Add-on acquisition Jul 2008 Verified
Energy King Acquisition Strategy
Energy King plans to acquire profitable residential HVAC and plumbing businesses with strong management teams at 3-5x operating income. The company targets net income accretive acquisitions to expand within regions using a hub-and-spokes configuration.
“Acquire only net income accretive companies · Purchase companies at 3-5x operating income · Expand within regions by adding smaller acquisitions and opening new locations in a hub-and-spokes configuration to achieve concentration, synergies and name recognition.”
Entities
Energy King, Inc. · Acquirer
HVACPlumbing Sentiment: Positive
Signals are extracted from public coverage and print archives and pinned to a verbatim quote, presented as reported by their sources; naming a company in a signal is not an accusation against it. The verified mark denotes a high-confidence, corroborated signal. See our methodology and legal notes.