InnoVen Services, a Dallas, TX-based provider of a platform specializing in HVAC, plumbing, and electrical services, received a term loan investment from Applied Real Intelligence.
The amount of the deal was not disclosed.
The company intends to allocate the amount to support its acquisition-driven roll-up strategy, focused on consolidating the residential services market.
Founded in 2022 and led by CEO Godson Udeh, InnoVen Services leverages technology to consolidate HVAC, plumbing, and electrical services. The company streamlines operations, enhance customer service, and build a scalable, integrated home services platform across Texas and the broader Southwest region.
InnoVen has already acquired nine businesses in key markets, including Dallas-Fort Worth and Hill Country, positioning itself as a market leader in the region.
FinSMEs
13/11/2024