Mergers & Acquisitions and Private Companies and Contractors and Deals and Construction and Real Estate & Retail

Local contractor Enterprise acquires Freije

August 28, 2009

Indianapolis-based Enterprise Electrical & Mechanical Co. has acquired The Freije Company, a 50-year-old local firm that specializes in refrigeration-systems design, installation and service.

Terms of the deal, announced today, were not disclosed.

Enterprise, which has more than 200 employees, said it will keep 25 of Freije's 50 employees and consolidate operations into Enterprise's facilities near 96th Street and Interstate 69.

Enterprise has designed and installed mechanical, electrical and plumbing systems for customers in 20 states. Its annual revenue tops $65 million.

Enterprise said the acquisition will bring it expanded design and service capabilities, including more expertise in engineering, building, and servicing cold-storage facilities used by food-distribution customers.

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