M&A Deal Summary

Reedy Industries Acquires Control Works

On March 4, 2021, Reedy Industries acquired electrical equipment company Control Works

Acquisition Highlights
  • This is Reedy Industries’ 1st transaction in the Electrical Equipment sector.
  • This is Reedy Industries’ 8th transaction in the United States.
  • This is Reedy Industries’ 5th transaction in Illinois.

M&A Deal Summary
Date 2021-03-04
Target Control Works
Sector Electrical Equipment
Buyer(s) Reedy Industries
Deal Type Add-on Acquisition

Target

Control Works

Charles, Illinois, United States
Control Works, Inc. designs, manufactures and repairs control systems for productivity, improves product quality and reduces cost. Increase your competitive advantage by taking control of your machinery. Control Works is based in Charles, Illinois.

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Buyer(S) 1

Buyer

Reedy Industries

Glenview, Illinois, United States
Category Company
Founded 1930
Sector Business Services
DESCRIPTION

Reedy Industries is a provider of commercial HVAC services, mechanical services, and energy solutions primarily serving commercial, industrial, and municipal buildings in the Midwest. Reedy Industries serves over 6,000 customers focusing on preventative maintenance, break/fix repairs, and retrofit projects. Reedy Industries was founded in 1930 and is based in Glenview, Illinois.

DEAL STATS #
Overall 8 of 15
Sector (Electrical Equipment) 1 of 1
Type (Add-on Acquisition) 8 of 15
State (Illinois) 5 of 8
Country (United States) 8 of 15
Year (2021) 2 of 9
PREVIOUS DEAL
DATE TARGET DEAL TYPE VALUE
2021-03-03 Tessendorf Mechanical Services

Gilberts, Illinois, United States

Tessendorf Mechanical Services provides professional and timely mechanical repairs. Tessendorf Mechanical Services was founded in 1975 and is based in Gilberts, Illinois.

Buy -
FOLLOWING DEAL
DATE TARGET DEAL TYPE VALUE
2021-03-16 Pro-Tek Mechanical

Lake Zurich, Illinois, United States

Pro-Tek Mechanical is a full-service residential, commercial, industrial, and pharmaceutical mechanical contractor. The company's specialty has been the installation, maintenance, and service for pharmaceutical and lab customers. Pro-Tek Mechanical was founded in 2001 and is based in Lake Zurich, Illinois.

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