Young Electric Services in Taunton, MA is Sold!
Taunton, MA – Coastal M&A is pleased to announce the successful Sale of Young Electrical Services Inc. located in Taunton, MA. The electrical contractor has been servicing their residential, commercial, and industrial customers for over 30 years.
Licensed in Massachusetts and Rhode Island, the company employs over 70 employees.
The business was acquired by Young Electrical Holdings, Inc. (a Delaware Company), a division of HomeX, with headquarters in Chicago, IL.
HomeX is designed to improve the complex and fragmented home services industry by providing one-stop shop for virtual issue diagnosis, expert-guided repairs, and home management education. This approach gives customers the flexibility and control to either fix themselves or connect with a HomeX expert to resolve the issue together. Services include maintenance assistance with plumbing, HVAC, electrical, and appliances.
When an expert is required to make a home visit, HomeX provides clients with only the most reputable New England businesses including GEM Plumbing in Lincoln, RI, Victory Heating in Bellingham, MA, and GM Refrigeration in Fall River, MA.
As HomeX expands into the Mid-West, the umbrella of reputable local businesses will also expand in order to provide the highest quality and most efficient services available in the area.
The transaction closed on April 1, 2022, and terms were undisclosed.
The Seller was represented by Kevin A. Nery, CBB, LCBI, M&AMI, President of Coastal M&A.