PHOENIX -- Dallas-based TDIndustries has acquired JBS Mechanical in Phoenix as part of the firm's overall growth strategy in the state. The $2.2 million acquisition is the result of an extensive search conducted by TDIndustries over the past year.
According to Ed White, general manager of TDIndustries in Phoenix, "We believe that the greater Phoenix area is poised for growth, and this acquisition enables us to support that growth. JBS is a respected HVAC service contractor with loyal customers and a 20-year track record of service to this community. Our mutual business values and company cultures are a great match."
TDIndustries CEO Harold MacDowell said, "We reviewed a wide range of firms and honed in on their company cultures as a decisive factor. Our long-held servant leadership philosophy exemplifies how we conduct business. We wanted to associate with an equally customer-focused firm in Phoenix."
More than 300 companies were reviewed by TD senior management with four potential acquisitions candidates identified.
JBS Mechanical specializes in commercial and industrial HVAC systems and has a deep client roster of owner-occupied facilities, especially financial institutions. JBS president and co-owner Robert Stinger will remain with TDIndustries as a senior sales executive.
Said Stinger, "TDIndustries has an outstanding reputation for its people and its service capabilities. We know our customers will value this new relationship and are excited about the future of this market and our ability to grow with it."
George Athens, vice president of service for TDIndustries in Phoenix, will assume day-to-day responsibilities and management oversight. It is anticipated that the integration of operations and facilities will be completed by the end of September.
Dave Joran, JBS vice president is also remaining with TDIndustries and will be responsible for the leadership of the field technicians and customer retention.
Founded in 1946, TDIndustries is the leading mechanical construction, facilities operations, and services provider in the South with annual revenues of approximately $300 million. For the 13th consecutive year, TDIndustries has been named to Fortune magazine's "100 Best Companies to Work For" list. The company is one of only 13 to have made the list every year since its inception in 1998, earning the firm the distinction of being a Fortune "All Star." TDIndustries is headquartered in Dallas, with offices in Fort Worth, Houston, Austin, San Antonio and Phoenix. Additional information is available at www.tdindustries.com.