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JES, Tar Heel Basement Systems Merge to Expand Services in North Carolina.

M2 EQUITYBITES-November 24, 2017-JES, Tar Heel Basement Systems Merge to Expand Services in North Carolina

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24 November 2017 - Virginia, US-based foundation repair company JES Companies has combined with North Carolina, US-based a foundation repair business Tar Heel Basement Systems, the company said.

Terms of the transaction were not disclosed.

The merger of the companies forms a partnership to deliver foundation repair, basement waterproofing and crawl space moisture control services throughout North Carolina.

JES said it plans to infuse financial, operational and human capital to accelerate Tar Heel's growth, augmenting their ability to provide the highest level of service to their customers.

Tar Heel Basement Systems will continue operating under its existing brand and will continue to be run by its current staff. A new corporate identity program, which will include a new logo, website, marketing materials and fleet vehicles, will occur in 2018.

JES Companies specialises in residential foundation repair, crawl space encapsulation, basement waterproofing, and concrete lifting. It is comprised of JES Foundation Repair, JES Evergreen, Indiana Foundation Service, and Mount Valley Foundation Services.

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Publication:M2 EquityBites (EQB)
Geographic Code:1U5NC
Date:Nov 24, 2017
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