M&A Deal Summary

NearU Acquires Carolina Power and Generators

On January 14, 2022, NearU acquired electrical equipment company Carolina Power and Generators

Acquisition Highlights
  • This is NearU’s 1st transaction in the Electrical Equipment sector.
  • This is NearU’s 13th transaction in the United States.
  • This is NearU’s 6th transaction in North Carolina.

M&A Deal Summary
Date 2022-01-14
Target Carolina Power and Generators
Sector Electrical Equipment
Buyer(s) NearU
Deal Type Add-on Acquisition

Target

Carolina Power and Generators

Carthage, North Carolina, United States
website
Carolina Power and Generators provides the Sandhills region of North Carolina with generator installation and electrical services. Focused on professionalism and quality of work, Carolina Power services thousands of residential and light commercial customers for their generator and electrical needs.

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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 13 of 14
Sector (Electrical Equipment) 1 of 1
Type (Add-on Acquisition) 13 of 14
State (North Carolina) 6 of 6
Country (United States) 13 of 14
Year (2022) 1 of 2
PREVIOUS DEAL
DATE TARGET DEAL TYPE VALUE
2021-12-21 Robertson Electric

Charlottesville, Virginia, United States

Robertson Electric is a provider of an electrical, plumbing, and HVAC services to residential and light commercial customers for their home services needs. Robertson Electric was founded in 1968 and is based in Charlottesville, Virginia.

Buy -
FOLLOWING DEAL
DATE TARGET DEAL TYPE VALUE
2022-03-10 2nd Wind

Columbia, South Carolina, United States

2nd Wind provides quality HVAC services focused on professionalism and quality of work. 2nd Wind serviced thousands of residential and light commercial customers for their home services needs. 2nd Wind was founded in 1985 and is based in Columbia, South Carolina.

Buy -
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