M&A Deal Summary

Bestige Holdings Acquires ICS

On January 1, 2021, private equity firm Bestige Holdings acquired distribution company ICS

Acquisition Highlights
  • This is Bestige Holdings’ 2nd transaction in the Distribution sector.
  • This is Bestige Holdings’ 11th transaction in the United States.
  • This is Bestige Holdings’ 8th transaction in Utah.

M&A Deal Summary
Date 2021-01-01
Target ICS
Sector Distribution
Buyer(s) Bestige Holdings
Deal Type Buyout (LBO, MBO, MBI)

Target

ICS

Sandy, Utah, United States
Intermountain Comfort Supply is a distributor of Napolean-branded fireplace equipment in the Western United States. Headquartered in Sandy, Utah, ICS has been distributing fireplace, heating, and cooling equipment, parts, and other supplies to contractors for the last 15+ years.

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Buyer(S) 1

Buyer

Bestige Holdings

Investor Investor Investor Investor Investor

Category Private Equity Firm
Founded 2016
Size Middle-Market
Type Sector Agnostic
DESCRIPTION

Bestige Holdings is a private investment firm focused on investing in and acquiring 'high-potential' companies. The Firm will consider profitable ($3 to $20 million of EBITDA) businesses throughout North America with $25 to $300 million of revenue. Broad areas of interest include industrials, business services, and consumer services. Prestige Holdings was formed in 2016 and is headquartered in Park City, Utah.

DEAL STATS #
Overall 11 of 12
Sector (Distribution) 2 of 2
Type (Buyout (LBO, MBO, MBI)) 9 of 10
State (Utah) 8 of 9
Country (United States) 11 of 12
Year (2021) 8 of 8
PREVIOUS DEAL
DATE TARGET DEAL TYPE VALUE
2021-01-01 Comfort Construction

Utah, United States

Comfort Construction Services is a Utah-based installer of HVAC and fireplace equipment for multi-family and other new construction projects.

Buy -
FOLLOWING DEAL
DATE TARGET DEAL TYPE VALUE
2022-03-01 Walker Plumbing Heating & Air

Washington, Utah, United States

Walker Plumbing, Heating & Air is a brand for plumbing and HVAV installation and service in the Utah regional market. With a reputation for quality and timely work, Walker is a home services brand in the St. George area.

Buy -
Mergr

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