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
Location
Tennessee, United States
Transaction Type
Addon

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