Add-on Acquisition • Business Services

Powervac Acquires Fire & Ice Mechanical

On August 7, 2020, Powervac acquired business services company Fire & Ice Mechanical

Acquisition Context
  • This is Powervac’s 1st transaction in the Business Services sector.
  • This is Powervac’s 1st transaction in the United States.
  • This is Powervac’s 1st transaction in Michigan.

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M&A Deal Summary

Date August 7, 2020
Target Fire & Ice Mechanical
Sector Business Services
Buyer(s) Powervac
Deal Type Add-on Acquisition

Target Company

Fire & Ice Mechanical

Sterling Heights, Michigan, United States
Fire & Ice Mechanical, Inc. is a full service heating and cooling company for commercial, industrial, and institutional systems. Fire & Ice Mechanical is based in Sterling Heights, Michigan.
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Buyer Overview 1

Buyer

Powervac

Novi, Michigan, United States

Category Company
Sector Business Services
DESCRIPTION

Powervac is a provider of hydro excavation, pipe inspection, jet/vac, plumbing, electrical, mechanical, and other repair and maintenance services for commercial, retail, and industrial buildings, as well as for utilities, municipalities, and construction companies. Powervac is based in Novi, Michigan.


Deal Context for Buyer #
Overall 1 of 7
Sector: Business Services 1 of 6
Type: Add-on Acquisition 1 of 7
State: Michigan 1 of 6
Country: United States 1 of 7
Year: 2020 1 of 1
FOLLOWING DEAL
DATE TARGET DEAL TYPE VALUE
2022-02-03 Strain Electric

Wyoming, Michigan, United States

Strain Electric is a diversified electrical utility contractor specializing in industrial construction, outdoor traffic signals, and underground electrical work. Strain Electric was founded in 1947 and is based in Wyoming, Michigan.

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