Truelink Capital acquires MEP services provider Horwitz
The Minneapolis-based contractor, founded in 1918, serves data centers, medtech, and semiconductor fabrication facilities with a 720-person workforce.
Takeaways
- Horwitz is a MEP services provider for complex commercial and industrial facilities.
- The target serves data centers, medtech, semiconductor fabrication, healthcare, advanced manufacturing across Twin Cities, Minnesota.
- Disclosed scale includes 720.
Truelink Capital has acquired Horwitz, a Minneapolis-based mechanical, electrical, and plumbing services provider for complex commercial and industrial facilities, from Svoboda Capital Partners.
Founded in 1918, Horwitz delivers HVAC, plumbing, electrical, and building automation solutions across the Twin Cities and the broader Midwest region, serving data centers, medtech, semiconductor fabrication, healthcare, and advanced manufacturing customers.
The company employs approximately 720 people, including 540 technicians, and handles more than 10,000 engagements annually.
CEO Matt Dekkers and the management team will continue to run the business and retain a substantial ownership position.
The transaction is the 12th platform investment for Truelink Capital’s first fund, which launched in 2022 and concentrates on industrials and business services.
William Blair provided financial advice and Fredrikson & Byron served as legal counsel to Horwitz and Svoboda Capital Partners.
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