A private equity fund that acquires businesses through traditional PE structures, with every investment underwritten to exit into an ESOP — combining institutional returns with broad-based employee ownership.

A permanent ESOP holding company built to acquire and own construction businesses for the long term. No fund timeline, no forced exit — we hold, support, and grow employee-owned companies indefinitely.

Every transaction is built around the seller's goals. Every outcome is a win for employees.

HB Capital is the private equity asset management division HB Global, a mechanical contractor that has successfully integrated 23 acquisitions since 2010. Our mission is to promote employee ownership by facilitating the sale of equity from the current owner(s) to existing management teams and other employees while consistently outperforming average private equity market returns.