M&A Deal Summary

Service Logic Acquires IES HVAC

On January 11, 2023, Service Logic acquired business services company IES HVAC from DCA Partners

Acquisition Highlights
  • This is Service Logic’s 2nd transaction in the Business Services sector.
  • This is Service Logic’s 2nd transaction in the United States.
  • This is Service Logic’s 1st transaction in California.

M&A Deal Summary

Date 2023-01-11
Target IES HVAC
Sector Business Services
Buyer(s) Service Logic
Sellers(s) DCA Partners
Deal Type Add-on Acquisition

Target

IES HVAC

Sacramento, California, United States
IES HVAC is a full-service mechanical contractor involved in the design, construction, service and maintenance of HVAC and refrigeration systems for commercial and industrial facilities. IES HVAC was founded in 1988 and is based in Sacramento, California.

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Buyer(S) 1

Buyer

Service Logic

Charlotte, North Carolina, United States

Category Company
Founded 1945
Sector Business Services
DESCRIPTION

Service Logic is an independent provider of aftermarket maintenance, repair, and replacement services for commercial HVAC equipment, chilled water systems, and building automation and control systems. Service Logic was formed in 1945 and is based in Denver, Colorado.


DEAL STATS #
Overall 2 of 3
Sector: Business Services M&A 2 of 3
Type: Add-on Acquisition M&A Deals 2 of 3
State: California M&A 1 of 1
Country: United States M&A 2 of 3
Year: 2023 M&A 1 of 1
PREVIOUS DEAL
DATE TARGET DEAL TYPE VALUE
2020-01-29 Huckestein Mechanical Services

Pittsburgh, Pennsylvania, United States

Huckestein Mechanical Services, Inc. is a mechanical services provider offering HVAC solutions. Huckestein Mechanical Services was established in 1978 and is based in Pittsburgh, Pennsylvania.

Buy -
FOLLOWING DEAL
DATE TARGET DEAL TYPE VALUE
2024-12-09 HVAC

Milwaukie, Oregon, United States

HVAC provides a wide range of services, including system design, installation, repairs, maintenance, equipment replacement, building automation, and controls for all markets. HVAC is based in Milwaukie, Oregon,

Buy -

Seller(S) 1

SELLER

DCA Partners

Roseville, California, United States

Investor Investor Investor Investor Investor


Category Merchant Bank
Founded 2001
Size Small
Type Sector Agnostic
DESCRIPTION

DCA Partners is private investment and advisory firm focused on growth-oriented businesses. DCA Capital looks to provide expansion capital to mid-sized businesses in underserved markets across California and the Southwest US. DCA typically targets businesses generating sales of $10 to $100 million and can commit up to $10 million per transaction. Sectors of interest include business and financial services, healthcare (services/IT), manufacturing and distribution, technology, media and publishing, and retail. DCA Partners was formed in 2001 and is headquartered in Roseville, California.


DEAL STATS #
Overall 7 of 9
Sector: Business Services M&A 1 of 1
Type: Add-on Acquisition M&A Deals 5 of 7
State: California M&A 3 of 5
Country: United States M&A 7 of 9
Year: 2023 M&A 1 of 2
PREVIOUS DEAL
DATE TARGET DEAL TYPE VALUE
2022-09-01 Intellibed

Salt Lake City, Utah, United States

Intellibed is a sleep health and wellness company disrupting the sleep surface market using Intellibed to replace the traditional foam mattress. Intellibed is based in Salt Lake City, Utah.

Sell -
FOLLOWING DEAL
DATE TARGET DEAL TYPE VALUE
2023-04-10 Cordant Health Solutions

Indianapolis, Indiana, United States

Cordant Health Solutions is a provider of behavioral healthcare and medication monitoring services, offering laboratory testing and pharmacy services to help clinicians and other stakeholders coordinate and optimize the care of individuals afflicted with substance use disorders, mental health conditions or chronic pain. Cordant Health Solutions was founded in 2012 and is based in Indianapolis, Indiana.

Buy -