Ivey’s Plumbing and Electrical
Company was founded in 1947 by Mr. Kermit Ivey in
Kosciusko, Mississippi. The small repair shop
focused on residential and small commercial
construction. The company continued on a steady
growth pattern with annual sales that approached a
half-million dollars by 1958.
It was in this year that the founder’s son, Marlin,
joined the partnership with his father. The
partnership was based upon
an agreement to shift the marketing focus from
residential to commercial projects.
The first major commercial job the company acquired
was the electrical contract for the new East and
West Side Elementary Schools in Kosciusko. During
the sixties, the company was a major player in
mechanical construction throughout the state of
Mississippi. Ivey’s participated in numerous major
projects, including the Twin Towers construction on
the campus of the University of Mississippi at
Oxford in 1968. Ivey’s was building a quality
reputation, which later served as the key value that
led to progress and expansion.
The name Ivey’s Plumbing and Electrical Company was
changed in 1969 to Ivey’s, Inc. shortly after Kermit
Ivey’s death. By this
time, the growth mode had been well established. In the
early 70’s, Ivey’s took a new direction when the
local markets dried up. They secured a major project with the
federal government for barracks work at Keesler Air
Force Base in Biloxi,
Mississippi.
This proved to be a significant turning point for
the company and a beginning of geographical
expansion. Marlin Ivey began
to shape the company’s philosophy of going where the
work was, which eventually led to opening offices
throughout the Southeast in order to be able to
better service customers through a more local
approach.
In the seventies, contract work with the military
began to decline. Ivey’s responded by obtaining a
number of
government contracts in several states performing
mechanical work on a variety of government
buildings.
In 1973, Ivey’s took on their first V. A.
hospital project. Through the mid-seventies, Ivey’s
work was approximately 90%
government work. Through this work, Ivey’s became
associated with a number of prime contractors for
medical facilities.
By the late seventies as government work slowed. Ivey’s was
positioned to move toward private
hospital contracting.
In 1990, J. Marlin Ivey stepped down as Board
Chairman and his son, Joe Ivey, took over controls
of what had become one of the largest mechanical
contractors in the country.
The daily operations were managed by President Larry Terrell. The name of the company
was changed to Ivey Mechanical Company, Inc. to
facilitate the change in management and ownership.
During the nineties, the company grew in
revenue from $50 million to over $140 million.
With the late nineties came a wave of consolidations
within the industry. Ivey Mechanical Company was one
of the first mechanical contractors to consolidate
as part of Building One Services in September of
1998. Joe Ivey became President of the mechanical
group and several months later became CEO of
Building One Services. Larry Terrell continued to
serve as President of Ivey Mechanical Company, as a
Building One Services Company.
In February of 2000, Building One Services
Corporation and Group Maintenance America Corp.
merged to create Encompass Services Corporation, a
$4 billion company. Joe Ivey served as CEO of
Encompass Services Corporation. Larry Terrell
continued as President of Encompass Mechanical
Services Southeast, Inc., which included the Ivey
companies plus nine additional mechanical operations
in the southeast.
Due to a slumping economy and too much internal debt
accumulated from acquisitions, Encompass
filed chapter 11
bankruptcy in November of 2002.
In January of 2003, Larry Terrell along with key
management successfully acquired Ivey Mechanical
Company from
Encompass and now operates as Ivey Mechanical
Company, LLC. Today, Ivey operates with a healthy
balance sheet and budget revenues exceeding
$200 million.