M&A Deal Summary

Empowered Ventures Acquires Benoure Plumbing Heating & Air Conditioning

On April 2, 2024, Empowered Ventures acquired business services company Benoure Plumbing Heating & Air Conditioning

Acquisition Highlights
  • This is Empowered Ventures’ 1st transaction in the Business Services sector.
  • This is Empowered Ventures’ 3rd transaction in the United States.
  • This is Empowered Ventures’ 1st transaction in Vermont.

M&A Deal Summary
Date 2024-04-02
Target Benoure Plumbing Heating & Air Conditioning
Sector Business Services
Buyer(s) Empowered Ventures
Deal Type Add-on Acquisition

Target

Benoure Plumbing Heating & Air Conditioning

Burlington, Vermont, United States
Benoure Plumbing, Heating & Air Conditioning is a mechanical contractor with areas of expertise in commercial and residential construction, design-build, and energy-efficient systems. Benoure Plumbing, Heating & Air Conditioning was founded in 1966 and is based in Burlington, Vermont.

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Buyer(S) 1

Buyer

Empowered Ventures

Carmel, Indiana, United States
Category Company
Founded 2020
Sector Business Services
DESCRIPTION

Founded in 2020 by leading fabric supplier TVF, which transitioned to an Employee Stock Ownership Plan (ESOP) in 2010, Empowered Ventures is an employee-owned holding company based in Carmel, IN. Empowered Ventures helps successful small businesses plan for succession, providing a long-term home for companies and employees. Empowered Ventures is not a fund and has no outside investors. The company uses its own capital to fund acquisitions and has a do-no-harm approach to supporting operating management.

DEAL STATS #
Overall 3 of 3
Sector (Business Services) 1 of 1
Type (Add-on Acquisition) 3 of 3
State (Vermont) 1 of 1
Country (United States) 3 of 3
Year (2024) 1 of 1
PREVIOUS DEAL
DATE TARGET DEAL TYPE VALUE
2021-12-13 Paramount Plastics

Elkhart, Indiana, United States

Paramount Plastics is a custom plastics thermoforming company that serves the recreational vehicle, marine, and specialty vehicle industries. Paramount Plastics was founded in 1982 and is based in Elkhart, Indiana.

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