Ideal Appliance Advisory
a leading B2B supplier of HVAC equipment and supplies, appliances and servicing parts
has been advised by
Background
- Evangeline Securities (“Evangeline”) was engaged by Ideal Appliance Parts Inc. (the “Company”), headquartered in Metairie, LA, in a financial advisory capacity to evaluate strategic alternatives and growth strategies for the business
- The Company, owned for nearly a half century by current ownership (the “Owners”), is a leading B2B supplier of HVAC equipment and supplies, appliances and servicing parts to the property development and management industry of the Gulf South
- The Owners requested that Evangeline explore a wide variety of growth strategies and avenues to optimize its position for continued success, sensibly addressing the ever-changing market and volatile economic conditions
Process
- Evangeline evaluated multiple options for growth including acquisition(s), online enhancement and geographic expansion
- Evangeline worked on a daily basis (e.g., frequent in-person/video/audio meetings) with the full Ideal Appliance team to delve into granular detail and data to ultimately decide upon a clear and logical path for the Company
Result
- The Company immediately began to implement Evangeline’s recommendations, allowing the Company to expedite growth and pursue several innovative ideas
- Per CEO Donna Joseph, Evangeline’s “outstanding due diligence, relentless work ethic and innovative analysis provided our family business with exceptional tools for maximum growth. We were extremely grateful for Evangeline’s assistance and look forward to working with the Evangeline team for the foreseeable future”