- IES Holdings ( NASDAQ: IESC ) has sold STR Mechanical and its subsidiary Technical Services II to an affiliate of SkyKnight Capital .
- STR, originally acquired by IES in 2016, is a Charlotte, North Carolina-based provider of heating, ventilation and air conditioning maintenance, repair, and replacement services to commercial customers and had operated as part of IES’s Commercial & Industrial segment.
- The decision to divest STR is a result of the previously discussed strategic review of our Commercial & Industrial segment.
- "While this strategic and structural review is ongoing, the divestiture of STR increases our focus on our core operations.” said Jeff Gendell, Chairman and CEO of IES.
For further details see:
IES Holdings divests STR Mechanical