Modigent buys Waco HVAC and plumbing firm P&E Mechanical

Modigent acquired P&E Mechanical, a Waco-based HVAC and plumbing provider serving Central Texas, in a deal that closed in the second quarter of 2026. The move expands Modigent’s Texas footprint and adds mission-critical capabilities in education, healthcare, manufacturing and power generation.

Why it matters: - The acquisition gives Modigent a deeper position in Central Texas, a region with growing demand in education, healthcare and manufacturing. - P&E Mechanical adds specialized HVAC and plumbing capabilities in mission-critical facilities where reliability and long-term relationships matter. - The deal fits Modigent’s broader Texas expansion strategy after its entry into Houston through the acquisition of Southland Mechanical.

What happened: - Modigent announced the acquisition of P&E Mechanical, a Waco, Texas-based provider of HVAC and plumbing services. - The transaction closed in the second quarter of 2026. - P&E Mechanical serves education, healthcare, manufacturing and power generation clients across Central Texas. - Modigent framed the deal as part of its national growth strategy.

The details: - P&E Mechanical was founded in 2013 by Paul and Elizabeth Barbieri. - The company grew from a small family operation into a regional HVAC and plumbing provider over 13 years. - P&E Mechanical built its business around employee development, training and safety. - The company says that focus helped create one of Central Texas’ most skilled technical workforces. - McLennan County’s population has grown more than 16% since 2010 and is now estimated at nearly 274,000 residents. - The U.S. heating and air-conditioning industry is projected to reach $159.4 billion in 2026. - P&E Mechanical will keep its leadership team in place after the transaction. - Day-to-day operations and client relationships across Central Texas will continue under current leadership. - Modigent will give P&E Mechanical access to expanded resources, enhanced employee benefits, advanced technology platforms and fleet management capabilities. - P&E Mechanical will also be able to collaborate across Modigent’s network of operating companies. - The combined setup is meant to support larger and more complex projects. - P&E Mechanical has maintained a community-focused culture in Central Texas, with employees supporting teammates, customers and local organizations. - More information is available at the company’s website. - Modigent is headquartered in Phoenix and operates across HVAC, plumbing and controls. - Modigent says its portfolio supports mechanical service, energy optimization, analytics and intelligent building systems.

Between the lines: - The deal suggests Modigent is favoring local operators with established regional relationships over stand-alone expansion. - Keeping P&E Mechanical’s leadership in place signals a strategy centered on continuity, not a rapid culture reset. - Central Texas and the I-35 corridor appear to be key targets because they combine population growth with steady demand from large facility operators.

What's next: - P&E Mechanical is positioned to pursue larger projects with Modigent’s backing. - Employees are expected to gain broader career opportunities through the larger platform. - Modigent appears likely to keep building its Texas footprint through similar acquisitions. - P&E Mechanical will continue serving Central Texas customers under the same leadership team.