SARS Set To Acquire T.A. Brinkoetter
June 11, 2009 (FinancialWire) — SARS Corp. (OTC: SARO) (”SARS” or “company”) has executed a letter of intent and a mutual agreement on the terms of an asset purchase agreement with T.A. Brinkoetter & Sons, Inc., a Delaware corporation.
TAB specializes in industrial, residential and commercial HVAC systems, as well as plumbing, piping and necessary fixtures. SARS’ contemplated acquisition of TAB’s assets will be pursuant to a U.S. Bankruptcy Code Section 363 Sale by an Illinois U.S. Bankruptcy Court. SARS and TAB intend to execute the definitive APA upon bankruptcy court approval and the closing is to occur at the 363 Sale.
Geoff Meagher, interim CEO of SARS states: “We’re excited to further add to the growing platform of capabilities of SARS. This acquisition opportunity will enhance our already broadened reach into the facilities monitoring and controls marketplace.” Said Frank Bonadio, incoming chief executive officer of SARS: “We expect that TAB’s assets will enhance our ability to succeed in the systems installation and monitoring business.”
SARS is an asset management and control systems contracting and services company, providing design and sales, installation services, and monitoring software to building owners and operators.
T.A. Brinkoetter & Sons, Inc. provides services for industrial, residential and commercial HVAC systems as well as plumbing, piping and necessary fixtures.
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