Nearu Services Acquires Carolina Power And Generators, Bolstering North Carolina Presence And Expanding Platform'S Generator Business Segment
Acquiring Company
NearU
Acquired Company
Carolina Power and Generators
Description
NearU Services ("NearU"), a founder-led premier home services platform, today announced the acquisition of Carolina Power and Generators ("Carolina Power" or the "Company"), a reputable and longstanding provider of generators and electrical services, located in Carthage, NC. The acquisition of Carolina Power—coupled with NearU's April 2021 acquisition of Carolina Air—strengthens the platform's presence in the Sandhills region of North Carolina. In addition, the acquisition reflects the platform's deliberate focus on strategically and quickly expanding its service capabilities for existing customers by tapping into adjacent home service segments such as the redundant power supply and plumbing segments.
Quick answer
NearU is acquiring Carolina Power and Generators and Carolina Power and Generators, announced January 14, 2022.
- How much did NearU pay for Carolina Power and Generators?
- The deal value was not disclosed.
- What does NearU do?
- NearU is an employee and customer-centric provider of essential home services with a focus on HVAC, plumbing, and electrical services.
Source: Fundz verified event record.
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Frequently asked
Who acquired Carolina Power and Generators?
Carolina Power and Generators was acquired by NearU. The deal was reported on January 14, 2022. NearU is an employee and customer-centric provider of essential home services with a focus on HVAC, plumbing, and electrical services. NearU is privately held.
When did NearU acquire Carolina Power and Generators?
NearU's acquisition of Carolina Power and Generators was reported on January 14, 2022. Fundz records the date the transaction was first publicly reported, sourced from filings and company announcements.
What does Carolina Power and Generators do?
For over 30 years, Carolina Power and Generators has provided the Sandhills region of North Carolina with generator installation and electrical services. It is privately held, operating in Government And Military.
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