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M&A Deal Summary

IES Acquires STR Mechanical

On April 27, 2016, IES acquired business services company STR Mechanical

Acquisition Highlights
  • This is IES’s 1st transaction in the Business Services sector.
  • This is IES’s 4th transaction in the United States.
  • This is IES’s 1st transaction in North Carolina.

M&A Deal Summary
Date 2016-04-27
Target STR Mechanical
Sector Business Services
Buyer(s) IES
Deal Type Add-on Acquisition

Target

STR Mechanical

Charlotte, North Carolina, United States
STR Mechanical, Inc. is a provider of commercial and industrial mechanical services, including maintenance, repair, and replacement services, and temperature control system installations.

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Buyer(S) 1

Buyer

IES

Houston, Texas, United States
Category Company
Founded 1997
Sector Business Services
Employees8,028
Revenue 2.9B USD (2024)
DESCRIPTION

IES is a consisted of a group of electrical contractors provides communications, residential, commercial and industrial, and infrastructure solutions to a variety of end markets. IES was founded in 1997 and is based in Houston, Texas.

DEAL STATS #
Overall 4 of 17
Sector (Business Services) 1 of 5
Type (Add-on Acquisition) 4 of 16
State (North Carolina) 1 of 1
Country (United States) 4 of 17
Year (2016) 1 of 2
PREVIOUS DEAL
DATE TARGET DEAL TYPE VALUE
2015-11-20 Shanahan Mechanical & Electrical

Valparaiso, Nebraska, United States

Shanahan Mechanical & Electrical, Inc. is a provider of mechanical and electrical contracting services.

Buy -
FOLLOWING DEAL
DATE TARGET DEAL TYPE VALUE
2016-06-02 Technibus

Canton, Ohio, United States

Technibus, Inc. is a manufacturer of custom engineered bus duct solutions for the power generation, petrochemical, commercial, and industrial markets. Products include metal enclosed, non-segregated bus ducts used to transmit high-voltage electricity and other custom sheet metal products.

Buy $45M
Mergr

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