We are pleased to announce the sale of our client, Electric Systems Inc, based in Reidville, North Carolina, to a group of three individual investors—all Master Electricians with substantial industry experience. The transaction closed at full asking price, marking a significant achievement for the seller and the buyer group alike.
Deal Highlights
- Market Interest: Over 90 signed NDAs were executed, reflecting strong buyer demand.
- Speed to Close: Listed in mid‑January 2025, received an offer within three weeks, and closed the transaction in under 60 days—just four months from launch to finish.
- Full-Price Outcome: Electric Systems Inc. achieved its asking price, with the sale including the real estate and all excess inventory.
- Strategic Marketing: A compelling teaser and Confidential Information Memorandum (CIM) drove robust interest, showcasing the company’s growth potential and operational assets iagmerger.com.
About Electric Systems Inc
Founded with a reputation for quality electrical contracting, Electric Systems Inc. faced headwinds after the 2020–21 COVID downturn. Revenue declined from $3.2 MM in 2022 to $1 MM in 2024, following the reduction of a 40‑person workforce that was never fully rehired. Despite these challenges, the company maintained valuable client relationships and a well‑stocked inventory, making it an attractive acquisition target.
Buyer Profile
The buyer group consisted of three Master Electricians who had been working for other firms and were eager to own and expand their own business. Their collective expertise in residential and commercial electrical systems positioned them to leverage Electric Systems Inc.’s existing infrastructure and customer base for renewed growth.
Process and Financing
- Preparation & Launch: IAG developed a targeted CIM that highlighted key financials, service capabilities, and the strength of the company’s real estate and inventory holdings.
- Buyer Engagement: The marketing materials generated high engagement, leading to 90+ NDAs and multiple LOIs.
- Efficient Execution: With financing facilitated by Fidelity Bank, the buyers secured the necessary capital, and the deal moved from LOI to close in under 60 days iagmerger.com.
Looking Ahead
This sale underscores the power of clear positioning and strategic advisory in driving maximum value—even for businesses navigating revenue challenges. Electric Systems Inc.’s new owner‑operators are well‑equipped to build on the company’s legacy, invest in workforce reinvigoration, and capitalize on the firm’s solid market reputation.
For more details on how IAG can help sell your business quickly and at full value, visit our Success Stories page .
