Mergers & Acquisitions
By The Online Investor Staff, updated Wed., Feb. 26, 5:54 PM
| This Slide: #42 of 100 |
Slide #42. IES Holdings, Inc. — Aerial Lighting & Electric
Acquirer:
IES Holdings, Inc. (NASDAQ:IESC)
Acquiree:
Aerial Lighting & Electric
Details:
IES Holdings, Inc. (or "IES") (NASDAQ: IESC) announced today that it has acquired all of the equity interests in Aerial Lighting & Electric, Inc. ("Aerial"), a Naugatuck, CT-based electrical contractor specializing in the design and installation of electrical systems for multi-family developments, with revenues of approximately $24 million in calendar year 2019. Aerial will become part of IES's Residential segment and continue to operate under the Aerial name.
IES Holdings is a holding company. Co. has four business segments: Commercial & Industrial, which provides electrical and mechanical design, construction, and maintenance services to the commercial and industrial markets in various regional markets and nationwide in certain areas such as the power infrastructure market; Communications, which provides technology infrastructure services to corporations and independent businesses; Infrastructure Solutions, which provides electro-mechanical solutions for industrial operations; and Residential, which provides electrical installation services for single-family housing and multi-family apartment complexes.
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