IES Holdings Completes Acquisition of Technical Services II

IES Holdings, through its subsidiary STR Mechanical, has acquired all membership interests of Technical Services II, a Virginia-based provider of mechanical maintenance services including HVAC, electrical, and plumbing. The acquisition expands IES's Commercial & Industrial segment and adds approximately $5 million in annualized revenues.

“IES Holdings, Inc. (or “IES”) (NASDAQ: IESC) today announced that STR Mechanical, LLC (“STR Mechanical”), a subsidiary within IES’s Commercial & Industrial segment, has acquired all of the membership interests of Technical Services II, LLC (“Technical Services”), a Chesapeake, Virginia-based provider of mechanical maintenance services, including commercial heating, ventilation and air conditioning (“HVAC”), food service equipment, electrical and plumbing services.”

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