Lionshield Completes Acquisition of MJ Mechanical, Expanding Its Market Reach In Texas

Date: Feb 9th, 2024

Austin, Texas - Lionshield, a long-term holding company, is excited to announce the inaugural launch of its committed capital fund with the strategic acquisition of MJ Mechanical, a foremost commercial plumbing contractor in central and north Texas. This acquisition marks a significant milestone in Lionshield's growth, showcasing the effective deployment of its newly established fund aimed at nurturing and expanding family-owned businesses across North America. Terms of the transaction were not disclosed.

Chad Anselmo, Managing Partner of Lionshield, expressed his enthusiasm about the acquisition. "We are thrilled to welcome MJ Mechanical into the Lionshield family. This acquisition strategically expands our market presence, particularly in Austin, Dallas, and San Antonio, and enhances our service offerings," Mr. Anselmo added, "MJ Mechanical's outstanding reputation and commitment to quality perfectly align with our core values and long-term objectives, strengthening our foothold in the Texas market."

MJ Mechanical, under the stewardship of its owner, Mike Harkins, has established itself as a key player in the commercial plumbing sector.

This acquisition not only signifies Lionshield's commitment to growth and innovation but also ensures that MJ Mechanical's legacy of quality service and customer satisfaction continues under the expanded leadership. The integration of both companies' strengths and capabilities is expected to result in increased efficiency, enhanced service offerings, and greater market reach.

About Lionshield:

Lionshield, a long-term holding company, specializes in nurturing North American family-owned businesses. It builds lasting partnerships with management teams, focusing on maintaining each company's legacy. Committed to never selling, Lionshield, led by seasoned entrepreneurs, aims for sustainable growth of its portfolio companies. This strategy, driven by deep involvement and expertise, is designed to generate superior returns for stakeholders. More information is available at www.lionshield.com.

About MJ Mechanical:

Founded in 2002 by Mike Harkins in Austin, Texas, MJ Mechanical has grown into a leading commercial plumbing contractor for new construction and renovation projects across central and north Texas. MJ Mechanical operates primarily in Austin, Dallas, and San Antonio, serving a diverse customer base in various industries, including commercial properties, healthcare facilities, military and educational institutions. More information is available at www.mjmechtx.com.