, founded in 1929. We looked to merge with HB McClure because of their strong reputation as a leading mechanical contractor in the region and because of their employee-owned [ESOP] culture. Mike and I felt this was our best way to transition out of an ownership role and reward our current staff. In addition, HB McClure’s commitment to deliver superior customer service is a perfect fit with our business philosophy and culture.”

Chris Landes, Former Owner, IT Landes

In 2016 after a battle with a stress related illness and 40 years in the construction business I decided it was time to for the next stage in my life. The acquisition of Nash Plumbing & Mechanical by HB Global was a perfect fit for my needs to transition out of the business with what I required for retirement, and give my son and our 200 employees a better future and great benefits. This allowing the Nash legacy to continue for generations to come.”

James “Cliff” Nash, Former Owner, Nash Plumbing and Mechanical, LLC

“After putting in 30 years into building North Shore Mechanical, I was looking for a long-term solution to transition out of having a partnership and still be very involved in in the business I built. I was looking for a third-party that was employee focused and who could not only sustain the company but grow the business. HB Global’s mission, core values, and ESOP was the complete package, and it has been instrumental in the success of our employees and our growth. HB Global leadership’s passion for what they were doing was clear from the first meeting, throughout the process, and proves true today.”

Bradford L. Orsburn Former Owner and Current President, North Shore Mechanical

Our Acquisition History

HB McClure completes its first three acquisitions with CW Fritz from Lemoyne, Pennsylvania; Freedom Propane in Mechanicsburg, Pennsylvania; and Derry Oil Company, based out of Harrisburg, Pennsylvania.

Despite having 100 years of total company history our recent decade has marked our most fruitful years in acquisitional growth.

To ensure the company’s longevity Bob Whalen and CFO Andrew “Andy” Henry transition the business from a private, family-owned business to a 100% Employee Stock Ownership Plan (ESOP). With this, every employee becomes an employeeowner of HB McClure.

HB McClure acquires Feaser Mechanical in Newville, Pennsylvania, and Henry Mechanical in Lancaster, Pennsylvania.

HB McClure acquires Worden and Shewell out of York, Pennsylvania, and Green Mechanical from Mechanicsburg, Pennsylvania.

HB McClure acquires Shelly Oil Company in Elizabethtown, Pennsylvania.

IT Landes & Son, Inc., of Harleysville, Pennsylvania, merges with HB McClure in August. IT Landes is a commercial and residential PHVAC service, installation and fuel oil company.

HB McClure turns 100 years old.

HB McClure acquires Mainhart Mechanical of Dillsburg, Pennsylvania, and the residential service business of REMCO out of Mechanicsburg, Pennsylvania. HB McClure has over 500 employees.

HB Global was created to better support HB McClure and IT Landes as separate operating divisions, and HB Global announces the acquisition of Nash Plumbing and Mechanical, LLC, in November.

23 Successful AcquisitionS Since 2010

HB McClure acquires Air Solutions LLC located in Randallstown, Maryland.

IT Landes acquires Indian Valley Mechanical, LLC from Montgomery County, Pennsylvania.

HB Global, LLC acquires North Shore Mechanical Contractors, LLC, based out of Danvers, Massachusetts.

HB Global acquires The Bell Company, a mechanical & plumbing contracting company from Rochester, NY. The Bell Company has three subsidiaries: Bell BCI Company, Bell Constructors, and John P. Bell & Sons, with operating locations in Charleston, SC, Richmond, VA, and Baltimore, MD.

IT Landes acquires R&R Mechanical from Lansdale, Pennsylvania, and HB McClure acquires BBEC out of Mechanicsburg, Pennsylvania, and Accu-Aire Mechanical Services from Lancaster, Pennsylvania.

HB Global acquires Spectrum Mechanical & Service Contractors LLC, based out of Tempe, AZ.

HB Global acquires William R Nash, based out of Tamarac, FL.

HB Global now employees 1800+ employees in 5 states across 7 divisions.

HB Global creates new subsidiary, HB Mechanical Group, housing all of our commercial brands.

INDUSTRIES SERVED

• Healthcare

• Nuclear

• Pharma / Life Sciences

• Laboratory / R&D

• Correctional

• Government / Military

• Hospitality / Convention

• Higher Education

OUR OFFERINGS

• Commercial & Industrial:

• Manufacturing /Distribution

• Multi-family / Senior living

• Commercial

• Industrial

• Transportation

• Sports & Entertainment

• Marinas

• Educational

Design-Build, Design-Assist, & Planning

• Electrical Design & Installation

• Commercial Service

• Residential Installation & Service

• Budgeting & Cost Analysis

• Project Management & Permitting

• 3-D BIM Coordination

• State-Of-The-Art Offsite Prefabrication

• Mechanical Systems Installation

• Plumbing Systems Installation

• Medical Gas Systems Installation

• Site Utilities

• Specialty Piping Systems Installation

• Waste Water & Water Treatment

• Complete Turn-Key Operations

EMPLOYEE OWNED

As an employee-owned company, we strive to build value to secure a substantial retirement income for our employee owners. Every acquisition is uniquely structured to fulfill their previous owners’ goals and offer a bright future for all team members. Our employee-ownership model makes us a viable and attractive alternative to private equity for your succession planning.

U.S. MEDIAN BALANCE *

$87,725

$140,742 OUR 2022 MEDIAN BALANCE MEDIAN BALANCE AT RETIREMENT 65 YEARS OLD

MEDIAN BALANCE AFTER ONLY 11-12 YEARS IN HB GLOBAL ESOP

OUR MISSION

We empower our employee owners to make this a great place to work and create value.

OUR VISION

OUR ACQUISITION TEAM

WE ARE HERE FOR YOU and YOUR EMPLOYEES.

Choosing an organization that will work with you to ensure success for everyone, including your employees is important. That is why HB Global can proudly stand behind our mission, our vision, and our core values to promise a bright future for you and your employees.