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Announced

Service Experts to acquire Pine State Services.

Financials

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Transaction Value-
Consideration TypeCash
Capital Owned-
Capital Bid For100%
EV/Sales-
EV/EBITDA-
Share Price Premium-
One Off Charge-

Tags

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Building Roofing/Wallboard and Plumbing

Acquisition

Private

Pending

Majority

United States

Domestic

Residential heating

Friendly

Single Bidder

Synopsis

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Service Experts Heating & Air Conditioning, a provider of HVAC repair, maintenance, new equipment sales and related services, agreed to acquire Pine State Services, a residential heating, air conditioning, plumbing and electrical company. Financial terms were not disclosed. "We're excited for this opportunity with Pine State as we expand our footprint in the Northeast. With the addition of Pine State, our team is proud to provide residential plumbing, HVAC and electrical services in the Portland, Maine and surrounding area," Greg Worley, Service Experts East Division Vice President.

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