MMC Corp recently announced the acquisition of Stroh Corporation. PCE Investment Bankers sourced the acquisition and served as financial advisor to MMC Corp. Stroh is a union mechanical and electrical service and construction company based in Des Moines, Iowa. With a strong reputation in Iowa for both its mechanical and electrical services, Stroh brings a strong background, solid client base, and increased resources to the MMC Corp family of companies.
“We have evaluated several potential acquisitions over the past 12 months, and Stroh provided us with all of the things we are looking for in a fit for our company and alignment with our strategic growth goals. Their leadership team, their location, services, and reputation all played a huge factor, and I am confident this acquisition makes us stronger,” said Tim Chadwick, President and CEO of MMC Corp.
PCE’s Michael Rosendahl stated “The acquisition of Stroh meets a number of MMC Corp’s strategic goals. Stroh’s strong presence in Iowa will provide for a natural expansion of MMC Corp’s current business in the region.”
Will Stewart of PCE added “MMC Corp’s leadership as an employee-owned construction company will benefit Stroh as the company continues to grow. This acquisition is a win for the employees and customers of both companies.”
MMC Corp’s Chadwick continued “We appreciate PCE’s efforts in helping us identify and execute on this transaction. They were a valuable partner throughout the process.”
Stroh Corporation will continue to operate out of its office in Des Moines providing mechanical, electrical, plumbing, and energy services to its clients throughout Iowa.
About MMC Corp: Founded in 1932, MMC Corp is based in Overland Park, Kansas, and operates as a national commercial construction services company with three core brands: MW Builders, MMC Contractors, and Countywide Mechanical Systems. MMC Corp is a 100% employee-owned organization with 1,200 employees nationwide. Find out more atwww.mmccorp.com.