Affinity Ventures is pleased to announce the completed transaction of Intermountain Electric Service, Inc. (IME) based in Rock Springs, Wyoming. Affinity Ventures acted as the exclusive Merger & Acquisition Advisors. The transaction closed on March 18, 2021. Affinity Ventures has a long history in the construction industry of closed transactions in the electrical contractor sector but this is the firm’s first Employee Stock Ownership Plan (ESOP) owned company sale.
Intermountain Electric Services, Inc. was a 100% Employee Stock Ownership Plan (ESOP) company that provides industrial, commercial and high voltage electric power services. It was sold to a strategic buyer.
“Intermountain Electric chose Bruce Burns and his staff at Affinity Ventures because they are down to earth and realistic. Most of all, we are 100% employee owned (ESOP) and Bruce’s team became well educated in our very unique type of company. They went right to work and found several good strategic partners. They helped us choose the right one that fit our vision and goals for our employees. Bruce and Andrew made themselves available every moment we needed them. IME, being an ESOP, makes a transaction far more complicated than a standard business acquisition and they made sure it went smooth right to the end. I would recommend their staff and skills to anyone who demands the best and needs attention to detail.” JD Hall – President & CEO of Intermountain Electric Service, Inc.
Affinity Ventures is a Top 20 Axial rated mergers & acquisitions firm focused on the lower middle market sector. The diversified team of professionals have completed over 250 transactions valued at over $2 billion. Since its founding in 1994, the company has completed M&A transactions for their clients in multiple sectors. The diverse group of buyers are from privately held companies, private equity firms, international suitors and Fortune 500 public corporations. www.affinityventures.com
When was the last time you had a valuation for your company? As you can tell from the continued success of closed transactions in multiple sectors, Affinity Ventures has both strategic and private equity firms with large capital funds to acquire or invest in companies like yours. Contact us today for a complimentary M&A market valuation of your business. Call 505-881-5352, or email Andrew Melendrez (amelendrez@affinityventures.com), Matthew Wieland (mwieland@affinityventures.com), John Bessone (jbessone@affinityventures.com), or Bruce Burns (bburns@affinityventures.com) to answer any questions or start the complimentary M&A market valuation process.