Bayonet Plumbing, Heating & Air-Conditioning
Plumbing / HVAC · Hudson, Pasco County · Founded 1977 by Robert N. Blankenship
About the company
Residential HVAC and plumbing installation, maintenance and service company founded in Hudson, Florida in 1977, with additional operations in Tampa and Orlando. At the time of sale it had over 500 employees and roughly $86 million of trailing twelve-month revenue. It serves new-construction homebuilders as well as service customers.
Ownership history
- Acquisition IES Holdings, Inc. · 500 employees
What changed after the sale
IES Holdings acquired 80% in December 2020 with the Blankenship family retaining 20% — a structure that leaves the founding family with meaningful ongoing economics, unlike a clean sale. Robbie Blankenship stayed on and said the partnership would let operations continue while supporting growth objectives.
Only sourced observations are listed. Customers and employees can add what they saw.
Who really profits
Money paid to Bayonet Plumbing, Heating & Air-Conditioning now flows to IES Holdings, Inc. (Sugar Land, TX). NASDAQ-listed (IESC) infrastructure and electrical contractor whose IES Residential segment buys residential electrical, HVAC and plumbing contractors and generally keeps their brands and local management. Its Florida strategy began with the December 2020 purchase of 80% of Bayonet Plumbing, Heating & Air-Conditioning of Hudson (Pasco County) — an $86 million-revenue, 500-employee business serving Tampa and Orlando, with the founding Blankenship family retaining 20% — followed in May 2021 by Edmonson Electric to expand the Florida presence. IES is one of the few Tampa Bay acquirers that is a public company with continuous SEC disclosure.
Read more: why prices rise after a sale · debt, exits and the 5-year clock.
Same owner, different name
Other Tampa Bay brands controlled by IES Holdings, Inc.. Getting a "second opinion" from one of these is not a second opinion.
Edmonson Electric
Frequently asked
Who owns Bayonet Plumbing, Heating & Air-Conditioning?
Bayonet Plumbing, Heating & Air-Conditioning is owned by IES Holdings, Inc., a public company headquartered in Sugar Land, TX. The sale was announced December 21, 2020; the company still operates under its original name.
Is Bayonet Plumbing, Heating & Air-Conditioning private equity owned?
Bayonet Plumbing, Heating & Air-Conditioning was acquired by IES Holdings, Inc., which we classify as public company rather than a private-equity platform, based on the sources listed below.
Is Bayonet Plumbing, Heating & Air-Conditioning locally owned?
Not in the sense most homeowners mean. Control sits with IES Holdings, Inc. in Sugar Land, TX, although the local brand name is still used.
When was Bayonet Plumbing, Heating & Air-Conditioning sold?
December 21, 2020 (announcement date).
Did Bayonet Plumbing, Heating & Air-Conditioning change its name after the sale?
No. Keeping the acquired brand name is standard practice for platforms; it preserves customer trust and reviews while ownership changes behind it.
Sources Verified — primary document
- IES Holdings (2020-12-21) — press release. Hudson FL, est. 1977, $86M TTM revenue, 500+ employees, 80/20 ownership split, Blankenship family
- GlobeNewswire (2020-12-21) — press release. Wire distribution of the same release
Researcher notes: IES is a public company (NASDAQ: IESC), so this deal has ongoing SEC-disclosure follow-through that most Tampa Bay transactions lack. | One of the largest disclosed Tampa Bay trade-services transactions in the window by revenue.
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