M&A Deal Summary

IES Acquires Stratos Elevator

On August 9, 2024, IES acquired consumer services company Stratos Elevator

Acquisition Highlights
  • This is IES’s 1st transaction in the Consumer Services sector.
  • This is IES’s 1st transaction in the United States.
  • This is IES’s 1st transaction in Louisiana.

M&A Deal Summary
Date 2024-08-09
Target Stratos Elevator
Sector Consumer Services
Buyer(s) IES
Deal Type Add-on Acquisition

Target

Stratos Elevator

Baton Rouge, Louisiana, United States
Stratos Elevator is a provider of elevator installation and maintenance services. Stratos Elevator was formed in 1989 and is based in Baton Rouge, Louisiana.

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Buyer(S) 1

Buyer

IES

Beaumont, Texas, United States
Category Company
Founded 2020
Sector Consumer Services
DESCRIPTION

IES is an independent provider of commercial elevator installations, modernizations, maintenance, and repair services in Texas and Louisiana. IES provides high-quality elevator services with industry-leading responsiveness and expertise. IES was formed in 2020 and is headquartered in Beaumont, Texas.

DEAL STATS #
Overall 1 of 1
Sector (Consumer Services) 1 of 1
Type (Add-on Acquisition) 1 of 1
State (Louisiana) 1 of 1
Country (United States) 1 of 1
Year (2024) 1 of 1
Mergr

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Company

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