Yesterday, EGPI Firecreek, Inc. announced that it has signed a letter of intent to acquire a privately owned electrical construction company based in Georgia. With the acquisition, EGPI anticipates a continued strengthening of its vertical structure within the DOT construction industry. To date, significant synergies exist within EGPI’s portfolio of already acquired companies and potential candidates.
To date, EGPI Firecreek has been successful in completing every Letter of Intent it has signed this year. With two already completed acquisitions and two LOI’s currently in the due diligence process, EGPI has demonstrated a consistent ability to find, sort and analyze potential acquisition targets while structuring, negotiating and completing technical acquisitions that have had a tremendous impact on its growth, operations, asset accumulations and shareholder value.
The Georgia based company, which was founded in 1993, maintains one of the most creditable reputations within the state for its outstanding customer satisfaction and support. Today, the company counts itself among the most comprehensive and competitive electrical contractors in the Southeastern United States. The company provides commercial and residential services, currently averaging 2,000 units per year, including a multitude of multi-million dollar homes. They also offer a 24 hour service department committed to excellence.
Dennis Alexander, EGPI Firecreek, Inc., Chairman and CEO, stated, “We are very impressed with this latest acquisition candidate and look forward to expeditiously completing the due diligence phase of the acquisition process so that we can add this wonderful company to our fast growing EGPI Firecreek ITS division.” He also stated, “We have both the vision and foresight of being a major player in the DOT construction industry. Because we have proven our abilities to negotiate the very best acquisitions on behalf of our shareholders, close attention should be paid to our future announcements when dealing with our new and more aggressive acquisition campaign.”
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