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IHS Holdings

Full company profile

uuid0003kx1

Namestring
IHS Holdings
Legal namestring
IHS Holding Limited
Company typeenum
Public
Founded yearint
2020
Operating statusenum
Operating
Ownership categoryenum
Headcount rangeband
101–250
akta.pro rankint
HeadquartersSalt Lake City, United States
HQ citystring
Salt Lake City
HQ countrystring
United States
HQ regionstring
North America
Markets served

Serves global market

Keyword5 values
home services platform, HVAC services, plumbing services, electrical services, residential trades
Industry1 code
1Hard Services (MEP/HVAC, Electrical, Plumbing)
CodeBPABAAAAPrimaryYes
NAICS code2 codes
  • Plumbing, Heating, and Air-Conditioning Contractors238220
  • Offices of Other Holding Companies551112
SIC code1 code
  • Services-To Dwellings & Other Buildings7340
Product category
Residential Home Services
Social media profiles1 record
GTM motion1 record

Each record includes

Type, Description, Source

Revenue model1 record
1Tower Leasing
TypeSubscription Recurring
Description

IHS Holding generates revenue primarily through leasing tower infrastructure to mobile network operators under long-term contracts. The company operates as a passive tower infrastructure provider, with towers leased to multiple tenants including MNOs like MTN.

zawya.com
Marketing channels2 records

Each record includes

Title, Type, Stage, Description, Source

Distribution channels1 record

Each record includes

Title, Type, Scope, Target buyer, Description, Source

Cost components4 values
Personnel, Operations, Marketing or Sales, Technology or R&D
GTM typeB2B
B2B
Offering typeServices
Services
Core offering1 text field

Intermountain Home Services (IHS Holdings) is a home services holding company that acquires and partners with founder-led U.S. residential service businesses in HVAC, plumbing, electrical, and related trades. It supplies partner brands with capital, leadership development, operational systems, and shared back-office resources (legal, accounting, marketing, technical training) while preserving each brand's identity and customer relationships. End customers are homeowners in Utah and Idaho receiving HVAC, plumbing, electrical, and water/air services from brands such as Walker, Superior Water & Air, SameDay, Master, Diamond, Comfort Solutions, and Beehive.

Differentiator
Functional benefit
Problem solved
Quantifiable outcome1 of 2 values shown
  • Reduced net debt by $154 million during 4QFY25 strategic cleanup
+1 more record
Product overview1 text field

IHS Holdings is a telecommunications tower infrastructure company providing passive tower infrastructure across Africa, the Middle East, and Latin America. The company operates tower sites leased to mobile network operators and has been divesting non-core assets in preparation for MTN Group's acquisition. The company has sold tower operations in Brazil and Colombia to Macquarie Asset Management and exited its I-Systems fiber network stake in Brazil to TIM S.A.

Product and service7 records
1Walker (HVAC and home services brand)
CategoryHVAC services
Description

Residential HVAC and home services delivered to homeowners in Utah and Idaho as part of the Intermountain Home Services platform.

2Superior Water & Air
CategoryWater and air services
Description

Residential water treatment and air quality services delivered to homeowners in the Intermountain Home Services footprint.

3SameDay (home services brand)
CategoryHome services
Description

Residential home services offered to homeowners under the SameDay brand within the Intermountain Home Services platform.

4Master (home services brand)
CategoryHome services
Description

Residential home services delivered under the Master brand within the Intermountain Home Services platform.

5Diamond (home services brand)
CategoryHome services
Description

Residential home services delivered under the Diamond brand within the Intermountain Home Services platform.

6Comfort Solutions (home services brand)
CategoryHVAC services
Description

Residential HVAC and comfort services delivered under the Comfort Solutions brand within the Intermountain Home Services platform.

7Beehive (home services brand)
CategoryHome services
Description

Residential home services delivered under the Beehive brand within the Intermountain Home Services platform.

Scale indicator8 records

Each record includes

Type, Value, Description, Source

Partnership1 partner
Strategic tierMajorTypeChannel Partner/ Reseller/ DistributorAnnounced on2026-02-16
Description

TIM S.A. acquired IHS's 51% stake in I-Systems, a Brazilian fiber network provider, for $452.6 million, resulting in IHS's exit from the Brazilian fiber sector.

Recent move7 records

Each record includes

Date, Type, Title, Description, Source

Expansion highlight4 records

Each record includes

Type, Description

Peers10 records
TypeDirect peer
Description

PE-backed HVAC, plumbing, and electrical services roll-up across the US Southeast. Operates essentially the same multi-brand platform model — acquiring founder-led home services businesses and adding shared services — making it the closest comparable.

TypeDirect peer
Description

Multi-brand home services platform (Ben Franklin Plumbing, One Hour Heating & Air, Mr. Rooter, Mr. Electric, etc.). Closely comparable business model of acquiring and operating branded home services franchises and company-owned locations.

TypeDirect peer
Description

Largest home services franchise platform (Mr. Electric, Rainbow International, The Grounds Guys, etc.). Comparable multi-brand portfolio approach across residential trades, though with a heavier franchise-driven model.

TypeDirect peer
Description

HVAC and plumbing roll-up operating multiple regional brands across the US. Directly comparable in target verticals (HVAC/plumbing) and in acquiring and operating regional service brands under a shared corporate platform.

TypeDirect peer
Description

Multi-brand home services franchise platform focused on home improvement services. Comparable in building a branded home services portfolio through acquisitions and franchise development.

TypeDirect peer
Description

Home services roll-up focused on bath, windows, and home remodeling categories. Comparable platform acquisition model targeting fragmented home services markets and building multi-brand density.

TypeRegional player
Description

HVAC, plumbing, and electrical services provider concentrated in Florida. Comparable services and customer base, but operates in a different regional geography and has not pursued a multi-brand roll-up at IHS's scale.

TypeRegional player
Description

HVAC and plumbing services company focused on Southern California. Comparable HVAC/plumbing service model but concentrated in a different regional geography; single-brand rather than multi-brand platform.

TypeBroad incumbent
Description

Large home repair and home services network offering service plans and dispatch across multiple trades. Operates in an overlapping home services space but with a broader, plan-driven business model rather than a roll-up of branded operators.

TypeBroad incumbent
Description

Established national HVAC franchise brand operating under Authority Brands. Comparable HVAC service offering but as part of a much larger franchise network with national scale and brand awareness that IHS has not yet built.

Market position
Strengths5 records

Each record includes

Headline, Details, Source

Weaknesses5 records

Each record includes

Headline, Details, Source

Competitive moat4 records

Each record includes

Type, Details

Key risks6 records

Each record includes

Headline, Details, Source

Key highlights7 records

Each record includes

Headline, Details, Source

Customer concentration

Classification, Details

Named customers3 records

Each record includes

Name, Industry, Type, Use case, Source, UUID

Segment1 record

Each record includes

Title, Type, Primary, Description, Pain point addressed, Use case, Source

Ideal customer profile1 record

Each record includes

Profile, Firmographic size, Sales motion, Sales cycle length, Buying structure, Purchase trigger, Buyer persona, Geography, Industry vertical, Primary use case, Description, Pain points, Evidence proof points, Target buyer

Technology focused
No
API detail
Has APIbool
No

Docs URL, Description

AI maturity
App detail

Has app

Core technology
Revenue estimate
Valuation estimate
Number of profiles
Subsidiaries2 records

Each record includes

Name, Acquired on, Relationship type, Type, Business focus

No data
Funding overview

Funding stage, Last funding date, Total funding USD

Funding rounds1 record

Each record includes

Round, Amount USD, Date, Pre money valuation, Total investors, Investors, News

Investors

Each record includes

Name, Type, Date of entry, Rounds participated, Website

Funding detail is available on the Subscription and Enterprise plan.Contact sales →

M&A

Each record includes

Name, Acquisition type, Announced date, Completed date, Status, Website, News

Investment

Each record includes

Name, Round, Announced date, Lead investor, Website, News

M&A and investment is available on the Subscription and Enterprise plan.Contact sales →

IHS Holdings

Residential Home Servicesjoinintermountain.com

IHS Holdings firmographics

Firmographics
Name
IHS Holdings
Legal name
IHS Holding Limited
Website
https://joinintermountain.com
Company type
Public
Founded year
2020
Operating status
Operating
Headcount range
101–250 employees
Ownership category
akta.pro rank

IHS Holdings industry classification

Industry
Product category
Residential Home Services
NAICS
Plumbing, Heating, and Air-Conditioning Contractors (238220), Offices of Other Holding Companies (551112)
SIC
Services-To Dwellings & Other Buildings (7340)
akta.pro primary industry
Hard Services (MEP/HVAC, Electrical, Plumbing) (BPABAAAA)

Keywords

  • Home services platform
  • HVAC services
  • Plumbing services
  • Electrical services
  • Residential trades

Where IHS Holdings is headquartered

Location

Headquarters

HQ city
Salt Lake City
HQ country
United States
HQ region
North America

Markets served

IHS Holdings business model

Business model
GTM type
B2B
Offering type
Services
Cost components
Personnel, Operations, Marketing or Sales, Technology or R&D

Revenue model

  1. Tower Leasing: IHS Holding generates revenue primarily through leasing tower infrastructure to mobile network operators under long-term contracts. The company operates as a passive tower infrastructure provider, with towers leased to multiple tenants including MNOs like MTN.

Go-to-market motion1 record

Distribution channels1 record

Marketing channels2 records

IHS Holdings product offering

Product offering

Core offering

Intermountain Home Services (IHS Holdings) is a home services holding company that acquires and partners with founder-led U.S. residential service businesses in HVAC, plumbing, electrical, and related trades. It supplies partner brands with capital, leadership development, operational systems, and shared back-office resources (legal, accounting, marketing, technical training) while preserving each brand's identity and customer relationships. End customers are homeowners in Utah and Idaho receiving HVAC, plumbing, electrical, and water/air services from brands such as Walker, Superior Water & Air, SameDay, Master, Diamond, Comfort Solutions, and Beehive.

Product overview

IHS Holdings is a telecommunications tower infrastructure company providing passive tower infrastructure across Africa, the Middle East, and Latin America. The company operates tower sites leased to mobile network operators and has been divesting non-core assets in preparation for MTN Group's acquisition. The company has sold tower operations in Brazil and Colombia to Macquarie Asset Management and exited its I-Systems fiber network stake in Brazil to TIM S.A.

Differentiator

Problem solved

Functional benefit

Products and services

  • Walker (HVAC and home services brand) Residential HVAC and home services delivered to homeowners in Utah and Idaho as part of the Intermountain Home Services platform.
  • Superior Water & Air Residential water treatment and air quality services delivered to homeowners in the Intermountain Home Services footprint.
  • SameDay (home services brand) Residential home services offered to homeowners under the SameDay brand within the Intermountain Home Services platform.
  • Master (home services brand) Residential home services delivered under the Master brand within the Intermountain Home Services platform.
  • Diamond (home services brand) Residential home services delivered under the Diamond brand within the Intermountain Home Services platform.
  • Comfort Solutions (home services brand) Residential HVAC and comfort services delivered under the Comfort Solutions brand within the Intermountain Home Services platform.
  • Beehive (home services brand) Residential home services delivered under the Beehive brand within the Intermountain Home Services platform.

Quantifiable outcome

  • Reduced net debt by $154 million during 4QFY25 strategic cleanup
  • +1 more outcomes

Companies that use IHS Holdings

Customer profile

Named customers3 records

Segments1 record

Ideal customer profiles1 record

IHS Holdings technology and API

Technology

Technology focussed No

API detail

Has API
No
API docs
API detail

Core technology

AI maturity

App detail

IHS Holdings partnerships and signals

Strategic signal

Partnerships

One partnership is on record.

  • TIM S.A.majorChannel Partner/ Reseller/ Distributor · 16 February 2026TIM S.A. acquired IHS's 51% stake in I-Systems, a Brazilian fiber network provider, for $452.6 million, resulting in IHS's exit from the Brazilian fiber sector.

Scale indicators8 records

Recent moves7 records

Expansion highlights4 records

IHS Holdings competitors and assessment

Company assessment

Direct peers

  • Apex Service Partners: PE-backed HVAC, plumbing, and electrical services roll-up across the US Southeast. Operates essentially the same multi-brand platform model — acquiring founder-led home services businesses and adding shared services — making it the closest comparable.
  • Authority Brands: Multi-brand home services platform (Ben Franklin Plumbing, One Hour Heating & Air, Mr. Rooter, Mr. Electric, etc.). Closely comparable business model of acquiring and operating branded home services franchises and company-owned locations.
  • Neighborly: Largest home services franchise platform (Mr. Electric, Rainbow International, The Grounds Guys, etc.). Comparable multi-brand portfolio approach across residential trades, though with a heavier franchise-driven model.
  • Wrench Group: HVAC and plumbing roll-up operating multiple regional brands across the US. Directly comparable in target verticals (HVAC/plumbing) and in acquiring and operating regional service brands under a shared corporate platform.
  • Homefront Brands: Multi-brand home services franchise platform focused on home improvement services. Comparable in building a branded home services portfolio through acquisitions and franchise development.
  • Renuity: Home services roll-up focused on bath, windows, and home remodeling categories. Comparable platform acquisition model targeting fragmented home services markets and building multi-brand density.

Regional players

  • CoolToday: HVAC, plumbing, and electrical services provider concentrated in Florida. Comparable services and customer base, but operates in a different regional geography and has not pursued a multi-brand roll-up at IHS's scale.
  • Service Champions: HVAC and plumbing services company focused on Southern California. Comparable HVAC/plumbing service model but concentrated in a different regional geography; single-brand rather than multi-brand platform.

Broad incumbents

  • HomeServe USA: Large home repair and home services network offering service plans and dispatch across multiple trades. Operates in an overlapping home services space but with a broader, plan-driven business model rather than a roll-up of branded operators.
  • One Hour Heating & Air Conditioning: Established national HVAC franchise brand operating under Authority Brands. Comparable HVAC service offering but as part of a much larger franchise network with national scale and brand awareness that IHS has not yet built.

Market position

Strengths5 records

Weaknesses5 records

Competitive moat4 records

Key risks6 records

Key highlights7 records

Customer concentration

IHS Holdings social profiles

Digital presence

IHS Holdings financial estimates

Financial estimate

Revenue estimate

Valuation estimate

IHS Holdings leadership team

Management profile

Number of profiles

IHS Holdings subsidiaries and ownership

Company hierarchy

Subsidiaries2 records

IHS Holdings funding detail

Funding detail

Funding overview

Funding rounds1 record

Investors

Funding detail is available on the Subscription and Enterprise plan.Contact sales →

IHS Holdings M&A and investment

M&A and investment

M&A

Investments

M&A and investment is available on the Subscription and Enterprise plan.Contact sales →

Frequently asked questions about IHS Holdings

What does IHS Holdings do?

Intermountain Home Services (IHS Holdings) is a home services holding company that acquires and partners with founder-led U.S. residential service businesses in HVAC, plumbing, electrical, and related trades. It supplies partner brands with capital, leadership development, operational systems, and shared back-office resources (legal, accounting, marketing, technical training) while preserving each brand's identity and customer relationships. End customers are homeowners in Utah and Idaho receiving HVAC, plumbing, electrical, and water/air services from brands such as Walker, Superior Water & Air, SameDay, Master, Diamond, Comfort Solutions, and Beehive.

Is IHS Holdings a public or private company?

IHS Holdings is a public company. It is classified as venture growth investor backed and is currently operating.

When was IHS Holdings founded?

IHS Holdings was founded in 2020. It employs 101 to 250 people.

Where is IHS Holdings based?

IHS Holdings is headquartered in Salt Lake City, United States, in the North America region.

How does IHS Holdings make money?

One revenue line is on record: tower Leasing.

Who are IHS Holdings's main competitors?

Direct peers on record are Apex Service Partners, Authority Brands, Neighborly, Wrench Group, Homefront Brands and Renuity. Regional players are CoolToday and Service Champions. Broad incumbents are HomeServe USA and One Hour Heating & Air Conditioning.

Does IHS Holdings have an API?

No public API is recorded for IHS Holdings.

What industry is IHS Holdings in?

IHS Holdings's product category is Residential Home Services. Its primary akta.pro industry code is BPABAAAA, Hard Services (MEP/HVAC, Electrical, Plumbing). Its NAICS code is 238220 and its SIC code is 7340.

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Contact sales
Live signals
ITWebMTN’s H1 earnings surge, launches R6bn share buybackMTN Group reported a 17.5% increase in H1 2026 service revenue to R115 billion and announced a R6 billion share buyback programme alongside the ongoing acquisition of IHS Holdings. The results were driven by strong growth in digital adoption, fintech transaction volumes reaching $330 billion, and robust performance across key African markets like Ghana, Nigeria, and Uganda. MTN anticipates closing the IHS transaction in the second half of 2026 following regulatory approvals.Zambia's first for tech news!MTN Group Reports Strong H1 2026 Performance, Launches Share BuybackMTN Group reported H1 2026 service revenue of R115 billion, up 17.5% in constant currency, and EBITDA of R56 billion. It launched a share buyback of up to R6 billion for 31 million shares. The group also plans to acquire the remaining IHS Holdings shares in H2 2026.DabafinanceIHS Towers Board Backs MTN Take-Private OfferMTN Group proposed to buy out IHS Holding shareholders for $8.50 per share, valuing the tower operator at about $6.2 billion. The deal would make IHS a wholly owned MTN subsidiary and delist from the NYSE, pending shareholder approval. MTN's bid aims to reduce dependence on third-party tower providers for 4G, 5G, and fiber services.TechCabalIHS shareholders to vote on MTN buyout proposalIHS Holding's board backed MTN Group's plan to take the telecom tower company private, with shareholders to vote on the $2.2 billion acquisition at an EGM later this year. The deal would buy all outstanding shares at $8.50 per share in cash, making IHS a wholly owned MTN subsidiary and delisting it from the NYSE.TechAfrica NewsIHS Board Endorses MTN Buyout as $2.2 Billion Deal Heads to Shareholder VoteIHS's board endorsed MTN's $2.2 billion all-cash acquisition, recommending shareholder approval. MTN's $8.50-per-share offer is deemed fair value, with shareholders voting in London later this year. IHS must divest Latin American operations before finalization.BusinessdayIHS profit jumps to $77m in Q1 2026 as MTN buyout nears completionIHS Holding reported Q1 2026 profit after tax of $77 million, up 151% year-on-year, as it advances its proposed $6.2 billion acquisition by MTN. Revenue rose 6% to $415.4 million, and cash from operations increased 13.2% to $244.9 million. The company also completed the sale of its Latin American operations to Macquarie.BusinessdayIHS secures N100bn credit facility amid 2,491 Nigeria tenant lossesIHS Holding secured a N100 billion revolving credit facility in Nigeria, maturing in 2029, after losing 2,491 tenants in the first quarter. The company's Nigerian revenue rose 5% to $285 million, but organic revenue fell due to contract adjustments. The firm is preparing for a proposed $6.2 billion acquisition by MTN.The Motley FoolIHS Stock Up 57% as CEO Sells 87,000 Shares. Here's What Investors Should KnowThe CEO and chairman of IHS Holding Limited sold 86,793 shares valued at approximately $710,000 on March 18, 2026, according to an SEC Form 4 filing. The transaction represented only a 0.0259 percentage point reduction in his total ownership, leaving him with over 13 million shares across direct and indirect holdings. The article contextualizes the sale as immaterial, noting IHS shares have risen 57% over the past year and the company reported strong financials including $1.77 billion in revenue and 47% growth in free cash flow.TechAfrica NewsIHS Holding Cleans House: 4QFY25 Results Signal Final Prep for $6.2B MTN MergerIHS Holding Limited released 4QFY25 results showing strategic portfolio cleanup ahead of MTN Group Limited's proposed $6.2 billion acquisition, including divesting non-core assets and resolving troubled tenant relationships for cash. The company churned 2,576 tenants in Nigeria through a T2 (formerly 9mobile) settlement, sold tower operations in Brazil and Colombia to Macquarie Asset Management for $952 million and its I-Systems stake to TIM S.A. for $453 million, and reduced net debt by $154 million. IHS established a new $69 million revolving credit facility in January 2026 to maintain liquidity during the acquisition process, positioning itself as a leaner Africa-focused infrastructure platform.TechCabalThe numbers behind MTN's $4.8 billion telecom infrastructure betMTN Group, Africa's largest telecom operator, is acquiring nearly $4.8 billion worth of telecom tower infrastructure from IHS Holdings for $2.2 billion, absorbing approximately 29,000 towers to consolidate control over its core network in West and Southern Africa. The transaction values IHS at roughly $2.9 billion in equity with an enterprise valuation of $6.2 billion, and will fold IHS into MTN's digital infrastructure subsidiary Bayobab, with MTN expecting to capture approximately $1.1 billion in annual savings by internalizing lease payments that currently flow to IHS. IHS is shedding over 10,000 towers across Latin America and Rwanda to manage $3.27 billion in borrowings—85% dollar-denominated—following a 19.5% revenue decline in 2024 that left its balance sheet strained by currency volatility and rising diesel costs.