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Southern HVAC Corp. d/b/a Southern Home Services (Southern) announced the acquisition of M.E. Flow Inc. (ME Flow) on Monday, Oct. 31. Since 1951, ME Flow has provided customers throughout northern Virginia and parts of West Virginia with top-rated heating, air conditioning and plumbing maintenance, repair, and replacement services.
"I'm proud of the enterprise we've built here at ME Flow over the past few decades. As a third-generation, family-owned business looking to grow, we decided it was time we brought on a new partner to assist us with our growth plans," said Scott Goulet, president and CEO of ME Flow. "When selecting a partner, we knew we wanted to find someone that would honor our legacy and respect the customer and employee relationships we've built over the past 70-plus years. We are confident we found that partner in Southern Home Services."
"My sister, Michelle, and I are both planning on staying involved in the business alongside Southern. We live and work in northern Virginia and are thrilled to see Southern continue to build on the ME Flow reputation to provide additional services to our customers and additional opportunities to our valued employees."
Southern Home Services intends to promote the ME Flow brand throughout Virginia and West Virginia and will look to expand the reach of the Company over the next several years.
"Throughout this process, we have had the opportunity to meet Southern's entire leadership team," Goulet said. "Since we've signed on, I've seen first-hand the systems, training and focus they provide to their employees. With the backing of Southern, I'm confident our management team will continue to see sustained success and growth all while making sure the customer comes first."
"We are thrilled to partner with a best-in-class brand like ME Flow. This is our first acquisition in the Virginia market, and we could not have chosen a better company to start building our mid-Atlantic presence," said Jarrod Brinker, chief strategy officer at Southern Home Services. "Over the next few months, we intend to invest in additional technology, training, and resources for the team at ME Flow. We look forward to a bright future here in Virginia."
Michael Price, of First Mergers Group LLC, served as exclusive sell-side advisor to ME Flow Inc's shareholders.
"I'm pleased with the combination that we helped facilitate and feel strongly that this was the best outcome for ME Flow, Southern, and the customers and employees of the business," he said.
Peter Klein served as exclusive legal advisor to ME Flow. Nelson Mullins Riley & Scarborough served as exclusive legal advisor to Southern.
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