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ARS buys AJ Perri.

M2 EQUITYBITES-September 8, 2014-ARS buys AJ Perri

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8 September 2014 - US heating, air conditioning and plumbing services provider American Residential Services LLC (ARS) announced the acquisition of domestic peer AJ Perri Inc without elaborating on financial details.

Tinton Falls, New Jersey-based AJ Perri has a strong presence in the central and northern counties of its home state, the buyer said. The transaction provides ARS with access to the New Jersey market and will allow the company to accelerate its expansion into neighbouring northern markets, said ARS chief executive Don Karnes.

ARS offers many growth opportunities for AJ Perri and the combined efforts of the two companies will allow the target to enhance customer services and employee satisfaction, said AJ Perri general manager Kevin Perri.

ARS is a portfolio company of US private equity group Charlesbank Capital Partners LLC.

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Publication:M2 EquityBites (EQB)
Geographic Code:1U2NJ
Date:Sep 8, 2014
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