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Kelso Industries
Work Here?
Consolidated HVAC, mechanical, and plumbing services
Kelso Industries
Work Here?
Consolidated HVAC, mechanical, and plumbing services
Overview
Kelso Industries is a holding group that brings together market-leading HVAC, mechanical, and plumbing companies serving commercial and residential properties in the western United States. It partners with established brands, providing resources to expand service offerings while preserving each brand’s identity and entrepreneurial spirit. The company acquires and invests in strong HVAC, sheet metal, pipefitting, plumbing, and controls businesses west of the Mississippi to deliver comprehensive services for property owners, builders, and developers. Its model focuses on growing the network through acquisitions, supporting employees’ development, and leveraging a larger organization to ensure customer service excellence. Goal: expand regional service capabilities and reach by integrating high-quality service providers under a common umbrella while maintaining the distinct strengths and cultures of its partner brands.
About Kelso Industries
Industries
Consulting
Venture Capital
Industrial & Manufacturing
Company Size
1,001-5,000
Company Stage
Growth Equity (Non-Venture Capital)
Total Funding
$50M
Headquarters
Phoenix, Arizona
Founded
2021
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Simplify's Take
What believers are saying
- Paceline's $50 million investment explicitly funds more complementary acquisitions across 2024-2026.
- Kelso bought United Services in June 2026, expanding its Southeast footprint.
- August 2026 acquisitions in Alabama, Wyoming, and Washington broaden industrial and infrastructure capabilities.
What critics are saying
- Rapid rollups since Paceline's 2023 $50 million check strain integration and systems.
- Heavy deal dependence risks a slowdown if sellers dry up or financing tightens in 2026.
- If local-identity preservation fails, Kelso loses talent, customers, and the platform's entire thesis.
What makes Kelso Industries unique
- Kelso keeps acquired brands local, as with Wallace Electric and Gaddy Electric in 2024-2026.
- It combines HVAC, electrical, plumbing, and controls into one national MEP platform.
- The model targets established family firms west of the Mississippi and now Southeast markets.
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Funding
Total Funding
$50M
Above
Industry Average
Funded Over
1 Rounds
Benefits
Health Insurance
Dental Insurance
Vision Insurance
Life Insurance
Disability Insurance
Paid Holidays
Paid Vacation
401(k) Retirement Plan
401(k) Company Match
Hybrid Work Options
Training Programs
Growth & Insights and Company News
6 month growth
↑ 23%1 year growth
↑ 23%2 year growth
↑ 23%Honigman represents Kelso Industries in acquisition of Gaddy Electric & Plumbing Company. Announcement Sep 4, 2026 Honigman recently represented Kelso Industries, a provider of mechanical, electrical, plumbing, and related building services, in connection with its acquisition of Gaddy Electric & Plumbing Company, a Demopolis, Alabama-based provider of electrical and plumbing services. Founded nearly 70 years ago, Gaddy Electric & Plumbing Company is a multi-generational family business. A Honigman deal team led by Corporate Partners Evan Leibhan, Alexander Whang, and Michael Rhoad with support from Associates Lea Glenn and Kelly Lewis advised Kelso on the transaction.
Woodbridge International announced the sale of its clients, YES LLC, an electrical contractor, and ENETK LLC, an automation company, to Kelso Industries. Both companies are based in North Dakota and serve industries like oil, natural gas, and refining. Kelso Industries, located in Phoenix, Arizona, specializes in MEP+ solutions. Woodbridge International is known for its innovative global marketing approach in the mergers and acquisitions sector.
DELRAY BEACH, Fla., March 18, 2024-(BUSINESS WIRE)-Anchor Peabody is pleased to announce that it has represented Wallace Electric Co. ("Wallace Electric"), a leading commercial electrical contractor, in its new partnership with Kelso Industries, a collection of market-leading companies providing commercial HVAC, mechanical, refrigeration, electrical, industrial and plumbing services.
An affiliate of Paceline Equity Partners, LLC (“Paceline”), a Dallas-based private equity manager, today announced that it has provided a $50 million
Phoenix-based Kelso Industries gets $50M investment from Paceline Equity Partners.
Kelso Industries is Hiring for 144 Jobs on Simplify!
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About Kelso Industries
Industries
Consulting
Venture Capital
Industrial & Manufacturing
Company Size
1,001-5,000
Company Stage
Growth Equity (Non-Venture Capital)
Total Funding
$50M
Headquarters
Phoenix, Arizona
Founded
2021
Kelso Industries is Hiring for 144 Jobs on Simplify!
Find jobs on Simplify and start your career today