HVAC Breaking News

IntelliReady Buys Hvac,Electronics Contractor

July 26, 2001
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AURORA, CO — IntelliReady Inc., a home and office technology integrator and digital services provider, announced that it has signed an agreement to buy JEB Electric, a specialty contractor located in Denver, CO.

Founded in 1993, JEB Electric specializes in two areas of electrical contracting: high-voltage inside wiring for new construction and retrofit, and heating-cooling in new construction and remodeling jobs. JEB brings a large potential customer base for its wireless bundled digital services and custom installation operations, and will create combined projected revenues for the two companies of $8.6 million in the first 12 months of operations.

Scott Campbell, president and ceo of IntelliReady, said, “The acquisition of JEB will help [IntelliReady] consolidate subcontractors in its wiring operations and produce some economies of scale, as well as substantial top-line revenue.

“Additionally, JEB brings a keen understanding of the home security industry and environmental controls. With energy prices trending upwards over the long term, we believe that [IntelliReady’s] ability to help homeowners and business owners reduce energy costs will be a key component of future growth.”

IntelliReady Inc. is a home and office technology integrator and digital services provider. Through its network of builder partners, the company integrates digital products and services for the home and office.

The company’s strategy is to acquire and consolidate companies in the highly fragmented technology integration business, concentrating on the “last foot of the last mile” of the information superhighway.

Current service offerings include installation of high-capacity structured wiring, whole-house entertainment systems, security and surveillance systems, advanced telephone systems, environmental and lighting controls, and computer networks.

For more information, call John Ransom at 303-755-2400 or visit www.intelliready.com (website).

Publication date: 07/23/2001

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