New State completed the acquisition of a majority stake in Harrell-Fish.

New State, a private investment firm, completed the acquisition of a majority stake in Harrell-Fish, a full-service mechanical contractor. Financial terms were not disclosed. "HFI is an established regional leader serving critical end markets, with a strong foundation for growth. We have executed a similar playbook in prior facility services investments and look forward to collaborating with the management team to drive continued success. We also are excited about the M&A opportunities in this sector and look forward to accelerating growth both organically and via strategic acquisitions," Shaun Vasavada, New State Capital Partners Senior Principal.