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Service Experts’ shopping spree bags 31 hvac contractors

September 19, 2000
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NASHVILLE, Tenn. — Service Experts announced the acquisition of 31 hvac contractors, representing revenues of $48.8 million. The acquisitions were completed during the company’s first quarter, which ended March 31.

The totals include 12 new service companies and 19 “tuck-ins.” The total consideration for these companies included $20.6 million in cash, including debt retired, and $7.3 million in convertible debt.

“We are pleased to announce that our acquisitions group had another successful quarter of activity, maintaining our track record of steady acquisition growth,” said Alan R. Sielback, president and ceo.

Service Experts’ national network of service centers now totals 116 companies in 36 states.

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