ICS Holdings Acquires Funderburk Electrical Services
November 11, 2020
ICS Holdings, a portfolio company of Stone Arch Capital, has acquired Knoxville-based Funderburk Electrical Services. FourBridges Capital advised Funderburk on the transaction; founder Jack Funderburk will retain an equity interest and COO Earl Norman will continue to lead the business reporting to ICS CEO Steve Lyon.
- Buyers
- ICS Holdings, Stone Arch Capital
- Targets
- Funderburk Electrical Services
- Sellers
- Funderburk Electrical Services (selling shareholders, including founder Jack Funderburk)
- Platforms
- ICS Holdings
- Industry
- Electrical Services
- Location
- Tennessee, United States
- Transaction Type
- Addon
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