ABC Home Services has been acquired by IGS Energy

Copper Run advised ABC Home Services – headquartered in Columbus, Ohio, specializes in home warranty services throughout the Central Ohio market. IGS Energy, headquartered in Dublin, Ohio, is a $1 billion revenue natural gas and electricity provider.

On working with Copper Run, Tim Morbitzer, President of ABC said, “We appreciate the dedication and guidance provided by Copper Run throughout the entire transaction process. We were initially approached by a large national player in our industry and engaged Copper Run to assist us in those discussions. While engaging in those negotiations, Copper Run also presented a few other buyers that they had researched and thought could be good acquirers. One of those companies was IGS who had recently entered the home warranty business, and despite being headquartered a few miles from our office, we had not considered. Ultimately with Copper Run’s assistance we were able to close a transaction for a premium price and found a great home for our employees and ABC. Andy and the Copper Run team’s counsel, guidance, advice, and hard work were invaluable and key to completing this transaction.”

Carlile Patchen & Murphy served as ABC’s counsel and Taft Stettinius & Hollister served as IGS’ counsel.