IH Services Expands Offerings Through Acquisition
IH Services, Inc., Greenville, South Carolina, acquired MaintainIT Facility and Plant Services, a Greenville, South Carolina-based facility and plant maintenance services company. MaintainIT provides supplemental staffing, facility management, facility maintenance, industrial maintenance, building management, contract maintenance, reliability testing, CMMS services, and janitorial services to industrial and commercial clients.
“I am pleased with the opportunity to join IH Services and look forward to supplying MaintainIT services to their very impressive large client base,” says Jimmy Pittman, president of MaintainIT.
For this transaction, Pursant, LLC, Bannockburn, Illinois, acted as the sole Merger & Acquisition advisor for IH Services, Inc. Pursant performed the preliminary due diligence, helped evaluate the cultural fit between the two companies, negotiated the final terms of the transaction and managed the deal cycle through close.
“The merger of MaintainIT into IH Services enhances the service offerings and market penetration of both companies,” says Taylor Bruce, COO of IH Services. “The overlapping territories, compatible cultures and similar management styles make this a good fit for both companies.”
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