A Monmouth County heating, ventilation and air conditioning company has acquired an installation and repair contractor located in Burlington, it announced Tuesday.
AEMS Service Co., based in Tennent in Manalapan Township, bought RAM Services Inc., which does business as ServicePlus, for an undisclosed amount, it said in a news release.
“Our customers principally care about quality of work and responsiveness, and the acquisition of ServicePlus allows us to build on the AEMS platform on both those measures,” AEMS General Manager Michael Ruberto said in a prepared statement. “We welcome the ServicePlus team to ours, and look forward to a successful integration and partnership.”
Both companies will continue to operate under their current brands, with the ServicePlus employees remaining with the firm in their current roles. Founder Joe Landis will transition from day-to-day operation of the business to a strategic advisory role, AEMS added.
“AEMS’ plan of keeping the brand intact, retaining all key employees, maintaining the office location, while at the same time investing in sales and marketing and automation to accelerate growth and efficiency is exactly what my company needs at the current time,” Landis said in a statement. “I am excited for the future of the business I have built, very happy for my employees and look forward to partnering with the AEMS team as we together seek to grow the combined businesses and continually strive to provide an unsurpassed level of service to our customers.”
AEMS is owned by Asteroid Operating Co. Inc., an investment vehicle created by Princeton-based private investor Sudeep Das. Asteroid is focused on acquiring U.S.-based, founder-owned mechanical contracting businesses.
“The acquisition of ServicePlus brings to AEMS a much-needed base in South Jersey,” Das said in a statement. “… We are actively seeking and evaluating several other acquisitions and remain very focused on our broader strategic plan, which is to build a diversified commercial and residential energy services business that has the ability to be a one-stop shop for our customers.”