Group Maintenance America Corp. acquired six companies, at a total cost of about $36.6 million in cash, $1.8 million in common stock and a total debt assumed of $3 million. The new companies will bring in $117 million in annual revenue, 66 percent of that revenue will come from maintenance, repair and replacement services, according to GroupMAC.
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For plumbers in Flint, Mich., “it’s been a heck of a year,” said Harold T. Harrington, a master plumber and pipefitter working as the business manager for Flint’s United Association of Plumbers and Pipefitters, Local 370. Read more stories in 2017 March Issue.