July 3, 2007: TAC Agrees to Acquire Six Yamas Controls Locations
DALLAS - TAC has signed a purchase agreement to acquire six operating units of Yamas Controls Group Inc. These six units have combined revenue of more than $40 million and a workforce of 225 employees. TAC will acquire Yamas Controls Inc. in San Francisco; the Yamas Controls Southwest office in Las Vegas; and four Yamas Controls Carolinas offices located in Charlotte, N.C.; Greensboro, N.C.; Morrisville (Raleigh), N.C.; and Greenville, S.C. Terms of the deal were not disclosed.
Founded in San Francisco in 1952, Yamas Controls Group is headquartered in Sacramento, Calif., and is privately owned by Alestra Ltd., a London-based financial holding company. Yamas is one of the nation's largest independent systems integrators and installs building management systems (BMS) to control HVAC, lighting, energy, security, and access. Its operating companies have leading positions in various market segments, including education, healthcare, commercial, pharmaceutical, hospitality and gaming, government, and manufacturing.
“Acquiring these Yamas business units allows TAC to secure prominent systems integration market share in the Carolinas and to establish a foothold in the integration business in the fast growing western U.S. regions of northern California and Las Vegas,” said Dean Meyer, president of TAC Americas. “As part of TAC, the former Yamas offices will be able to offer more products to their customers and provide a broader array of support services as well. Furthermore, Yamas successfully serves many of the same core market segments as TAC, making the two companies highly compatible.”
“This acquisition is aligned with the growth strategy of TAC's parent company, Schneider Electric, which is to expand beyond power management by offering a complete building management platform with a full suite of integration solutions,” said Arne Frank, chairman and chief executive officer of TAC.
The Yamas locations in the Carolinas will be integrated with existing TAC offices, and the Western operations will function within TAC’s current systems integration office management structure.
For more information, visit www.tac.com
Publication date: 07/02/2007
Founded in San Francisco in 1952, Yamas Controls Group is headquartered in Sacramento, Calif., and is privately owned by Alestra Ltd., a London-based financial holding company. Yamas is one of the nation's largest independent systems integrators and installs building management systems (BMS) to control HVAC, lighting, energy, security, and access. Its operating companies have leading positions in various market segments, including education, healthcare, commercial, pharmaceutical, hospitality and gaming, government, and manufacturing.
“Acquiring these Yamas business units allows TAC to secure prominent systems integration market share in the Carolinas and to establish a foothold in the integration business in the fast growing western U.S. regions of northern California and Las Vegas,” said Dean Meyer, president of TAC Americas. “As part of TAC, the former Yamas offices will be able to offer more products to their customers and provide a broader array of support services as well. Furthermore, Yamas successfully serves many of the same core market segments as TAC, making the two companies highly compatible.”
“This acquisition is aligned with the growth strategy of TAC's parent company, Schneider Electric, which is to expand beyond power management by offering a complete building management platform with a full suite of integration solutions,” said Arne Frank, chairman and chief executive officer of TAC.
The Yamas locations in the Carolinas will be integrated with existing TAC offices, and the Western operations will function within TAC’s current systems integration office management structure.
For more information, visit www.tac.com
Publication date: 07/02/2007
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