We are tracking Truelink Capital's platform acquisition of Horwitz, a Minneapolis MEP services provider founded in 1918, announced June 15, 2026, with the deal close confirmed separately on July 1, 2026. Both dates fall inside our window.
Deal value undisclosed. This is Truelink's twelfth platform investment under Fund I, a 2022 vintage, correcting earlier secondary coverage that wrongly framed it as a Fund II debut.
Seller Svoboda Capital Partners exits a platform position; William Blair advised the seller and Fredrikson and Byron served as legal counsel.
Horwitz delivers HVAC, plumbing, electrical, and building automation for data centers, semiconductor fabs, healthcare, pharma, and government facilities, and CEO Matt Dekkers keeps a significant equity stake.
Our data indicates Truelink intends add-on growth across HVAC specialists, electrical controls, and energy management. The stronger thread here is sponsor rotation, one private equity owner passing a mature, century-old asset over to a new sponsor.