NMS Capital completed the acquisition of Capstone Mechanical.

NMS Capital, a private equity firm, completed the acquisition of Capstone Mechanical, a commercial HVAC and refrigeration service provider. Financial terms were not disclosed. “The Capstone team has built a truly unique and impressive platform over the past 14 years. The essential services that Capstone provides, combined with the growing demand for high-quality, reliable service providers, align perfectly with our strategic focus within the Commercial HVAC and Refrigeration sub-sector. We believe Capstone’s emphasis on preventative maintenance and its exposure to strong, long-term secular tailwinds will drive sustained growth. NMS is excited to support Capstone’s next chapter—both through organic initiatives and via strategic M&A,” Neal Monga, NMS Principal.