Charlotte, NC - Business Acquisition and Merger Associates ("BAMA") advises Eneco East, Inc. ("Eneco") on its sale to Sauer Building Solutions, Inc. ("Sauer"), a wholly owned subsidiary of Sauer Group, Inc.
"After nearly 30 years in business, Kathy and I are excited to align our company with Sauer. John and his team understand the latest trends in the industry and will do a great job implementing new technology and improving general business practices." stated Bill Lewis, the founder and President of Eneco.
Sauer's President John Sloan added, "Eneco fits well with our overall growth strategy to build out our mechanical services division in the Southeast. Eneco supports a solid base of commercial and industrial customers and is led by a strong management team that will continue to oversee the day-to-day. We look forward to scaling the operation and building on the legacy that Bill and Kathy have created over the years."
BAMA acted as advisor to Eneco East, Inc.
Business Acquisition & Merger Associates, a Charlotte, NC advisory firm, assists business owners in growth recapitalizations, business transfers to financial or strategic buyers, and management buyouts. BAMA also helps companies grow by providing buy-side sourcing services that identify potential add-on acquisitions to expand geographic footprint or add strategic products and capabilities.
Eneco East, Inc. is a full-service mechanical contractor based in Greenville, NC. They offer an array of services including heating, ventilation, air-conditioning, and refrigeration services to commercial and industrial customers across the greater Eastern North Carolina market. The Company was founded in 1987 and will continue to serve its customer base under the name Eneco East. Existing management will remain in place to support the ongoing operation.
Sauer Building Solutions, a subsidiary of Sauer Group, is a family owned company dating back to the 1850's offering turnkey mechanical and construction services across the East Coast. Some of their offerings include: traditional HVAC services, building controls and automation, energy audits, design and building capabilities and more. The company is headquartered in Pittsburgh, PA with offices in North Carolina, Ohio, Florida and Pennsylvania.