Blackford Capital announced the launch of a new HVAC, Electrical and Diversified Services (HEDS) platform, combining its recent acquisitions of Habco Partnership and Moro Corporation to create an integrated and scalable provider of heating, ventilation, air conditioning, and electrical services.
The platform brings together Habco, a national full-service electrical contracting firm, and Moro, a construction services and materials company, both of which were acquired in December 2025 and have now been merged under the Habco name. Andrew Habel, CEO of Habco, will lead the combined organization.
The newly formed platform is designed to address growing demand driven by aging infrastructure and increasing need for energy-efficient solutions across commercial, industrial, and residential markets. Blackford Capital plans to expand the platform through additional acquisitions, aiming to build a broad geographic footprint and diversified service offering.
Founded in 1973 and headquartered in St. Louis, Missouri, Habco provides design-build electrical contracting services and supports clients across the full project lifecycle, leveraging in-house engineering expertise. The company serves sectors including warehousing, senior living, and industrial facilities.
Moro, based in Natick, Massachusetts, offers HVAC, electrical, structural steel, and sheet metal ductwork services across multiple Northeastern states. Its operating businesses, including Apollo Heating, Rondout Electric, and Whaling City Iron Co., will continue to operate under their existing brands.
Support: Legal advisors for the transactions included McGuireWoods for Blackford Capital, Carmody MacDonald for Habco, and Harter Secrest & Emery for Moro.
KEY QUOTES:
“Blackford is excited to launch our new HEDS platform with Habco and Moro, two complementary and market-leading companies, serving as a solid foundation. Aging infrastructure and the need for energy-efficient solutions is driving demand across commercial, industrial, and residential end-markets, and our vision is to build a platform with a wide geographic footprint and diversified service offerings to meet that demand. Our team will continue to look for attractive acquisitions that complement our existing offerings and position the HEDS platform for sustained growth.”
Jeff Johnson, Managing Director, Blackford Capital
“We believe that providing blue-chip customers with a one-stop shop for high-end electrical and construction services will be a competitive advantage and our combined relationships, footprints, and reputations will drive further expansion. I look forward to partnering with the Blackford team and leveraging their deep integration and operational experience as we build the platform.”
Andrew Habel, CEO, Habco
