H.B. McClure acquires REMCO's residential division

Harrisburg-based H.B. McClure Co., one of the largest commercial and residential mechanical contractors in Central Pennsylvania, is expanding its regional reach thanks to a competitor.

The company today announced that it has acquired the residential division of REMCO Inc., based in Silver Spring Township. REMCO recently decided to focus solely on its commercial and industrial service and construction business.

Jeri Donadee, H.B. McClure's vice president, said the deal  took effect this week and adds a couple thousand residential customers in the area. No employees will be moving over from REMCO.

REMCO's residential division primarily covers Cumberland, Dauphin and York counties. It's the 12th acquisition for H.B. McClure since 2010, Donadee said. Most of the deals were done as part of succession plans at the acquired companies.

H.B. McClure is a growing employee-owned company, which entices owners who are looking to get out of the business but want to give their employees opportunities for advancement.

"A lot of folks are looking at succession planning on a generational basis," Donadee said.

"Sometimes we're a good vehicle for them to get that done. That's independent of the short-term political changes or economic stuff."

H.B. McClure has grown to about 520 employees. Donadee said he expects the company will add up to 50 additional employees across its territory to meet demand over the next year.

"We're always looking for seasoned service people," he said. "And we have a good training program for people new to the field."

And the company, which expects to finish the year around $70 million or $75 million in revenue, is always looking to expand its territory. Donadee pointed to York County, where the company has made acquisitions.

Ideally, he said officials would like to grow more in the Philadelphia region.

H.B. McClure's last major acquisition came in 2014 when it added I.T. Landes & Son Inc., a Montgomery County-based mechanical services firm with 110 employees.

Terms of the REMCO deal were not disclosed. REMCO officials were not immediately available for comment.

Source: Central Penn Business Journal