M&A Deal Summary

NearU Acquires Grogg s

On August 4, 2021, NearU acquired business services company Grogg s

Acquisition Highlights
  • This is NearU’s 7th transaction in the Business Services sector.
  • This is NearU’s 7th transaction in the United States.
  • This is NearU’s 1st transaction in West Virginia.

M&A Deal Summary
Date 2021-08-04
Target Grogg s
Sector Business Services
Buyer(s) NearU
Deal Type Add-on Acquisition

Target

Grogg s

Parkersburg, West Virginia, United States
website
Grogg's is a provider in HVAC, electrical, plumbing, and window services in West Virginia and eastern Ohio. Grogg's serviced thousands of residential and light commercial customers for their home services needs. Grogg's was founded in 1970 and is based in Parkersburg, West Virginia.

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Buyer(S) 1

Buyer

NearU

Charlotte, North Carolina, United States

website

Category Company
Founded 2018
Sector Business Services
DESCRIPTION

NearU is a technology-enabled customer service platform that provides residential and light commercial HVAC services. The company is well-capitalized and seeks to grow aggressively, both organically and by acquiring or partnering with leading HVAC contractors. NearU was formed in 2018 and is based in Charlotte, North Carolina.

DEAL STATS #
Overall 7 of 14
Sector (Business Services) 7 of 13
Type (Add-on Acquisition) 7 of 14
State (West Virginia) 1 of 1
Country (United States) 7 of 14
Year (2021) 5 of 10
PREVIOUS DEAL
DATE TARGET DEAL TYPE VALUE
2021-05-20 Energy Savers

Columbus, Georgia, United States

Energy Savers is a home services provider in heating and air conditioning services in eastern Alabama and western Georgia. Holding true to their values of exceptional customer service, installation, and energy-saving maintenance, Energy Savers has serviced thousands of residential and light commercial customers for their home services needs. Energy Savers was founded in 1977 and is based in Columbus, Georgia.

Buy -
FOLLOWING DEAL
DATE TARGET DEAL TYPE VALUE
2021-09-01 Byrum

Marshville, North Carolina, United States

Byrum is a provider in the heating and air conditioning services in Marshville, Monroe, Mint Hill, Matthews, and surrounding communities of the Charlotte metro and upstate of South Carolina. Byrum was founded in 1996 and is based in Marshville, North Carolina.

Buy -
Mergr

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