IES Sells Electrical Contracting Business

Integrated Electrical Services, one of the largest contractor roll-up firms in the 1990s, has sold another electrical contracting business.

IES said it sold substantially all of the assets of one of its commercial business units for a sale price of approximately $3.5 million in cash. IES said last October it planned to divest several commercial businesses.

The business IES sold is Ace/Putzel Electric Inc., Macon, Ga. The sale of Ace/Putzel follows the sale of two other commerc

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