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Announced

Completed

Alpine Investors-backed Orion Group completed the acquisition of Owens Companies.

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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United States

HVAC services

Specialty Contracting

Acquisition

Completed

Friendly

Single Bidder

Private

Private Equity

Domestic

Majority

Synopsis

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Alpine Investors-backed Orion Group, a commercial facility services business, completed the acquisition of Owens Companies, a commercial HVAC services company based in Minneapolis. Financial terms were not disclosed. "Owens Companies is proud to announce we are taking our business to the next level with the Orion Services Group. Orion recognizes the long tradition of excellence at Owens, and the quality and strength of the Owens Team. Bob Owens was a pioneer in our industry and set the standards for others to follow. I have spent 45 years working to carry on his legacy and honor his memory, along with that of my late brother Jim, who was a Vice President of the company. I am confident with Orion our loyal customers will continue to receive the quality of service they have come to expect from Owens Companies,” John Owens, Owens Companies President & CEO.

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