Reedy Industries Acquires Waco, Texas’ Capstone Mechanical

DEERFIELD, ill., July 12, 2021 /PRNewswire/ — Reedy Industries, a leader in commercial and industrial HVAC, plumbing and building management services, has acquired: Keystone Mechanical from Waco, Texas. With this acquisition, Reedy Industries expands its services footprint in the Texas region, with a focus on meeting the needs of customers in the commercial, industrial, healthcare, education, government and seniors market segments.

Capstone started serving the Texas market in 2005, and focused from day one on delivering responsive, innovative solutions that lead to market-leading customer satisfaction. Capstone is specialized in MEP engineering, mechanical installation, sheet metal working, maintenance, building automation and service work on building systems. These solutions are typically highly complex in nature for both new construction and renovation/renovation projects for occupied facilities, both public and private. Capstone’s deep industry experience and technical expertise have earned the company a reputation as the region’s preferred troubleshooting and troubleshooting mechanical professionals. The company helps customers stabilize maintenance costs, maintain comfort and process conditions, extend equipment life and protect capital investments.

“Reedy and Capstone’s teams are quite similar in nature and culture,” said Rick Tullis, PE, president and co-founder of Capstone. “While we feel we are all best-in-class in our own unique ways, we also complement each other to provide superior solutions to our combined customer base. Reedy has a track record of more than 90 years in the field of mechanical service excellence, while Capstone is a leader in delivering complex design/construction projects.”

“Rick and the entire Capstone team are a great fit with our growing Reedy platform to support regional industry leaders,” said Joe Kirmser, CEO of Reedy Industries. “Capstone has built a differentiated position in Texas and the environment. The combination of the Reedy platform and resources with Capstone’s people and capabilities will create significant value and growth potential for supplier partners, employees and customers. We are delighted to announce Reedy’s presence in the Texas market through our partnerships with Rick and Capstone.”

Capstone is Reedy Industries’ thirteenth acquisition since 2019. Kirmser added, “We don’t hide that we want to add significant growth and expansion through acquisitions. But we are passing on many more opportunities than we are pursuing. There is a special and unique company for us to get to this point. Capstone is checking all the boxes and adding a few more, including a proven lean business model that we will look to extend across the entire Reedy-wide platform. Now that we have established a larger presence in Texas, we will try to add more density in the market through strategic add-on acquisitions.”

With the acquisition complete, Tullis will remain with Capstone in his current role as president and co-founder Stefan LeRow will continue as executive vice president. “I love what I do and I’m looking forward to the future as part of the Reedy family,” says LeRow. “It’s reassuring to know that our team members and customers can benefit from a larger platform for growth and more resources without sacrificing the culture and teamwork that made us who we are. Reedy has a proven history of acquiring businesses and adding value in key areas while preserving the customs and uniqueness of the originally acquired business.”

Reedy Industries serves critical environments in the commercial and industrial market spaces by focusing on HVAC, plumbing and building management services and solutions. Reedy Industries is actively expanding its services within the building envelope through both organic growth and acquisitions. Reedy Industries was founded in 1930 and is headquartered in Deerfield, Illinois, just outside Chicago.

Media contact
Jamie Budy
marketing director, Reedy Industries
10 Parkway North Ste 100, Deerfield, Illinois 60015
[email protected]m
(847) 832-2323

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SOURCE Reedy Industries

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