Construction M&A » By The Online Investor Staff, updated Tue., Dec. 6, 9:30 AM
Recent mergers and acquisitions in the Construction M&A category.
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Slide #54. Integrated Electrical Services, Inc. — MISCOR Group, Ltd.
Acquirer:
Integrated Electrical Services, Inc. (NASDAQ:IESC)
Acquiree:
MISCOR Group, Ltd.
Details:
Integrated Electrical Services, Inc. (NASDAQ:IESC) ("IES") today announced that it has completed its acquisition of MISCOR Group, Ltd. ("MISCOR"), a provider of electrical and mechanical solutions to customers both in the United States and abroad. The acquisition of MISCOR is part of IES' strategic plan to invest in companies that meet our strategic and financial criteria and allow us to accelerate the utilization of our net operating loss carryforwards.
IES Holdings designs and installs electrical and technology systems. Co.'s segments are: Communications, which provides technology services including the design, build, and maintenance of the infrastructure within data centers for co-location and hosting customers; Residential, which provides electrical installation services for single-family housing and multi-family apartment complexes, as well as heating, ventilation and air conditioning and plumbing installation services; Infrastructure Solutions, which provides electro-mechanical solutions for industrial operations; and Commercial and Industrial, which provides electrical and mechanical design, service, and construction services.
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