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Southern Home Services completes acquisition of David Gray Electrical, Plumbing, Heating & Air, enhancing service capabilities

Apr 30, 2024•over 1 year ago

Acquiring Company

Southern Home Services

Acquired Company

David Gray Electrical Plumbing Heating & Air

MaitlandBuilding MaintenanceConstruction

Description

Southern Home Services, an operator of leading home service companies, has successfully acquired David Gray Electrical, Plumbing, Heating & Air. This strategic acquisition strengthens Southern Home Services' presence in Florida and enhances its ability to deliver unparalleled service and expertise to the Jacksonville community, aligning with its mission to be the premier provider of comfort, safety, and energy solutions for homeowners.

Company Information

Company

Southern Home Services

Location

Maitland, Florida, United States

About

Southern Home Services, a trusted provider of comprehensive heating, air conditioning, plumbing, and electrical services across the United States, has been enhancing home comfort and safety since 2016. Our certified professionals deliver quality solutions with exceptional customer service, upholding our core values of trust, integrity, and southern charm. We are dedicated to ensuring your home systems operate smoothly, offering reliability and peace of mind in every season. For more information, visit www.southernhomeservices.com.

M&A Insights

Based on deal data
Integration timeline
70% of M&A integrations take 12-24 months to complete
Tech stack consolidation
83% of merged companies consolidate technology vendors within first year
Post-acquisition investment
Companies increase IT spending by 23% on average after acquisitions
Success factor
M&A deals with strong technology integration plans are 2.5x more likely to succeed