X

Thank you for sharing!

Your article was successfully shared with the contacts you provided.

SEATTLE, WA-The engineering arm of locally based Egis Real Estate Services has been acquired by Service Logic, a privately held Denver-based amalgamation of mechanical services firms through the US. Service Logic provides HVAC, mechanical and elevator services to more than 12,000 clients across the US, generating annual revenues of $250 million.

The Egis unit will join forces with PSR – HVAC & Mechanical Services, another locally based company that Service Logic acquired in March 2008, while retaining their individual branding, according to a statement from Egis. PSR president Rob Miller says its acquisition by Service Logic has resulted in the growth of its mobile service contracts and project work.

Both companies expect to hire additional staff as a result of this transaction. “That is saying a lot about our product and service offerings considering the current state of the economy,” says Egis Engineering president Tom Ripley.

Under today’s agreement, Egis Engineering will operate as Egis Real Estate Services Inc., and retain current employees and clients. The balance of the founding company will continue to provide property and construction management services to clients in the greater Puget Sound.

Want to continue reading?
Become a Free ALM Digital Reader.

Once you are an ALM digital member, you’ll receive:

  • Unlimited access to GlobeSt and other free ALM publications
  • Access to 15 years of GlobeSt archives
  • Your choice of GlobeSt digital newsletters and over 70 others from popular sister publications
  • 1 free article* every 30 days across the ALM subscription network
  • Exclusive discounts on ALM events and publications

*May exclude premium content
Already have an account?

Dig Deeper

GlobeSt

Join GlobeSt

Don't miss crucial news and insights you need to make informed commercial real estate decisions. Join GlobeSt.com now!

  • Free unlimited access to GlobeSt.com's trusted and independent team of experts who provide commercial real estate owners, investors, developers, brokers and finance professionals with comprehensive coverage, analysis and best practices necessary to innovate and build business.
  • Exclusive discounts on ALM and GlobeSt events.
  • Access to other award-winning ALM websites including ThinkAdvisor.com and Law.com.

Already have an account? Sign In Now
Join GlobeSt

Copyright © 2021 ALM Media Properties, LLC. All Rights Reserved.