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New Deal


Announced

Completed

Wrench Group completed the acquisition of Morris-Jenkins.

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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Facilities Technology

Single Bidder

Domestic

electronics

United States

Friendly

air conditioning

Private

Acquisition

Completed

Majority

Synopsis

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Wrench Group, a company which offers home repair, replacement and maintenance services specializing in heating and ventilation, completed the acquisition of Morris-Jenkins, an air conditioning, heating and plumbing company. Financial terms were not disclosed. “Our motto has always been to treat our customers, employees and suppliers with honesty, integrity, fairness and respect, and Wrench Group shares those values with us. The technology and operations support we’ll receive from Wrench will allow us to not only continue to serve our customers with the highest level of friendly care that they’re used to, but to do so with even more convenience for homeowners in the Charlotte area,” Dewey Jenkins, Morris-Jenkins Chairman.

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