TAMPA, FL — /PRNewswire/ — Cascade Services, a residential tri-trade services platform, has recently made two additional acquisitions, marking their 10th and 11th acquisitions over the last 24 months.
Sun Plumbing, serving Brevard County in Florida since 1947, marks Cascade’s 10th acquisition and the first fully focused plumbing business that they have acquired. “By bringing Sun Plumbing into our family of brands, we are able to expand our footprint in the Melbourne, Florida market and offer our HVAC customers at Mid Florida Heating and Air and Kabran a trusted plumbing partner,” Ty Johnson, CEO of Cascade Services, shared.
Additionally, Cascade Services is delighted to welcome Smith and Keene Home Services LLC to their family of brands. Smith and Keene Home Services is a provider of heating, cooling, indoor air quality, plumbing, and electrical installation and repair services serving the Chesapeake and Greater Norfolk, VA markets.
“This transaction represents a first of its kind for Cascade. The Smith and Keene Home Services business was a carve-out of the Retail (Installation) and Service (Repair) divisions from the parent company’s Smith & Keene Electric Service, Inc. new construction business that had been in the area since its founding in 1947. Smith & Keene Electric Service, Inc. will do business post-closing as S & K Electric, and they will continue to provide the same high-quality service to their homebuilder customers. This was a complex transaction that incorporated a transition services agreement across several core functions of the companies, including Accounting, Information Technology, Marketing and Human Resources,” stated Johnson.
As the 11th addition to the Cascade Residential Services platform, the Smith and Keene team will continue to operate with the same commitment to customers. The acquisition advances Cascade’s strategic plan to grow the company’s regional footprint, provide opportunities for vendor expansion, and improve customer service options.
Cascade is seeking add-on opportunities in the residential HVAC, plumbing and electrical space. Those interested in learning more can reach out via [email protected] or by visiting www.cascadeservices.com.
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