Brian Wright’s Post

This is what sets Kept Companies apart. The goal is to keep expanding and enhancing our services. Not only existing in the industry but evolving and adapting to the industry and it’s demands. #commercial #industrialcleaning #b2b #service #pressurewashing #windowcleaning #facilitymaintenance

Did you know that your elevator service provider can have a significant impact on your daily life? Choosing the right contractors for your building's elevators is crucial to ensure a smooth and hassle-free experience for everyone. When the time for elevator modernization comes, it's essential to stay away from proprietary brands. Why, you ask? Well, proprietary brands often limit your options and tie you down to a single provider. This can lead to inflated costs, lack of flexibility, and even delays in maintenance and repairs. Don't let your community suffer from these unnecessary pains! Instead, opt for local businesses that prioritize your success as much as theirs. Remember, your elevator service provider plays a significant role in the overall well-being of your condominium community. So, choose wisely and opt for local businesses that genuinely care about your success. Don't settle for proprietary brands that limit your options and treat you as just another customer.

U.S. industrial firm Honeywell said on Friday it would buy air conditioner maker Carrier’s security unit for $4.95 billion in cash to bulk up its building safety business where growth has slowed in recent months. The deal is Honeywell’s biggest under new CEO Vimal Kapur and will offer access to Carrier brands such as electronic lock maker Onity, used by many major hotel chains, and cloud-based lock maker Supra. 2024 and beyond will likely see more consolidation due to many factors including capital required to adopt ESG, slow economic growth, threats of cybersecurity attacks, and adopting of emerging technology like generative AI. https://lnkd.in/gceXVTzu Paul Young CPA CGA Senior Data and AI Thought Leader - Mergers, Acquisitions, Divestitures, and Business Strategy Paul Young is a former IBM Senior Customer Success Manager that has deployed over 300 data and AI solutions across geographies and industries for the past 8 years. Paul is also SME on mergers, acquisitions, and divestitures including integration, sell-off, and due diligence related to managing of investments. #mergers #acquisition #divestitures #safety #industrialsafety

𝗥𝗘𝗔𝗗: Bosch acquires residential and light commercial HVAC business from Johnson Controls and Hitachi Bosch, the supplier of technology and services, is continuing its growth course with a strategic acquisition. For its Energy and Building Technology business sector, the Bosch Group plans to take over the global HVAC solutions business for residential and light commercial buildings from Johnson Controls. As part of this transaction, Bosch also intends to acquire 100 percent of the Johnson Controls-Hitachi Air Conditioning (JCH) joint venture, including Hitachi’s 40 percent stake. The Bosch shareholders and supervisory board have approved the transaction. Binding agreements on the acquisitions were signed by the parties involved today. The acquisition is subject to approvals from the antitrust authorities. The purchase price for the acquired businesses is 8 billion dollars (7.4 billion euros). The acquisition is expected to be closed in approximately 12 months. Bosch is a Corporate Partner and has been a member of the ECCP since 1993. Read more via https://lnkd.in/gpj38Gvi

Today I shared more about Monday's deals (CED acquiring Parrish-Hare and Synergy Electrical Sales merging with ELA) and highlighted the 16 electrical deals that have occurred in the past 60 days ... with some "why"? The electrical distribution and manufacturer rep / lighting agent segments are in an arms race. While some don't want to be left with the empty chair when the game of musical chairs ends and may rush to sell, for those with a longer-term view (or more personal runway), there are opportunities to ensure relevancy and prosperity. #graybar #CED #electricalacquisitions #electricaltrends #electricalindustry

Ready to take the next step in expanding or relocating your business? Partner with GMJ for unmatched 𝘀𝗶𝘁𝗲 𝘀𝗲𝗹𝗲𝗰𝘁𝗶𝗼𝗻 expertise that goes beyond transactions, focusing on sustainable growth and enduring success. 🌍 Global Perspective Our 𝘀𝗶𝘁𝗲 𝘀𝗲𝗹𝗲𝗰𝘁𝗶𝗼𝗻 expertise extends beyond borders, ensuring your business finds the perfect location for growth on a global scale. 💡 Strategic Insight We don't just find sites; we craft strategies. GMJ guides you through the complexities of workforce availability, transportation infrastructure, cost analysis, and more, empowering you to make informed decisions. 📈 Proven Success The $30 billion in negotiated projects is not just a number – it represents our commitment to driving success for our clients. Join the ranks of businesses that have flourished under our strategic site selection guidance. 📝 Tailored Solutions One size doesn't fit all. GMJ understands the unique needs of each business. Our tailored solutions ensure your site selection aligns seamlessly with your objectives, ensuring long-term success. Connect with us today and let's chart the course to your business's prosperous future! #SiteSelection #BusinessExpansion #StrategicPlanning #Consultant #StrategicGrowth #GMJ

Looking to acquire a business? Home Service companies make great acquisitions! Why? Home service businesses are recession-resistant. Specifically, HVAC businesses make great acquisitions. Here are some interesting HVAC industry facts: The global HVAC market size was $240.8 billion in 2019. It is expected to see a CAGR of 4.8% between 2020 and 2030 to reach $358.1 billion on 2030. In the United States, Florida and California have the highest number of employed HVAC technicians, with 65,000 people working now. The number of HVAC units sold in 2024 is expected to surpass 151 million. From 2020 to 2028, the HVAC industry will offer 13 percent more jobs, much more than most industries. AND . . . I happen to have a couple of HVAC businesses interested in selling. Reach out for more info :)

Benchmark International, a global M&A firm, successfully facilitated the transaction between Satex Plumbing, Inc. and Bleuwave General Contracting, LLC. The deal represents a strategic expansion for Bleuwave General Contracting, LLC, as it aims to achieve scale through acquisitions and expand into the Texas market. 'The Benchmark group was a blessing to me. They kept me in touch throughout the process and helped me complete the deal. I recommend them to anyone interested in selling their business.' - Joel Stolarski, Founder of Satex Plumbing, Inc. Satex Plumbing, Inc., founded in 1983, specialized in commercial projects, including repairs, remodels, and new construction for medical, retail, and restaurant facilities. Bleuwave General Contracting, LLC, based in Arizona, is a powerhouse of commercial, industrial, and retail general contracting expertise. 'Our team at Benchmark International was thrilled to navigate the conversations with our client and walk them through the M&A process. It was even more exciting to witness the bond form between Satex Plumbing, Inc. and Bleuwave General Contracting, LLC. We are optimistic about the success of both parties as they embark on their next chapters.' - Jeffrey Garza, Deal Associate, @benchmarkintl. #mergerandacquisition #strategicexpansion #benchmarkintl #bleuwave #satexplumbing

You can tell when it's getting to the end of the quarter in the electrical industry. Not only are salespeople with publicly held manufacturers pushing to close deals (need to make the quarter), but the acquisition market heats up! Last week Graybar announced they acquired Blazer Electric Supply Company 2.0 Monday, CED announced that it acquired Parrish-Hare / Power-House Electrical Supply sharing ... "CED has acquired certain assets of Parrish-Hare / Power-House Electrical Supply located in Irving, Texas. Parrish-Hare's four locations (Irving, Haltom City, Midlothian, and Ennis), which operate under the names Parrish-Hare and Power-House, will operate as a separate subsidiary of CED under the continued leadership of Parrish-Hare founder Pat Hare and his team." And, in the rep / lighting agent world, Synergy Electrical Sales acquired Electric Lighting Agencies, Inc. (ELA). By my count, 16 distributor, rep and lighting agent deals so far this year. Here's a recap of deals in the last 60 days https://lnkd.in/e4kCJEGv Congrats to all ... and who's next (and yes, we've heard of others coming, possibly by the end of the quarter.) Industry consolidation continues to roil the market and is could lead to changing channel dynamics. #Parrishhare #CED #graybar #blazerelectric #synergyelectrical #electricalacquisitions

Ready to take the next step in expanding or relocating your business? Partner with GMJ for unmatched 𝘀𝗶𝘁𝗲 𝘀𝗲𝗹𝗲𝗰𝘁𝗶𝗼𝗻 expertise that goes beyond transactions, focusing on sustainable growth and enduring success. 🌍 Global Perspective Our 𝘀𝗶𝘁𝗲 𝘀𝗲𝗹𝗲𝗰𝘁𝗶𝗼𝗻 expertise extends beyond borders, ensuring your business finds the perfect location for growth on a global scale. 💡 Strategic Insight We don't just find sites; we craft strategies. GMJ guides you through the complexities of workforce availability, transportation infrastructure, cost analysis, and more, empowering you to make informed decisions. 📈 Proven Success The $30 billion in negotiated projects is not just a number – it represents our commitment to driving success for our clients. Join the ranks of businesses that have flourished under our strategic site selection guidance. 📝 Tailored Solutions One size doesn't fit all. GMJ understands the unique needs of each business. Our tailored solutions ensure your site selection aligns seamlessly with your objectives, ensuring long-term success. Connect with us today at gmjinc.com/contact and let's chart the course to your business's prosperous future! #SiteSelection #BusinessExpansion #StrategicPlanning #Consultant #StrategicGrowth #GMJ