IES Holdings (IES Residential)
Backed by Publicly Traded (NASDAQ: IESC)
History & Strategy
IES Holdings entered the Florida residential services market in December 2020 with the acquisition of Bayonet Plumbing, Heating & Air Conditioning. IES is a publicly-traded company on NASDAQ.
Business Model
IES operates through its IES Residential division, acquiring residential HVAC and plumbing companies while allowing them to maintain operational independence.
PE Backer: Publicly Traded (NASDAQ: IESC)
IES Holdings is a publicly-traded diversified electrical and technology services company. IES Residential is their residential services division.
Operational Practices
Partial ownership model (80% stake in Bayonet), retention of local management, corporate support for growth and operations.
Tampa Bay Portfolio
Timeline
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.