Green Mountain Electric Supply acquires New York company

Vermont Business Magazine Green Mountain Electric Supply, Inc of Colchester has acquired Falcone Electric of Batavia, NY. Generational equity, a leading Dallas-based M&A advisor to private companies, announced the sale on behalf of its client, Vanderhoof Electric Supply, Inc (dba Falcone Electric). The acquisition closed on October 3, 2022. Financial terms were not disclosed.

electric falcon is a wholesaler and retailer of electrical supplies and lighting fixtures with an excellent reputation for quality customer service. Falcone was founded in 1945 and the current owner purchased the business in 2009. Falcone has established working relationships with some of the leading manufacturers in the industry and today carries more stock items than virtually any of its competitors . This includes a huge selection of cables, conduits, wires, pipes, appliances, tools, test equipment, fittings, fasteners, batteries, fans, heaters and everything in between.

Green Mountain Power Supply (GMES), located in Colchester, (with additional locations in New York and New England) is an electrical distributor serving the contractor, industrial and municipal markets. It is a leader in energy efficient solutions, including LED technology, lighting retrofits, energy audits, custom lighting fixtures and photovoltaic solar power. GMES offers innovative and renewable energy solutions.

Executive Managing Director Generational Equity, M&A-Technology Practice Leader, David FergusonSenior Mergers & Acquisitions Advisor, Bill Shipman, with support from the Managing Director, Mergers & Acquisitions, Corey Painter successfully closed the deal. Chief Executive Officer, Joe Van Voorhis established the initial relationship with Falcone.

“The acquisition was a natural fit for GMES as they continue to expand their presence throughout the region,” Shipman said. “Furthermore, they gain an experienced and capable management team through the acquisition who will continue to lead GMES’ growth strategy going forward.”

About Generational Equity

Generational equity, Generational Capital Markets (FINRA/SIPC member), Generational Wealth Advisors, Generational advisory groupand AccordForce are part of the Generational groupheadquartered in Dallas, is one of North America’s leading M&A advisory firms.

Source: 20.10.2022. DALLAS–(BUSINESS WIRE)–Generational equity

Source link

About Cecil D. Ramirez

Check Also

New era startups boost the supply chain

Mowito Robotics, Tusker, Sytlumia, Raaho, Conmove and Celcius Logistics are working on the digitalization of …