Bayonet Plumbing, Heating & Air Conditioning
Overview
Bayonet Plumbing, Heating & Air Conditioning has served the Tampa Bay area since 1977, offering residential and commercial plumbing, heating, and air conditioning services.
Ownership History
Founded in 1977 as a locally-owned plumbing and HVAC company. IES Holdings acquired an 80% ownership interest in December 2020.
Deal Details
IES Holdings (NASDAQ: IESC) acquired an 80% ownership interest in Bayonet in December 2020. This was IES's expansion into the Florida residential services market.
Operational Changes
Brand name retained. Operations integrated with IES Residential division. Original management retained partial ownership stake.
Market Impact
The acquisition brought a publicly-traded corporation into the Tampa Bay home-services market, adding another layer of corporate ownership.
Key Events
IES Holdings Acquires Bayonet Plumbing
Publicly-traded IES Holdings acquires an 80% ownership interest in Bayonet Plumbing, Heating & Air Conditioning, bringing corporate ownership to another Tampa Bay institution.
Parent Platform
IES Holdings (IES Residential)
Backed by Publicly Traded (NASDAQ: IESC)