MDU Resources Purchases Bombard Mechanical
Bombard Mechanical will become part of Utility Services Inc. (USI), a wholly owned operating subsidiary of MDU Resources. Bombard Mechanical has annual revenues of about $25 million. Details of the purchase price were not released.
"Bombard Mechanical is a fast-growing mechanical company with rapidly increasing market share in the ever expanding Las Vegas market," said John Harp, Utility Services president and CEO.
"Combined with our June 9, 2005, acquisition of Bombard Electric, we can now offer customers the advantage of combining electrical and mechanical construction services into one complete turnkey package. Combined, Bombard Electric and Bombard Mechanical have annual revenues of about $166 million. Bombard Mechanical is an outstanding addition to USI."
Martin White, chairman and CEO of MDU Resources, said, "The Bombard acquisition demonstrates our commitment to purchase successful companies in vibrant markets. I'm especially pleased to welcome Bombard Mechanical to MDU Resources."
Publication date: 07/11/2005