IES Sells Two Electrical Contracting Businesses For $7.5 Million

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

IES said it sold substantially all of the assets of two of its commercial business units for a sale price of approximately $7.5 million in cash. IES said in October it planned to divest several commercial businesses.

The two businesses IES sold are Britt Rice Electric Inc., College Station, Texas; and Delco Electric Inc., Oklahoma C

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