Truelink Capital has agreed to invest in Horwitz, a provider of mechanical, electrical and plumbing (MEP) services across the Minneapolis region.
Matt Dekkers and the existing management team will continue to lead the business and retain a significant ownership stake. Founded in 1918 and headquartered in Minneapolis, Horwitz provides HVAC, plumbing, electrical and building automation services to commercial and industrial facilities throughout the Twin Cities and broader Midwest region. The company operates across three core service lines—service and maintenance, retrofit and upgrade projects, and new system installations—and serves end markets including data centers, healthcare, medtech, semiconductor fabrication and advanced manufacturing. Horwitz employs approximately 720 people, including 540 technicians, and supports more than 10,000 customer engagements annually through a recurring revenue-focused business model.
William Blair served as financial advisor, while Fredrikson & Byron acted as legal counsel to Horwitz and Svoboda Capital Partners, which previously backed Horwitz.