Kelso Industries

Kelso Industries

Private
Phoenix, ArizonaReal Estate & PropTechhttps://kelso-industries.com/

Last Round

Private Equity

Apr 9, 2026

Total Funding Raised

$100M

Momentum Score

25 /100

Company Overview

Kelso Industries is a holding company that acquires and partners with market-leading mechanical, electrical, and plumbing (MEP) service providers across the United States. The company's strategy focuses on growth through acquisition, building a national network of brands that provide HVAC, refrigeration, controls, plumbing, and electrical services to commercial, industrial, and institutional clients. By partnering with existing businesses, Kelso aims to provide resources for growth, create new opportunities for employees, and enhance customer relationships while allowing the acquired companies to maintain their local brands and leadership. Founded in 2021, the company is backed by private equity firms including Oxbow Equity Partners, Peterson Partners, and Paceline Equity Partners.

Sector

Real Estate & PropTech

Verticals

Facility Management, Construction Tech, Energy Management, Smart Buildings

Business Model

B2B

Customer Profile

Services & Consulting, Government Contracts

AI Layer

Non-AI

Keywords

MEP servicesmechanical, electrical, plumbingMEPHVAC servicesroll-up strategytrades roll-upbuy-and-buildholding companybusiness acquisitioncommercial HVACMEP contractorrefrigeration servicesbuilding automationprocess pipingequipment maintenancesuccession planning

Historical Pricing

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Caplight Momentum Score

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Kelso Industries Comps

Public and private peers based on sector, stage, and business model.

CompanyStatusEst. ValuationRev Multiple
OpenAIPrivate$86.0B~40x
CoherePrivate$5.0B--
Competitor 1Public$XX.XBXXx
Competitor 2Public$XX.XBXXx

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Kelso Industries Funding Rounds

Historical fundraising activity

RoundDateAmount RaisedValuationInvestorsSources
Private EquityApr 9, 2026
Growth EquityNov 27, 2023

Key People

Founding team and executive leadership

Steve Carroll

CEO And Co-Founder

Founding Team

Mike Doyle

Chief Financial Officer

Executive Team

Adam Nebeker

Chief Operating Officer

Executive Team

Kelso Industries Investors

Notable investors and investment history

InvestorRounds
Oxbow Equity PartnersPrivate Equity, Growth Equity
Peterson PartnersPrivate Equity, Growth Equity
Paceline Equity PartnersPrivate Equity, Growth Equity

Market signals

Structured signals derived from secondary market and firmographic data.

  • Apr 9, 2026

    $50M round raised.

  • Apr 1, 2026

    Kelso Building Services partners with Allied Mechanical and Automated.

Kelso Industries Filings

SEC and related filings with document metadata.

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Kelso Industries Filings

SEC and related filings with document metadata.

Frequently Asked Questions

Common questions about Kelso Industries's valuation, stock price, and market status.

Firmographic Details

HeadquartersPhoenix, Arizona
Employee Range1,227
Year Founded2021
Last FundingApr 9, 2026

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