Deal announced Dec 2020 · Hudson, FL Verified
IES Holdings Acquires 80% of Bayonet Plumbing, Heating & Air-Conditioning
IES Holdings, Inc. announced the acquisition of an 80% ownership interest in Bayonet Plumbing, Heating and Air-Conditioning, LLC, a Florida-based residential HVAC and plumbing provider. The founders will retain a 20% stake, and Bayonet will become part of IES's Residential segment.
“IES Holdings, Inc. (“IES”) (NASDAQ: IESC) announced today that it has acquired an 80% ownership interest in Bayonet Plumbing, Heating and Air-Conditioning, LLC (“Bayonet”), a Hudson, FL-based provider of residential heating, ventilation and air conditioning (HVAC) and plumbing installation and maintenance services.”
Entities
Bayonet Plumbing, Heating and Air-Conditioning, LLC · Target IES Holdings, Inc. · Acquirer
HVACPlumbing Sentiment: Positive
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