Dallas-based TDIndustries recently acquired JBS Mechanical in Phoenix as part of the firm’s overall growth strategy in the state. The purchase price was not disclosed. The integration of operations and facilities was expected to be completed by the end of September.
More than 100 companies were reviewed by TD
senior management with four potential acquisition candidates
identified. “JBS is a respected HVAC service contractor with loyal
customers and a 20-year track record of service to this community,” saidEd White, general manager of
TDIndustries in Phoenix.
JBS Mechanical, with $2.2 million in annual revenues, specializes in commercial
and industrial HVAC systems and has a deep client roster of owner-occupied
facilities, especially financial institutions. JBS President and Co-ownerRobert Stingerwill remain with TDIndustries
as a senior sales executive.George Athens, vice president of service
for TDIndustries in Phoenix,
will assume day-to-day responsibilities and management oversight.
Jordan, JBS vice president, is also remaining with TDIndustries and will be
responsible for the leadership of the field technicians and customer retention.