Miller Johnson Represents IKON EFS in Sale to SitelogIQ, Inc.
THE TRANSACTION
In June 2023, Maintenance Resource, Inc. d/b/a IKON EFS (IKON) was sold to SitelogIQ, Inc. After multiple acquisitions and the formation of several new divisions over its 24-year history, IKON consolidated its operating entities into a single corporate entity in 2018.
“We are thrilled to join forces with SitelogIQ,” said John Weeber, shareholder of IKON. “Our shared values and vision for reliably delivering high impact building improvements for our customers make this a natural fit. We are excited about the opportunity to leverage SitelogIQ’s resources, infrastructure, and expertise to be an even better partner to our customers.”
Miller Johnson acted as legal advisor to IKON in the transaction. Miller Johnson’s team was comprised of Michael Penny (M&A), Dustin Daniels (M&A), Alex Kaminski (M&A), Hunter Reams (Tax), Jeff Gray (Employee Benefits), Tripp VanderWal (Employee Benefits), and Brandon Griffith (IP).
Grand Rapids, Michigan based investment bank Charter Capital Partners served as the exclusive M&A financial adviser to IKON for the transaction.
IKON EFS
(ikonefs.com) Headquartered in Grandville, Michigan with locations in Atlanta, Denver, Grand Rapids, Los Angeles, Houston, and Phoenix, IKON is a national provider of energy and facility solutions for automotive dealerships, retail restaurant groups, healthcare, hospitality, and industrial warehouse market segments.
SitelogIQ, Inc.
(sitelogiq.com) SitelogIQ, Inc. designs and delivers building improvement programs that integrate lighting, EV charging, HVAC, controls, on-site solar, battery storage, and water efficiency for commercial and industrial real estate owners.
MILLER JOHNSON’S MERGERS AND ACQUISITIONS GROUP
Miller Johnson’s M&A practice group collaborates with clients and their advisors to structure, negotiate and close deals, and to navigate the challenges that can arise in mergers, acquisitions, dispositions, and other business combination or investment transactions.
Miller Johnson is top listed for mergers and acquisitions with U.S. News & World Report’s Best Law Firms and is ranked by Chambers USA. At The M&A Advisor’s national awards and the ACG M&A Deals and Dealmakers regional awards, our attorneys are consistently involved in deals honored as winners and finalists. For further information, please contact Dustin Daniels at (616) 831-1737 or Michael Penny (616) 831-1768
