HB Global

What HB Global does

HB Global, LLC is the employee-owned (ESOP) parent company formed in 2017 to consolidate a portfolio of specialty mechanical, electrical, and plumbing (MEP) contracting brands across the United States. The company traces its origins to HB McClure, founded in 1914 in Harrisburg, Pennsylvania, which converted to 100 percent employee ownership through an ESOP in 2010. As of the available data, HB Global operates 11 divisions housing 18 operating companies across four verticals (commercial, residential, infrastructure, and real estate services), serving end customers in healthcare, government, hospitality, education, life sciences, correctional facilities, and high-rise commercial real estate. Acquired brand identities (HB McClure, IT Landes, Nash Plumbing and Mechanical, North Shore Mechanical Contractors, Spectrum Mechanical and Plumbing Contractors, The Bell Company, William R. Nash, BBEC, Hyper Networks, and HB Home Services) are retained to preserve local market presence while sharing centralized resources and acquisition capabilities.

The core service offering spans HVAC installation and service, plumbing, electrical work, fuel oil, propane, geothermal, 24-hour emergency response, and design-build mechanical contracting, with notable in-house technical capability in AutoCAD and BIM 3D design and drafting of plumbing and mechanical systems at Nash Plumbing and Mechanical. Revenue is generated through project-based commercial and residential construction, renovation, and ongoing service and maintenance contracts across Pennsylvania, Massachusetts, Arizona, Florida, and New York, with most recent disclosed consolidated revenue of approximately $218 million in 2019, supplemented by division-level revenue figures such as The Bell Company's $80 million in 2020 and Nash Plumbing's roughly $70 million.

HB Global employs more than 1,200 employee owners and uses an ESOP-driven acquisition model in which employees become shareholders after one year and 1,000 hours of service, sharing in annual bonuses tied to division operating profit and long-term ESOP contributions plus a 401(k) grant program. The go-to-market model is decentralized field sales through regional divisions, with cross-divisional collaboration on large programs such as the Redstone Arsenal design-build project, and an active corporate development team executing a continuous acquisition pipeline of specialty contractor owners seeking succession alternatives to private equity.

Name

HB Global

Legal name

HB Global, LLC

Website

https://hb-global.com

Company type

Private

Founded year

2017

Operating status

Operating

Headcount range

1–10 employees

Short description

HB Global is an employee-owned ESOP holding company operating 11 divisions and 18 specialty mechanical, electrical, plumbing, infrastructure, and real estate services brands serving commercial, residential, government, healthcare, and industrial customers across the United States.

Ownership category

akta.pro rank

Product category

Mechanical, Electrical, and Plumbing (MEP) Contracting Services

NAICS

Plumbing, Heating, and Air-Conditioning Contractors (238220)

SIC

General Bldg Contractors - Nonresidential Bldgs (1540)

akta.pro primary industry

HVAC & Refrigeration Contracting (IMAFALAB)

Keywords

• Mechanical contracting services
• Commercial HVAC services
• Plumbing contracting
• Employee-owned ESOP
• MEP infrastructure services

Headquarters

HQ city

Harrisburg

HQ country

United States

HQ region

North America

Offices6 records

Markets served

GTM type

B2B

Offering type

Services

Cost components

Personnel, Operations, Marketing or Sales, Supply Chain, Technology or R&D, Others

Revenue model

1. Mechanical Contracting Services: HB Global generates revenue through 11 divisions providing commercial and residential mechanical, electrical, and plumbing services. Services include HVAC installation and service, plumbing, electrical work, fuel oil, propane, geothermal systems, and 24-hour emergency services. Revenue comes from construction projects, renovation work, and service/maintenance contracts.
2. Real Estate Services: The company recently added real estate services dedicated to building, managing, and servicing real estate properties as a new revenue stream.

Pricing tiers

Go-to-market motion2 records

Distribution channels5 records

Marketing channels6 records

Core offering

HB Global is an employee-owned holding company that delivers mechanical, electrical, and plumbing (MEP) contracting services through 11 divisions and 18 operating companies across the United States. Its divisions provide commercial and residential HVAC installation and service, plumbing, electrical work, fuel oil, propane, geothermal systems, infrastructure construction for telecommunications providers, and real estate building and management services.

Product overview

HB Global is a parent company to 11 divisions in the mechanical, infrastructure, and real estate service industries across the United States, operating as an Employee Stock Ownership Plan (ESOP). The company operates in 4 verticals (commercial, residential, infrastructure, and real estate services) and includes 18 operating companies. HB Global's portfolio includes mechanical contracting brands HB McClure (founded 1914, heating/cooling/electrical/plumbing in Central PA), IT Landes (HVAC in Pennsylvania), Nash Plumbing & Mechanical (commercial plumbing/mechanical in Southeast US), North Shore Mechanical Contractors (specialized plumbing in Massachusetts), Spectrum Mechanical & Plumbing Contractors (HVAC/plumbing in Arizona), and The Bell Company (heavy mechanical/plumbing on East Coast). The company grew from $25 million in 2010 to $218 million in 2019 through acquisitions, with over 1,200 employee owners. HB Global provides employee development through HB University and PAVE training programs.

Differentiator

Problem solved

Functional benefit

Products and services

• HB McClure

Quantifiable outcome

• Revenue grew from $25 million (2010) to $218 million (2019)
• +4 more outcomes

Named customers15 records

Segments6 records

Ideal customer profiles3 records

Technology focussed No

API detail

Has API

No

API docs

API detail

Core technology

AI maturity

App detail

Feature1 record

Scale indicators13 records

Recent moves8 records

Expansion highlights7 records

Direct peers

• Service Logic: Private commercial HVAC, mechanical, and plumbing services platform built through acquisitions. Closely comparable to HB Global in its roll-up strategy of regional MEP service providers across the U.S.
• MYR Group: Specialty contractor focused on electrical construction and infrastructure services for transmission, distribution, and commercial markets. Comparable to HB Global's electrical and infrastructure services exposure via Hyper Networks and BBEC.
• Comfort Systems USA: Largest publicly traded mechanical contractor in the U.S., providing HVAC, plumbing, and piping installation and service across commercial and industrial markets. Closest publicly traded analog to HB Global's decentralized, multi-division MEP contracting model.
• Southland Industries: Large privately held MEP contractor delivering design, fabrication, installation, and service across commercial, industrial, and mission-critical markets. Direct comparable in service breadth and contracting model to HB Global's divisions.
• APi Group: Public safety, specialty, and industrial services platform with substantial HVAC, mechanical, and life safety contracting operations. Highly comparable to HB Global in decentralized, multi-division MEP/specialty services structure.
• Limbach Holdings: Pure-play specialty mechanical contractor focused on HVAC, plumbing, and building controls across commercial, institutional, and mission-critical facilities. Smaller in scale than HB Global but directly comparable in service mix and customer profile.
• IES Holdings: Electrical and mechanical infrastructure services provider operating across data centers, commercial, industrial, and residential markets. Comparable in scale and contracting model to HB Global's diversified MEP divisions.

Broad incumbents

• Quanta Services: Largest infrastructure services provider in North America, with significant utility and telecom construction exposure. Closest large-scale public peer for HB Global's Hyper Networks infrastructure/telecom vertical.
• EMCOR Group: Largest publicly traded mechanical and electrical construction and facilities services provider in the U.S. Offers the same MEP services as HB Global plus broader national facilities management, serving as the dominant incumbent in the same space.
• Burns & McDonnell: 100% employee-owned engineering, architecture, construction, and consulting firm. Closest ESOP-structured peer to HB Global, validating the employee-ownership model at a much larger scale.

Market position

Strengths5 records

Weaknesses5 records

Competitive moat5 records

Key risks6 records

Key highlights7 records

Customer concentration

• Xx.com/intent/post?url=https%3A%2F%2Fhb-global.com%2F&t=HB+Global
• YouTubeyoutube.com/results?search_query=hb-global
• Facebookfacebook.com/sharer.php?u=https%3A%2F%2Fhb-global.com%2F
• LinkedInlinkedin.com/company/hb-global-llc
• Instagraminstagram.com/explore/search/keyword/?q=hb-global

Revenue estimate

Valuation estimate

Number of profiles

Profiles12 records

Subsidiaries10 records

Funding overview

Funding rounds

Investors

Funding detail is available on the Subscription and Enterprise plan.Contact sales →

M&A1 record

Investments

M&A and investment is available on the Subscription and Enterprise plan.Contact sales →

Frequently asked questions about HB Global