IES Holdings Acquires Aerial Lighting & Electric
February 18, 2020
IES Holdings, Inc. acquired all equity interests in Aerial Lighting & Electric, Inc., a Naugatuck, Connecticut-based electrical contractor specializing in multi-family residential electrical systems. Aerial, which had approximately $24 million in 2019 revenue and over 60 employees, will join IES's Residential segment to strengthen and expand IES's presence in the Northeast and Mid-Atlantic.
- Buyers
- IES Holdings, Inc.
- Targets
- Aerial Lighting & Electric, Inc.
- Sellers
- Paul Simko
- Industry
- Electrical Services
- Location
- Connecticut, United States
- Transaction Type
- Buyout
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