CHARLOTTE, NC: ENLIGN Business Broker Joe Vagnone and Scale Finance Director Roger Portaro announce the successful partnership buyout of IRV Plumbing & Electric, a corporate finance transaction involving a complex negotiation between partners, creative deal structuring, and securing two separate debt facilities in order to finance the deal. A unit within Wells Fargo has partnered with IRV in providing the financing.
ENLIGN and Scale Finance advised the three owners of IRV Plumbing & Electric on this strategic partnership and corporate finance transaction from beginning to end. Specific terms have not been disclosed.
“Intercompany buyouts are especially very challenging and require very experienced, sensitive negotiation skills.” – Joe Vagnone
About IRV Plumbing
Charlotte-based IRV Plumbing & Electric is a full service plumbing and electrical services contractor that has successfully served the Charlotte, NC region for decades. With over 100 years of combined experience, IRV’s technicians offer exceptionally skilled service across a broad spectrum of residential and commercial needs, e.g. tankless water heater installation, drain repairs, backflow prevention, leak detection, pipe inspection, sump pump maintenance, sewer and drain service, gas lines, lighting installation, generator installation and maintenance, electrical repairs, etc. IRV has earned a well-known reputation for prompt, reliable service every time.
About ENLIGN Business Brokers
ENLIGN Business […]