HOUSTON, TX — Earlier this year, one of the original hvacr consolidators changed the course of its future, merging with a similar operating company. This move effectively put another nail in the coffin of the “consolidation phase” of contractor acquisitions.
Group Maintenance America Corp., formed in 1997 to consolidate contractors in the commercial and industrial mechanical trades, merged with Building One Services Corporation to form En-compass Services Corp. According to Encompass ceo Joe Ivey, the union made sense.