PHOENIX - Dallas-based TDIndustries announced that it has acquired JBS Mechanical in Phoenix as part of the firm’s overall growth strategy in the state of Arizona. JBS Mechanical’s revenues are $2.2 million annually. The acquisition price was not disclosed.
According to Ed White, general manager of TDIndustries in
Phoenix, “We believe that the greater Phoenix area is poised for growth, and
this acquisition enables us to support that growth. JBS is a respected HVAC
service contractor with loyal customers and a 20-year track record of service
to this community. Our mutual business values and company cultures are a great
TDIndustries CEO Harold MacDowell said, “We reviewed a wide range
of firms and honed in on their company cultures as a decisive factor. Our
long-held servant leadership philosophy exemplifies how we conduct business. We
wanted to associate with an equally customer-focused firm in Phoenix.”
JBS Mechanical specializes in commercial and industrial HVAC
systems and has a client roster of owner-occupied facilities, especially
financial institutions. JBS president and co-owner Robert Stinger will remain
with TDIndustries as a senior sales executive. Stinger said, “TDIndustries has
an outstanding reputation for its people and its service capabilities. We know
our customers will value this new relationship and are excited about the future
of this market and our ability to grow with it.”
George Athens, vice president of service for TDIndustries in
Phoenix, will assume day-to-day responsibilities and management oversight. It
is anticipated that the integration of operations and facilities will be
completed by the end of September.
Dave Joran, JBS vice president, is also remaining with
TDIndustries and will be responsible for the leadership of the field
technicians and customer retention.
For more information, visit www.tdindustries.com.
Sept. 16, 2010: TDIndustries Acquires JBS Mechanical
September 16, 2010